Viewpoint: Four Approaches to Expand Commercial P/C’s Market Relevance February 22, 2023 By Shannon Varney Despite a range of disruptions, global commercial P/C insurance carriers have actually delivered good returns over the last few years—mostly...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing December 29, 2022 By Susanne Sclafane With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for...
Ian to ‘Significantly Impact’ Property Rates for Coastal States: MarketScout October 5, 2022 Hurricane Ian is going to affect commercial and personal property rates “significantly” – not just in Florida, predicted MarketScout. The...
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...