Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …
Hurricane Ian is going to affect commercial and personal property rates “significantly” – not just in Florida, predicted MarketScout. The Dallas-based insurance distribution and underwriting company released its quarterly Market Barometer of rate conditions in personal and commercial insurance lines. …
Progressive offered a rare look inside their strategic playbook in a recent second quarter earnings report. Describing the firm’s market share in key customer segments, the report highlighted one group as its most significant growth opportunity. They are called the …
Auto insurance shopping was down 3% overall in Q2 2022 compared to Q2 2021. That trend was primarily driven by a significant decrease by higher-risk consumers, where shopping decreased 11%, compared to Q2 2021. TransUnion’s new Personal Lines Insurance Trends …
The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022 Market Share Report. The annual Market Share Report compiles and analyzes property and casualty premium data from AM Best and …
“To improve is to change, so to be perfect is to have changed often.” This quote from Winston Churchill is hanging on the wall at the offices of Jacobson, Goldfarb & Scott Inc. (JGS Insurance). The Bell Works, N.J.-headquartered agency, …
Startup insurance provider, Berkley One, has launched in Illinois, the first state of a planned national state-by-state rollout. Working with a select group of independent agents, Berkley One offers home, automobile, fine art and collectibles, and excess liability insurance solutions, …
Ironshore International’s Pembroke Managing Agency Limited through its Lloyd’s Syndicate 4000 (Pembroke) has introduced insurance coverage for passengers and participants in sub-orbital space flights. Pembroke’s product provides cover for personal risk exposure of death, serious injury, and associated medical expenses …
Willis Group Holdings plc announced that it will acquire a controlling stake of approximately 75 percent in Max Matthiessen, an employee benefits adviser in Sweden, for $205 million. Willis said the acquisition “underlines its commitment to grow its global Human …
