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...
You Need Diversity to Grow: Ako Founder Nnaji Talks Success Strategies August 5, 2024 By Jahna Jacobson The future is diverse and community is key. That’s the message from Ngozi Nnaji, founder and managing partner of Ako...
Ohio Supreme Court Orders City to Pay $30M Police Brutality Judgment August 5, 2024 By Andrew G. Simpson The Ohio city of East Cleveland must pay a $30 million jury verdict awarded to a man who police wrongly...
What Role Does Insurance Play in a Politically Charged Climate? August 5, 2024 By Elizabeth Blosfield Law enforcement officials are continuing to investigate the July 13 shooting at a Butler, Pennsylvania, rally for former President Donald...
Wisconsin Company Faces $367K Fine for Endangering Workers August 5, 2024 Had John’s Disposal Service Inc. and John’s Recycling Inc. in Franksville, Wisconsin followed federal safety standards, a temporary maintenance worker...
Upskilling: Three Skills to Sharpen as a Seasoned Agent Who Wants More August 5, 2024 By Tony Caldwell Whether they own their own agency or not, an insurance producer is essentially an independent businessperson. Why? Because a producer’s...