Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey February 5, 2024 By Elizabeth Blosfield Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to...
The Growing Influence of LinkedIn on the Insurance Industry February 5, 2024 By Kristen Nevins The insurance industry thrives on making meaningful connections with potential clients and partners. Among social media platforms, LinkedIn stands out...
10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023 February 5, 2024 By Chad Hemenway According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a...
No Sugarcoating: Availability Before Affordability, California Regulator Says February 5, 2024 By Susanne Sclafane If the old adage “As California goes, so goes the nation” is true, then 2024 will be another year of...
Judge Slams Florida’s Universal P&C for ‘Stonewalling’ Court Orders, Demands Answers January 22, 2024 Universal Property & Casualty Insurance Co. officials have downplayed the significance of recent Florida judges’ rulings that have slammed the...
Higher Auto Claims, More Frequent Accidents Continue to Outpace Premium Hikes January 22, 2024 As claim severity rises, U.S. personal auto results are on the decline, according to AM Best’s Market Segment Report, issued...
New Jersey Provides Tools to Implement New Flood Risks Disclosure Law January 22, 2024 New Jersey officials have introduced measures to implement flood risk disclosure legislation signed into law by Gov. Phil Murphy last...
Changing Risks Shape the Future of Agency E&O: Webinar January 22, 2024 By Allen Laman While today’s insurance agency errors and omissions (E&O) market remains mostly stable, emerging exposures, cyber risk, natural disasters and more...
Man Pleads Guilty to One of New York’s Biggest No-Fault Insurance Frauds Ever January 22, 2024 A New Jersey man has pleaded guilty to orchestrating an estimated $70 million fraud targeting no-fault automobile insurance companies in...
Trends in Auto Thefts Add to Rising Claim Costs January 22, 2024 Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end...