Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 19, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents August 19, 2024 Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according...
Personal Auto Driving P/C Insurers to 2024 Underwriting Profit August 19, 2024 By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024,...
Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh August 19, 2024 Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024),...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 August 19, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss in the...
Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts August 19, 2024 By Allen Laman Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for...
Sales Culture Versus Business Culture August 19, 2024 By Chris Burand Can an agency built by a true salesperson transform into a firm with a business culture? Not with a salesperson...
3 Things to Know About the Nonprofit Insurance Market August 19, 2024 By Allen Laman A challenging legal arena, a continuing talent shortage and alternatives to traditional insurance products are three areas impacting nonprofits today,...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re August 5, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Agency E&O Lessons to Consider August 5, 2024 By Chris Burand I’m seeing more cases of carriers rescinding policies for application errors, fraud or outright lies (call it what you will)...