U.S. Commercial Insurance Rates Rise Again in Q3 But Show Signs of Stabilizing December 8, 2020 For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10 percent but...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
Expansion of Workers’ Compensation for COVID-19 in 6 States Created Narrow Benefit December 8, 2020 By Jim Sams While at least 17 states have passed laws or issued orders that expanded access to workers’ compensation benefits for employees...
Meatpacking Plants Linked to Up to 8% of Early U.S. COVID Cases November 27, 2020 By Mike Dorning As many as one in 12 cases of Covid-19 in the early stage of the pandemic in the U.S. can...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2 November 19, 2020 By L.S. Howard Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment November 19, 2020 By Andrew G. Simpson Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance,...
S&P Finds U.S. Insurers Made Modest Gains in Diversity Over Decade November 18, 2020 The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government...
Despite Warnings and Laws, Drivers Continue to Be Distracted by Phones November 18, 2020 Despite education programs and state laws, phone-based driving distraction is still on the rise—and is likely responsible for far more...
Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020 November 17, 2020 The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in...
Independent Agents Seek Digital, Product Support From Carriers to Battle Direct Writers November 16, 2020 Independent insurance agents and their carrier partners face strong headwinds in their efforts to maintain their dominance among distribution channels...