Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk September 22, 2022 Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help...
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power August 24, 2022 A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman August 16, 2022 The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative...
Q2 Commercial P/C Premiums Up 6.1%: CIAB August 16, 2022 By Chad Hemenway The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business,...
Another State Supreme Court Rules No Coverage for COVID-19 Shutdown August 12, 2022 By Jim Sams The South Carolina Supreme Court on August 10 became the fourth state high court in the nation to rule that...
Independent Agents Place Majority of U.S. P&C Insurance: Big I August 9, 2022 The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey July 25, 2022 A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next...
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P June 30, 2022 For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due...
Home, Commercial Rate Hikes Not Enough to Offset Construction Costs: Moody’s May 19, 2022 To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial...
AIG Q1 Net Income Up as Underwriting Profit Soars May 3, 2022 First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021...