Insurance Journal
With Donald Trump due on the witness stand this week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of …
Posted: Nov 06, 2023
A teacher who was shot by her 6-year-old student in Virginia can press forward with her $40 million lawsuit against a school system over claims of negligence by school administrators, a judge ruled Friday. The surprise decision by Newport News …...
Posted: Nov 06, 2023
CHESHIRE, CT., November 6, 2023 — In a testament to its unwavering commitment to excellence and sound financial practices, HAI Group’s Financial Strength Rating (FSR) of ‘A’ and Issuer Credit Rating (ICR) of ‘a+’ were re...
Posted: Nov 06, 2023
This post is part of a series sponsored by IAT Insurance Group. Bobbie Goldie interviews subject matter expert and EVP, Joe Tracy, on IAT’s Inland Marine, Property & Aviation unit. Watch along to learn more about trends, insights, and a ...
Posted: Nov 06, 2023
Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally performed well. Berkshire Hathaway said Saturday that &...
Posted: Nov 06, 2023
By Allen Laman Rusty Reid joined Higginbotham as the independent insurance agency’s twelfth employee in 1986. Today, about 2,800 of the company’s employees serve thousands of customers at more than 100 offices across 16 states. Those same...
Posted: Nov 05, 2023
By Allen Laman When Chip and Ted Gibson got the keys to Deland, Gibson Insurance Associates in 2020, the brothers took over what Chip described as “a great shop.” Three generations of their family members had guided the independent agency...
Posted: Nov 05, 2023
By Andrea Wells Fewer agencies reported increases in premium on their agency errors and omissions renewal policies from 2022 to 2023, according to Insurance Journal’s annual Agency E&O survey which polls buyers of the coverage on pricing an...
Posted: Nov 05, 2023
Hardly a day passes without another shattered clima te record. July 2023 was the hottest month to date. Temperatures off the coast of Florida broke 100°F, signaling a longer and more severe hurricane season. Fires from Canada choked half the …
Posted: Nov 05, 2023
The number of record-breaking statistics related to natural disasters in recent years is eye-opening to the impact of climate change and the urgent need for the U.S. to invest in stronger mitigation, adaptation, and resilience efforts. In 2023, betwe...
Posted: Nov 05, 2023
The insurance industry, like any other, experiences economic cycles that can significantly impact growth. These cycles are often a reflection of broader economic trends. While the insurance industry typically refers to the marketplace as being hard o...
Posted: Nov 05, 2023
Insurance is a business of relationships. Even as our industry has added on new technology designed to support remote work and risk assessment, at the end of the day, nothing is more important in our business than person-to-person interactions and &#...
Posted: Nov 05, 2023
I work in talent acquisition within the insurance industry. We have had job openings that we’ve been unable to fill for months, and I’m getting worried with the end of the year coming up. When is it time to reach …
Posted: Nov 05, 2023
By Jahna Jacobson Sherri Gjermo, CEO of Greater Insurance Service Inc., is the second generation of leadership in the family business. And the third generation is already waiting in the wings. Founded in 1974, the Madison, Wisconsin-based agency was...
Posted: Nov 05, 2023
In the dynamic world of insurance, producers — commonly known as agents or brokers — stand at the intersection of client needs and the array of insurance products available. They not only drive sales but also shape the face and …
Posted: Nov 05, 2023
By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global insured …
Posted: Nov 05, 2023
Small business owners are optimistic about their future with 71% expecting revenue increases in 2024, according to Q3 2023 MetLife & U.S. Chamber of Commerce Small Business Index. The survey found that 42% of small businesses say they plan to ...
Posted: Nov 05, 2023
By Chad Hemenway Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the physical dama...
Posted: Nov 05, 2023
By Ezra Amacher The transportation market is experiencing lower freight rates and excess capacity as fewer loads are shipped with demand for goods down from its pandemic-era peak. The trucking sector in particular is encountering challenges, includin...
Posted: Nov 05, 2023
By Jahna Jacobson At Energy Insurance Agency in Lexington, Kentucky, creating a great place to work is at the core of the agency’s success. The company’s family-friendly policies, personal attention to employees, opportunities for advance...
Posted: Nov 05, 2023
By Jahna Jacobson Crest Insurance Group offers its employees the freedom to succeed. “Our entrepreneurial structure enables teams and individuals to achieve higher levels of success than they would achieve in a more highly structured or rigid c...
Posted: Nov 05, 2023
CHICAGO (AP) – A jury in Illinois has ordered Chicago-based Conagra Brands to pay $7.1 million to a Pennsylvania woman who was badly injured in 2017 when a can of commercial brand cooking spray ignited in a kitchen at her …
Posted: Nov 03, 2023
Ohio law must be used to resolve an insurance dispute involving a polluted site in Michigan caused by manufacturing companies based in Ohio and Indiana, the Ohio Supreme Court ruled Wednesday. The 5-2 decision may force Travelers to turn over …
Posted: Nov 03, 2023
In December 2022, before much was known about how McClenny Moseley & Associates in Houston was able to set up shop in New Orleans and sign-up thousands of Louisiana clients in less than a year, US District Court Judge James …
Posted: Nov 03, 2023
Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company’s chief executive said financial lines offset growth. AIG’s third quarter und...
Posted: Nov 03, 2023