Wage Growth Likely to Continue Driving Workers’ Comp Payroll Growth February 19, 2024 By Allen Laman Despite a “significant slowdown” in job growth in 2023, a new National Council on Compensation Insurance briefing shared that “wage...
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best February 19, 2024 The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and...
It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies February 19, 2024 By Alex Lyashok Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed...
Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend February 19, 2024 By Chad Hemenway Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly...
DEI: Redefining the Paradigm for the Property/Casualty Industry February 19, 2024 By Desmund Adams The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we’re doing...
Marsh: US Commercial Lines Rates Up 3% in Q4 2023 February 19, 2024 Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter...
Global Ransomware Attacks Reach Record High in 2023, Says Corvus February 19, 2024 Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active...
How Apprenticeship Programs May Be the Best Solution to Today’s Talent Crisis February 19, 2024 By Meghan Parrilla Four-year degree required. It’s been a standard part of job descriptions in the insurance industry for the better part of...
Agency M&A Down 24% in 2023 but More Large Deals May Be Seen in 2024: OPTIS February 19, 2024 By Chad Hemenway There has been a somewhat return to normal when it comes to insurance agency mergers and acquisitions, with traditionally active...
Working From Home February 19, 2024 By Chris Burand Based on my reading, most employers appear to prefer employees to be in the office. And yet, most white-collar employees...