Global Reinsurers’ ROE Jumps to 22% in 2023 but Market Softening Unlikely: AM Best November 18, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year...
OPTIS: Insurance Agency M&A Down 10% This Year November 18, 2024 By Chad Hemenway The total number of insurance agency mergers and acquisitions as of the end of September was down 10% from the...
Changing the Focus of Claims, Data When Talking About Nuclear Verdicts November 18, 2024 By Ezra Amacher The topic of nuclear verdicts took center stage at this year’s Target Markets Annual Summit in Scottsdale, Arizona, where a...
GAO Urges OSHA to Address Ergonomic Hazards in E-Commerce Warehouses, Deliveries November 18, 2024 The federal Occupational Safety and Health Administration (OSHA) must do more to address ergonomic hazards at warehouses and delivery companies,...
What to Know About Deductibles After Multiple Florida Hurricanes November 18, 2024 By Patrick Wraight Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels November 18, 2024 By Chad Hemenway Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all...
Named vs. Open Perils November 18, 2024 By Bill Wilson This column is written primarily for insurance professionals, though I hope that the information I include is helpful to practitioners...
Missteps and Mistakes: 5 of the Scariest Moments of My Insurance Career November 18, 2024 By Tony Caldwell I remember 1994 when I was running for the United States Senate. My campaign consultants thought I should publish my...
The Data Behind Rising Homeowners Premiums: By Peril and By State November 18, 2024 The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according...
NFIP to Begin Taking Monthly Flood Insurance Payments November 18, 2024 By Chad Hemenway The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of...