Insurers’ Losses from Hurricane Beryl Will be ‘Readily’ Absorbed August 5, 2024 By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing...
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)...
Condos: A Difficult Market to Navigate August 5, 2024 By Patrick Wraight The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred...
Proper Profit Center Accounting August 5, 2024 By Catherine Oak and Bill Schoeffler Do owners really know which departments or lines of business are making money in their agency? What are small commercial...
3 Emerging Risks: Severe Convective Storms, Battery Energy Storage and Drones August 5, 2024 By Lee Shavel There’s something very human about attempting to master nature itself. We live in an uncertain time, however — one in...
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best July 15, 2024 By Chad Hemenway According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a “stable”...
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey July 15, 2024 By L.S. Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes,...
Impacts of Economic Changes on California Workers’ Comp July 15, 2024 Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026,...
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 July 15, 2024 By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents...