A Fresh Take on Commission: Envisioning a System That Supports the Agent, Carrier and Consumer September 16, 2024 By Tony Caldwell I confess that for a guy who has made his living largely on commissions for decades, I don’t like the...
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 September 16, 2024 The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for...
Ex-Michigan State Football Coach Sues School Over His Firing September 2, 2024 By Rick Callahan Former Michigan State University head football coach Mel Tucker is suing the university and school leaders, alleging that they wrongfully...
Hurricane Debby Claims Already Two-Thirds of Idalia Claims in Florida, as Insurance Market Strengthens, Regulator Says September 2, 2024 The number of Florida claims from Hurricane Debby, filed within 10 days of the storm, stood at almost two-thirds of...
Network Growth in Hard Market September 2, 2024 For more than a decade, Insurance Journal has recognized some of the nation’s largest agency partnerships and networks in its...
Small Contractors Are Often Unaware of Risk Issues They Face. An Agent’s Expertise Can Help with That. September 2, 2024 By Patrick Wraight We had some work done on our home recently and the contractor wasn’t what I was expecting. When I spoke...
Managing Management Liability Risk in Today’s Market September 2, 2024 By Chris Zanchelli The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased...
Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses September 2, 2024 By L.S. Howard Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year...
Downward Departure: Florida Insurance Agent Charged with Embezzling Premiums After He Was Hit with Lawsuits, Complaint September 2, 2024 Florida authorities in August arrested a well-known southwest Florida insurance agent, charging him with larceny and embezzlement of premiums. Reid...
California Commissioner Moves to Implement Rate Review Reforms September 2, 2024 California Insurance Commissioner Ricardo Lara in mid-August released a statement on his latest administrative action designed to address the state’s...