New Survey Reveals How Independent Agents Are Adapting to the Hard Market March 4, 2024 The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey March 4, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2023, continuing...
US Judge Says Google Must Face Some Advertisers’ Antitrust Claims, Dismisses Others March 4, 2024 By Jonathan Stempel Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge...
AI Firms Face Growing List of Lawsuits. Here’s What to Watch March 4, 2024 Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers March 4, 2024 Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report...
Ryan Specialty Q4 Net Income Up 28% on E&S Expansion March 1, 2024 By Ezra Amacher Ryan Specialty reported fourth quarter 2023 net income of $58.5 million and net income of $194.5 million for the full...
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 1, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a...
People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer March 1, 2024 Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 1, 2024 A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...