Insurance Journal
Maine has approved the insurance industry’s filing that will lower workers’ compensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of April 1, 2025. According to Sup...
Posted: Apr 07, 2025
Nearly three months after two wildfires destroyed thousands of homes in the Los Angeles area, officials said the death toll from the blazes had reached 30. A team responded last week following a report of possible human remains at a …
Posted: Apr 07, 2025
The average woman working in the UK financial sector earns about a fifth less than their male colleagues, a reflection of how the gender pay gap has stubbornly persisted even during a period when businesses pledged to address workplace inequity ̷...
Posted: Apr 07, 2025
Twenty staffers at a suburban Philadelphia charter school are facing charges related to the alleged physical abuse of students using painful, unapproved techniques to restrain and punish youths in a program meant to help them deal with emotional issu...
Posted: Apr 07, 2025
Builders & Tradesmen’s Insurance Services Inc. promoted Jessica Keefe to senior vice president and head of operations. Keefe has more than 20 years of experience in compliance, operations optimization and strategic business growth. Keefe jo...
Posted: Apr 07, 2025
This post is part of a series sponsored by Expert Insured. MGA and wholesale insurance operations are notoriously complex—dozens of moving pieces spread across disconnected tools, email inboxes, and outdated software. From intake and underwriting to...
Posted: Apr 06, 2025
By Chad Hemenway Policy discussions on the use of artificial intelligence in insurance are ‘unfounded’ and ‘detrimental to policyholders,’ according to an analysis from the National Association of Mutual Insurance Companies (N...
Posted: Apr 06, 2025
The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association...
Posted: Apr 06, 2025
By Jahna Jacobson Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Poweris†2025 U.S. Property Claims Satisfaction Study†align with todayis climate of increasing...
Posted: Apr 06, 2025
In the world of mergers and acquisitions (M&A), key person life insurance is often a given; most deals account for it to protect against the unexpected loss of a key executive. But what about the ìwhat ifsî? What if the …
Posted: Apr 06, 2025
By Andrew G. Simpson The National Transportation Safety Board (NTSB) is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners...
Posted: Apr 06, 2025
By L.S. Howard Reinsurance renewal rates continued dropping during January renewals, but U.S. property/catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from Moodyis Ratings. ìThe upcomin...
Posted: Apr 06, 2025
For many years, agents and brokers have advised clients about the benefits of telematics in reducing commercial auto risks. So, why havenit market conditions improved, and why is distracted driving still so prevalent? The answer comes down to follow-...
Posted: Apr 06, 2025
PART ONE OF A TWO-PART SERIES At 4:58 a.m. on Jan. 8, the Watch Duty app buzzed: Evacuate. By Russ Banham It was pitch black in the house and the power was off. The Santa Ana winds were howling. As …
Posted: Apr 06, 2025
By Andrea Wells Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to see rate reduc...
Posted: Apr 06, 2025
By Denise Johnson Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300 insurance p...
Posted: Apr 06, 2025
In recent months, the Wall Street Journal has published long articles regarding how expensiveoto the point of not being affordableohomeowners and auto insurance have become. Insurance companies should not be so confident that raising rates significan...
Posted: Apr 06, 2025
Architects and engineers professional liability insurers report concerns about the persistent effects of inflation on claim expenses, uncertainty about the U.S. economy, higher risk project types and professional design disciplines, as well as new ex...
Posted: Apr 06, 2025
Navigating DEI Legally: Emphasizing Equity Without Legal Pitfalls The debate over what constitutes ìillegal DEIî has intensified following recent executive orders from the U.S. president. The orders instruct federal agencies to identify organizations...
Posted: Apr 06, 2025
Even if your concerns seem minor, donit disregard your gut instinct. If you are worried about actions or behaviors from the recruiter youire working with, remember that they are doing the same thing with candidates, which is problematic because candi...
Posted: Apr 06, 2025
Rising medical costs and economic uncertainty are stressing out today’s workforce. That’s according to MetLife’s 2025 U.S. Employee Benefit Trends Study which revealed a decline in employees’ holistic health (-5%), productivit...
Posted: Apr 06, 2025
Directors and officers (D&O) coverage is critical for any organization that is governed by a board of directors. It provides coverage for those decisions that the board makes in good faith for the benefit of the organization. They need this ̷...
Posted: Apr 06, 2025
By Chad Hemenway For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best in a ìFirst Lookî at U.S. P/C financial results said the industry left 2024 with a …
Posted: Apr 06, 2025
Historically, triple net leases have been used for long-term leasing of larger properties, but increasingly they have been prescribed for smaller and/or short-term leasing arrangements, including rentals of individual offices or sections of buildings...
Posted: Apr 06, 2025
Independent insurance agency owners take pride in being there for their clients. Itis a badge of honorobeing the one who always picks up the phone, always answers the email, always makes the time. But in trying to be available for …
Posted: Apr 06, 2025