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AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Arrow Mutual Liability Insurance Co. AM Best said the cred...
Posted: May 20, 2024
In 2023, publicly traded health insurance companies in the US experienced continued growth, with total GAAP revenue increasing by 10.4% to $1.07 trillion. However, a new report from AM Best suggests that future profitability may face challenges as...
Posted: May 20, 2024
New York’s highest court has ruled that a doctor who was injured in a shooting at the hospital where he works cannot sue his employer, finding that his injuries arose out of his employment and are thus covered by workers’ …
Posted: May 20, 2024
Maine waterfrontMaine’s government will spend tens of millions of dollars to rebuild the state’s working waterfront communities after a series of devastating winter storms pummeled the state’s docks, wharves and coastal businesses....
Posted: May 20, 2024
A University of Hawaii study examining the health effects of last year’s deadly wildfires on Maui found that up to 74% of participants may have difficulty breathing and otherwise have poor respiratory health, and almost half showed signs of com...
Posted: May 20, 2024
Most parts of the U.S. are vulnerable to flood risk. Why aren't homeowners protecting their properties? The post
Posted: May 19, 2024
Where Next for Insurance Ecosystems? Ecosystems ClareCarroll1
Posted: May 19, 2024
The Financial Risk From Disputed Healthcare Claims Life & Health ClareCarroll1
Posted: May 19, 2024
The commercial surety market is booming in the U.S., thanks in part to federal infrastructure spending, which has triggered a steady flow of work for contractors—and an equally satisfying demand for commercial bonds.
Posted: May 19, 2024
Crandall’s experience includes serving as CMO of Navisite and SVP of Marketing at Optima Healthcare Solutions.
Posted: May 19, 2024
Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let them …
Posted: May 19, 2024
The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals primarily involved, or all the ev...
Posted: May 19, 2024
I see a lot of insurance agencies sink a never-ending amount of time and money into recruitment in the hopes it will solve the frustrations related to finding candidates and filling jobs. The problem with focusing too much on tools …
Posted: May 19, 2024
When the Federal Trade Commission (FTC) issued its final rule banning the use of most noncompete agreements, many insurance agents were naturally concerned by how the regulation might harm their businesses and the Big “I” heard from hundr...
Posted: May 19, 2024
"It's a challenge to instill the mindset that just because you're trying to help doesn't mean you aren't vulnerable to a lawsuit," says independent agent Ben Guttman. "Many people don't think about that, but recent cases have made many directors more...
Posted: May 19, 2024
The Idaho- and Oregon-based multi-state insurance provider to leverage core operations in the cloud to enhance efficiencies and agent and customer service and support growth.
Posted: May 19, 2024
A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much as $2.4 million in client settlement proceeds over the past decade, federal prosecutors said. Clyde J....
Posted: May 19, 2024
A retail giant, a space launch operation, a major food processor, the nation’s two biggest rideshare providers and a large healthcare system are among those entities marked as being among the most unsafe employers. The National Council for Occu...
Posted: May 19, 2024
By Jahna Jacobson Bringing more diversity to the insurance industry will take intentional, deliberate effort and teamwork. That’s the encouraging outlook from a panel of diversity, equity and inclusion (DEI) thought leaders that inspired the cr...
Posted: May 19, 2024
Editor’s note: The following article is a continuation of Part One, published in Insurance Journal’s May 6, 2024, issue in the Minding Your Business section. What is a mastermind group? A mastermind group is simply an alliance of two or &...
Posted: May 19, 2024
By Patrick Wraight You don’t have to look very far to understand that the gaming (gambling) industry in the United States is booming. What was only available for those who wanted to travel to Las Vegas or Atlantic City is …
Posted: May 19, 2024
2024 marks 50 years since Congress passed legislation codifying the tax benefits of employee stock ownership plans (ESOPs). Senator Russell Long, then chairman of the Senate Finance Committee, personally saw to it that ESOPs received favorable treatm...
Posted: May 19, 2024
Question: Are standard, admitted, insurance carriers relevant commercial markets? Arthur J. Gallagher stated in their 2020 10K that 50% of the total U.S. commercial property/casualty market is written through alternative markets. An Aon report severa...
Posted: May 19, 2024
Like all hotels, boutique hotels need multiple insurance coverages, including property coverage for boutique hotels that are refurbished historic properties.
Posted: May 19, 2024
Insurance Information Institute
NEW YORK, May 20, 2024 --The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselve...
Posted: May 19, 2024
While the overall number of wildfires per year is declining, the increasing size and intensity of fires have led to more property damage than ever before. The average fire size has tripled over the past 30 years, according to a …
Posted: May 19, 2024
The world can at times feel smaller and more connected than ever before. And though there are many tangible benefits to such intermingling of markets, people and products, potential risks nevertheless remain. With greater connectivity comes the incre...
Posted: May 19, 2024
By Andrea Wells Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic momentum may be...
Posted: May 19, 2024
When it comes to insuring the film and television industry, premiums that skyrocketed in 2020-21 have settled down, according to John Hamby, senior managing director, national entertainment practice leader, Risk Strategies/Dewitt Stern. “Rates...
Posted: May 19, 2024
Why would an investor ever instruct a chocolate company to sell less chocolate? The post Perspective |...
Posted: May 19, 2024
Distracted driving is a growing — and pernicious — cause of auto accidents, but a predict and prevent approach can help to stem the tide of losses. The post
Posted: May 19, 2024
As we try to address climate risk, natural infrastructure might be the answer to mitigating risk. The post Is Natural...
Posted: May 18, 2024
R&W insurance uptake is increasing — here’s why. The post Reps & Warranties Insurance Uptake Grows as...
Posted: May 18, 2024
Origami Risk's 2023 State of Risk Report reveals a gap between perceived risk readiness and actual risk management actions The post
Posted: May 17, 2024
Insurance Business Magazine - US
Posted: May 17, 2024
ATA Says Pot Reclassification Could Increase Trucking Industry Risks The American Trucking Ass...
Posted: May 17, 2024
Posted: May 17, 2024
Amidst heightened regulatory scrutiny and consumer vigilance, U.S. product recalls surged to a five-year high in Q1 2024, according to Sedgwick The post
Posted: May 17, 2024
MassMutual Ventures participated in the round.
Posted: May 17, 2024
AXA XL Promotes Riha as Chief Client & Distribution Officer, APAC & Europe AXA XL announced that Robert Riha has been appointed as chief client & distribution officer, APAC & Europe, effective July 1. In his new role, Riha will …...
Posted: May 17, 2024
Citing the stabilizing impact that legislative reforms have had on the Florida market, Security First Insurance Co. executives this week announced two residential property rate reductions of more than 5%. “For the first time in nine years, we&#...
Posted: May 17, 2024