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Steady Growth Amid Market Cycles Is Possible

Insurance Journal

Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cyc...

Posted: May 04, 2025

7 Marketing Strategies to Establish Your Workers’ Compensation Expertise

Insurance Journal

Being an expert in workers’ compensation has become a coveted differentiator for insurance agents and brokers. Unlike some of the more commoditized insurance lines, workers’ comp demands specialized knowledge-from industry-specific classi...

Posted: May 04, 2025

Rising Civil Unrest, Political Violence Remains Top 10 Risk for Global Businesses: Allianz

Insurance Journal

Soaring levels of civil unrest and political violence is a key concern for businesses of all sizes as well as for their insurers, according to a report published by Allianz Commercial. The impact of civil unrest or strikes, riots and …

Posted: May 04, 2025

Roof Repair and Replacement Costs Up Nearly 30% Since 2022, New Report Says

Insurance Journal

Roof repair and replacement cost value totaled nearly $31 billion last year–up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more...

Posted: May 04, 2025

Cybercrime Up Again

Insurance Journal

It shouldn’t be surprising that the number of reported cybercrime complaints to the feds rose again. Almost daily I hear from someone I know about a new threat, hack, or fishy AI call. The most recent was in my own …

Posted: May 04, 2025

Managing Safety in Workers’ Comp

Insurance Journal

After more than 25 years of counseling businesses on ways to improve worker safety, Steven Simon, senior risk control manager for Safety National, said the one piece of advice he could offer to any size organization wanting to improve their …

Posted: May 04, 2025

Healthcare Liability Trends to Watch Under Trump’s Administration

Insurance Journal

The 2025 presidential administration is likely to lead to changes for the healthcare liability landscape. Potential deregulation initiatives could ease administrative burdens on providers and improve efficiency; however, the potential impacts of thes...

Posted: May 04, 2025

5 Ways to Prepare for Healthcare Liability Changes in 2025

Insurance Journal

Healthcare providers, insurers, and underwriters face potential shifts in healthcare liability regulations under the new presidential administration in 2025. Here are five key steps to help navigate these changes: 1. Stay Informed About Policy Shifts...

Posted: May 04, 2025

A True Alternative to Opioids for Workers’ Comp? Questions Remain

Insurance Journal

Recent FDA approval of suzetrigine, representing the first new class of pain medication in more than 20 years, is generating excitement among workers’ compensation professionals who have long been looking for a viable alternative to opioids. Su...

Posted: May 04, 2025

Agency Tax Laws Shareholders Need to Know

Insurance Journal

I find that most agency owners who call me regarding having their agency valued or developing a producer vesting program have no idea that important specific laws and regulations exist, even though these laws and regulations have been in place &#8230...

Posted: May 04, 2025

Anticipated Regulatory Changes With OSHA

Insurance Journal

With President Donald Trump now in his second term, several changes to the Occupational Safety and Health Administration (OSHA) are anticipated based on his previous administration’s approach, current policy signals, and the broader deregulator...

Posted: May 04, 2025

A Favorable Prognosis–Healthcare at the Forefront of Cyber Risk

Insurance Journal

Healthcare organizations continue to find themselves at the forefront of cyber risk. Exposures such as IT supply chain dependencies, website tracking litigation, ransomware attacks, new security regulations, and data breach class actions put healthca...

Posted: May 04, 2025

Minnesota Bill Would Create Auto Insurance Program for Low-Income Residents

Insurance Journal

Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative auto insurance option for mot...

Posted: May 04, 2025

Key Trends in the Marine Insurance Industry

IA Magazine

Despite the softer market conditions, the marine insurance industry—marine cargo, inland marine, and marine hull and liability—continues to be impacted by evolving trends.

Posted: May 04, 2025

How Coastal Habitats Can Reduce Flood Losses and Create More Resilient Communities

IA Magazine

In areas that enjoy a healthy coastal habitat, an average of 1% of insurance policyholders report a claim in a month of a flood event, compared to 2.8% of areas with less coastal protection.

Posted: May 04, 2025

How Coastal Habitats Can Reduce Flood Losses and Create More Resilient Communities

IA Magazine

In areas that enjoy a healthy coastal habitat, an average of 1% of insurance policyholders report a claim in a month of a flood event, compared to 2.8% of areas with less coastal protection.

Posted: May 04, 2025

Ahoy! Insurance Expands to Florida With Flexible Marine Insurance Options

IA Magazine

The new policy offers coverage for vessels up to 95 feet in length and $2.5 million in value.

Posted: May 04, 2025

Ahoy! Insurance Expands to Florida With Flexible Marine Insurance Options

IA Magazine

The new policy offers coverage for vessels up to 95 feet in length and $2.5 million in value.

Posted: May 04, 2025

MIB Acquires Clareto, Forms Data Partnership With Munich Re

IIR

MIB has acquired Clareto from Munich Re Life US and entered a strategic partnership to expand electronic medical data access and develop advanced analytics for life insurance underwriting.

Posted: May 04, 2025

APRA Selects Klear.ai to Modernize Claims Operations

IIR

The Alaska Public Risk Alliance has chosen Klear.ai to consolidate claims systems and streamline workflows across its public risk pools.

Posted: May 04, 2025

What Are Your Customer Communications Systems Costing You?

IIR

Outdated communications systems may appear efficient but can carry hidden costs, through reduced agility, regulatory compliance failures and strained customer relationships.

Posted: May 04, 2025

Erie names Angela Dix VP and WI branch manager

coverager

Dix has served as a district sales manager in Indiana since 2017.

Posted: May 04, 2025

May the Fourth Be With You: Supercharging Claims Adjusters 4x with Agentic AI

coverager

In the vast expanse of the insurance universe, a transformative force has emerged-Agentic AI. Like the Jedi of lore, these intelligent agents are revolutionizing the claims landscape, bringing balance and efficiency to traditionally manual processes.

Posted: May 04, 2025

Hippo: From Palo Alto to San Jose

coverager

The relocation involved less than half the square footage of its previous office.

Posted: May 04, 2025

Pacific Crest Services secures investment from Long Ridge Equity Partners

coverager

Terms of the investment were not disclosed.

Posted: May 04, 2025

GEICO ends Q1 with $2.1 billion profit

coverager

Axcelus Financial is a provider of private placement life insurance and annuities.

Posted: May 04, 2025

RMIS Platforms Evolve Beyond Claims Management to Strategic Decision Support

Risk & Insurance

2025 Redhand Advisors RMIS survey reveals growing AI adoption and middle-market expansion despite implementation challenges, budget constraints. The post

Posted: May 04, 2025

Buffett to Step Down Following Six-Decade Run Atop Berkshire

Insurance Journal

Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the cong...

Posted: May 04, 2025

Buffett to Step Down Following Six-Decade Run Atop Berkshire

Carrier Management

Buffett to Step Down Following Six-Decade Run Atop Berkshire Warren Buffett, who built...

Posted: May 03, 2025

What Buffett Said: Quotes from 2025 Berkshire Hathaway Annual Meeting

Carrier Management

What Buffett Said: Quotes from 2025 Berkshire Hathaway Annual Meeting Warren Buf...

Posted: May 03, 2025

Berkshire Hathaway’s GEICO offsets underwriting losses at reinsurance and primary units in Q1’25

Reinsurance News

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a $1.3 billion decrease in net underwriting earnings across its insurance and reinsurance operations to $1.34 billion for the first quarter of 2025, compared...

Posted: May 03, 2025

Allstate reports Q1 2025 results

coverager

Allstate plans to continue investing in advertising as long as it drives profitable growth.

Posted: May 02, 2025

Severe Storms Sweep Across the U.S. Leaving Flood and Wind Damage in its Wake

Carrier Management

Severe Storms Sweep Across the U.S. Leaving Flood and Wind Damage in its Wake A least two people drowne...

Posted: May 02, 2025

Cargo Theft Arrests Lead LAPD to Nearly $4M in Stolen Goods

Carrier Management

Cargo Theft Arrests Lead LAPD to Nearly $4M in Stolen Goods During the past week, two promine...

Posted: May 02, 2025

U.S. House Votes to Bar California 2035 EV Plan

Carrier Management

U.S. House Votes to Bar California 2035 EV...

Posted: May 02, 2025

Chubb, Zurich, and National Indemnity launch $100M excess casualty facility

coverager

The solution targets national and multinational firms facing rising litigation risks and diminishing market capacity.

Posted: May 02, 2025

Lemonade appoints Rhino

coverager

Rhino is no stranger to Lemonade.

Posted: May 02, 2025

Plymouth Rock partners with NJBIA

coverager

Plymouth Rock is an auto and home insurance provider in the Northeast.

Posted: May 02, 2025

Trupanion’s Landspath is in advanced incubation

coverager

The pet insurer also reported a monthly average profit per pet of $9.15.

Posted: May 02, 2025

Hawaii Lawmakers Pass HECO Bill to Invest in Wildfire Mitigation

Insurance Journal

Hawaii lawmakers this week passed a bill intended to help shore up Hawaiian Electric Co.’s credit rating despite strong opposition from House and Senate committee chairs who helped vet the measure. The bill would impose a new fee on HECO &#8230...

Posted: May 02, 2025