I Don’t Need No Stinkin’ Insurance Agent March 10, 2025 By Chris Burand This is obviously a warped paraphrase of the famous line from “The Treasure of the Sierra Madre,” “Badges! I don’t...
FEMA to Borrow $2 Billion to Pay Flood Claims After Hurricanes Helene and Milton March 10, 2025 By Chad Hemenway The Federal Emergency Management Agency said in February that it needs to borrow $2 billion from the U.S. Treasury to...
Why Soft Skills Matter February 24, 2025 By Andrea Wells This issue reveals data and compensation insights gathered from Insurance Journal’s annual Agency Salary Survey. For the third year in...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 24, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024 February 24, 2025 The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6%...
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development February 24, 2025 By Chad Hemenway Selective Insurance Group reported a 24% drop in fourth-quarter 2024 net income as its chief executive admitted the year did...
Words Matter February 24, 2025 By Bill Wilson In my September 2020 column, I wrote an article called “Is It Covered? The Unimpeachable Case of What ‘Are’ Is.”...
California Wildfire Claims Ignite Industry-Wide Credibility Crisis February 24, 2025 By Grace Vandecruze As someone who lost everything in a devastating fire–from cherished family photos to irreplaceable heirlooms–I understand firsthand the profound impact...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024 February 24, 2025 By Chad Hemenway Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth-quarter net...
US Chicken, Pork Plant Workers Face Higher Health Risks, USDA Studies Confirm February 24, 2025 By Tom Polansek Workers in US chicken and pork plants face higher risks than other manufacturing workers for musculoskeletal disorders such as carpal...