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Insurance Thought Leadership

[insert headline here] ITL Editorial Team Tue, 04/01/2025 - 18:56 ...

Posted: Apr 01, 2025

Allstate completes sale of employer voluntary benefits business

coverager

The sale of Employer Voluntary Benefits generated a financial book gain of about $625 million.

Posted: Apr 01, 2025

Venteur raises $20 million

coverager

The startup serves hundreds of employers and tens of thousands of employees.

Posted: Apr 01, 2025

HCI’s Greenleaf Capital signs GEICO to multi-year lease for Tampa office campus

coverager

GEICO plans to bring over 1,000 jobs to the area, and the lease fully occupies the campus.

Posted: Apr 01, 2025

Insureds fail to use thousands in insurer payments

Rough Notes

INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Insureds fail to use thousands in insurer payments A wildfire occurred near the home of Hovik Gharibian and Caroline Minasian. Although debris entered the home an...

Posted: Apr 01, 2025

No coverage for inherent diminished value

Rough Notes

INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS No coverage for inherent diminished value Jeffrey Cubberley and Philip Seaver filed suit against The Commerce Insurance Company, seeking declaratory relief for al...

Posted: Apr 01, 2025

Did title policy cover the use of gates?

Rough Notes

INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Did title policy cover the use of gates? In August 2016, Roger and Therese Hutchinson purchased rural property in Madison County, Montana, which included an easem...

Posted: Apr 01, 2025

GET COMFORTABLE WITH DISCOMFORT

Rough Notes

The solution to dealing with stress in today’s whitewater world of work At a time when we need to be getting stronger at handling stress, people seem to be growing increasingly fragile. By Kimberly Paterson, CEC Today’s business environment is in a c...

Posted: Apr 01, 2025

FLIPPING THE SCRIPT ON COMMERCIAL AUTO

Rough Notes

Prevention-first strategies in a rising premium market By Randy Boss, CRA, CRM, MWCA, SHRM-SCP The commercial auto market is at a crossroads, with rising claims,  increasing premiums, and disruptive new risks; yet every challenge presents an opportun...

Posted: Apr 01, 2025

ENHANCING YOUR PHILANTHROPIC IMPACT AND VALUE

Rough Notes

Approaches to consider to introduce a new engagement model and strengthen agency culture This year, independent agencies have a great opportunity to be involved and continue to enhance their community engagement and impact. By Bill Ross With 2024 wel...

Posted: Apr 01, 2025

STOP COLD CALLING: HOW TO PROSPECT SMARTER IN 2025

Rough Notes

Strategies for connecting with people who already want to hear from you Even if you’re the best producer in the world, cold calling puts you at a disadvantage. You’re starting the conversation as an outsider. By Carolyn Smith, APR, TRA Let’s get one...

Posted: Apr 01, 2025

Drowsy Driving Impacts 14% of Americans: Survey

Carrier Management

Drowsy Driving Impacts 14% of Americans: Survey New data indic...

Posted: Apr 01, 2025

Is Parametric Coverage An Innovative Solution To Rising Deductibles?

Rough Notes

Product that addresses challenges of severe weather events gains traction By combining parametric with traditional property insurance, insurance professionals can offer clients a more robust risk management strategy … . By Dustyne Bryant, CIC, CISR I...

Posted: Apr 01, 2025

California Wildfires to Hit Bermuda Reinsurers Hard: Fitch

Risk & Insurance

California wildfires will add pressure to Bermuda reinsurers' 2025 earnings despite strong capital positions and disciplined underwriting practices, the rating agency said. The post

Posted: Apr 01, 2025

MOVING YOUR APPLICATION TO THE TOP OF THE STACK

Rough Notes

Creating high-quality commercial submissions for underwriters When it comes to commercial account submissions, there’s no such thing as too much information. By Cheryl Koch, CPCU, ARM, AAI, ACSR, AFIS, and Mary Belka, CPCU, ARM, ARe, RPLU, CIC When i...

Posted: Apr 01, 2025

There’s Much To Gain, Nothing To Lose By Engaging Employees

Rough Notes

Employee engagement goes deeper than having employees who are happy and believe in an organization After you’ve asked for input, always acknowledge it. It’s so important to let people know they’ve been heard. By Kari Glennon If you’re an insurance ag...

Posted: Apr 01, 2025

What Talent Gap? Making Adjuster Management a Recruiting Point with AgentSync

coverager

By automating and simplifying the licensing and compliance process with AgentSync, this P&C and liability insurance services firm made life easier for their adjusters and internal staff members alike.

Posted: Apr 01, 2025

Zurich to invest in ICEN Risk

coverager

The transaction will see Zurich take a “significant minority” in Icen.

Posted: Apr 01, 2025

Monzo launches renters insurance

coverager

The coverage will be rolled out over the next few weeks.

Posted: Apr 01, 2025

How Independent Agents Can Adapt to Meet Changing Consumer Expectations

IA Magazine

From the long-lasting impact of the pandemic to the turmoil of the hard market, personal lines consumer preferences are shifting. Here’s how independent agents can keep up.

Posted: Apr 01, 2025

6 Ways to Boost Client Retention With a Renewal and Remarketing Plan

IA Magazine

From the long-lasting impact of the pandemic to the turmoil of the hard market, personal lines consumer preferences are shifting. Here’s how independent agents can keep up.

Posted: Apr 01, 2025

BlackRock Plans for Texas ETF Amid Its Push Into Lone Star State

Insurance Journal

BlackRock Inc. is going even bigger in Texas. The world’s biggest asset manager applied for the iShares Texas Equity exchange-traded fund, according to a Friday filing with the Securities and Exchange Commission. The planned ETF would be passiv...

Posted: Apr 01, 2025

J&J Plunges After Plan to Settle Baby Powder Suits Fails

Insurance Journal

Johnson & Johnson shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought...

Posted: Apr 01, 2025

People Moves: JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson; Huntington Hir...

Insurance Journal

JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson JM Wilson, headquartered in Portage, Michigan, Natalie Staruch was promoted to executive property & casualty (P&C) underwriter. She underwrites new and renewal commercial...

Posted: Apr 01, 2025

WTW acquires Global Commercial Credit

Reinsurance News

Global advisory, broking, and solutions firm WTW has announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. The move significantly bolsters WTW’s capabilities in trade credit and political risk insuranc...

Posted: Apr 01, 2025

Trial to Hash Out $600M Settlement Payment in Deadly Norfolk Southern Derailment

Carrier Management

Trial to Hash Out $600M Settlement Payment in Deadly Norfolk Southern Derailment Norfolk Southern wants...

Posted: Apr 01, 2025

Maryland, NY and Washington D.C. Ranked Highest for Car Insurance Premiums

Carrier Management

Maryland, NY and Washington D.C. Ranked Highest...

Posted: Apr 01, 2025

Another Kentucky Farmer Pleads Guilty to Crop Insurance Fraud

Insurance Journal

A Kentucky farmer is awaiting sentencing after pleading guilty to defrauding the federal crop insurance program of almost $1.5 million. Robert Thomas Hunt, of Taylor County in central Kentucky, asked grain haulers to sell his soybean, corn and wheat...

Posted: Apr 01, 2025

Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s

Reinsurance News

Despite sizable claims from the LA wildfires in January, Moody’s anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for re...

Posted: Apr 01, 2025

Japan Warns Potential Megaquake Could Kill Nearly 300,000

Insurance Journal

A long-feared megaquake off Japan’s southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai Trough would destroy 2.34 million buildings and...

Posted: Apr 01, 2025

The ‘Answer Economy’ Changes Everything

Insurance Thought Leadership

The ‘Answer Economy’ Changes Everything AI & Machine Learning sradomski Tue, 04/01/2025...

Posted: Apr 01, 2025

California’s Snowpack Data Likely Signals Another Fire-Prone Summer

Insurance Journal

California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled to measure the snowpack amassed over winter on Tuesday — April 1 is the typical peak point before springtime melting. …

Posted: Apr 01, 2025

Looking beyond BMI in modern life insurance

Insurance Thought Leadership

Looking beyond BMI in modern life insurance From Our Partners sradomski Tue, 04/01/2025 - 11:0...

Posted: Apr 01, 2025

Australia Outback Lashed by Year’s Worth of Rain in Week, With Many Livestock Killed

Insurance Journal

Australia’s remote outback in western Queensland has been swamped by flooding after being lashed with a year’s worth of rainfall in a week, sweeping away tens of thousands of livestock. Up to 500 millimeters (19.7 inches) of rain has floo...

Posted: Apr 01, 2025