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Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers

Apr 19 2024 // With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net...

Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023

Apr 16 2024 // The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings...

5 Strategies for Managing Carrier & Client Relationships in a Hard Market

Apr 15 2024 // As hard-market conditions continue to drive rate increases, independent agents face two challenges: explaining policy changes to their clients while continuing to nurture relationships with their carrier...

Nationwide Wants 19% Increase in Auto Rates in West Virginia

Apr 4 2024 // Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers. The West Virginia insurance commissioner said...

Survey: Most Architects and Engineers Professional Liability Rates to Rise

Apr 1 2024 // Most insurers plan to increase architects and engineers (A&E) professional liability insurance rates for a third consecutive year, according to a new survey by Ames & Gough. The specialty insurance broker reported...

Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years

Mar 19 2024 // The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary...

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