Company cites challenging macroeconomic trends for the changes The post Credit rating actions announced for Allstate and its subsidiaries appeared first on Ethan's Blog Read More

Chief executive lifts the lid on first-half financials The post Why QBE’s chief executive calls half year “disappointing” despite profit surge appeared first on Ethan's Bl… Read More

By Mary Sams, Senior Research Analyst, Triple-I Impact Re Ltd. – a member-owned captive fronted by Zurich North America – brings together companies from a variety of industries t… Read More

Key leadership team appointment announced The post QBE enjoys profit surge in half-year results appeared first on Ethan's Blog Read More

Why insurance CEOs are going big The post Transformational deals on the rise as insurance bucks M&A slowdown appeared first on Ethan's Blog Read More

TCPA violations can cost millions, and the insurance business is not immune The post Robocall claims on the up, but many under-insured appeared first on Ethan's Blog Read More

Rental business insurance is a broad type of coverage for the items you rent out. But which policies do you need? Check out this article to learn more The post Rental business insurance: a… Read More

Expert raises a warning on ‘unpredictable’ development The post Generative AI in insurance to take off within 12-18 months: expert appeared first on Ethan's Blog Read More

By Max Dorfman, Research Writer, Triple-I Poor personal lines performance will keep the U.S. property/casualty insurance industry’s underwriting profitability constrained for at least… Read More

There are many types of business insurance you can purchase. But which ones suit your needs? Read on and find out how each coverage works The post 12 types of business insurance policies yo… Read More

Company saw strong financial performance, CEO says The post AIG announces Q2 results appeared first on Ethan's Blog Read More

Finding good life insurance leads is the most important element of a successful sales career. But where can you find the best ones? Read on and find out The post What are the best ways of f… Read More

Its reinsurance arm saw double-digit growth The post Aon reports 7% revenue rise in Q2 appeared first on Ethan's Blog Read More

Current policies will not be renewed after December The post Liberty Mutual to halt business owners policies in California appeared first on Ethan's Blog Read More

Workers compensation insurance provides for the cost of medical care, rehabilitation, and wage replacement for injured workers and death benefits for the dependents of persons killed in work… Read More

If your tools and equipment are essential to keep your business running, then you can benefit from tool insurance. Find out how this policy works The post Tool insurance: everything you nee… Read More

CEO and chairman hails ‘outstanding quarter’ The post Chubb unveils quarterly results appeared first on Ethan's Blog Read More

Specialty and global placement president also confirmed The post Marsh appoints two presidents appeared first on Ethan's Blog Read More

CEO discusses challenges in getting proper insurance coverage for freight companies The post What are the biggest risks facing the cargo industry? appeared first on Ethan's Blog Read More

If your employer is unable to accommodate work restrictions following a job-related injury, there are certain steps you can take. Find out what these are The post What if an employer cannot… Read More

A workers’ compensation lawyer can get you higher settlements, but the process can be tedious and time-consuming The post Workers’ compensation lawyer: pros and cons of hiring o… Read More

By Max Dorfman, Research Writer, Triple-I The average claim payment per insured personal vehicle rose between 2002 and 2022, with higher payments by insurers more than offsetting declines in… Read More

Market faces a “rough patch” The post Law enforcement proves a problem for insurers appeared first on Ethan's Blog Read More

It is mandatory for businesses to get workers comp insurance in Florida. Find out how you can access coverage and what benefits are covered in this guide The post What you need to know abou… Read More

Project includes migration to the cloud for 1500 contact centre agents The post Davies announces global digital transformation project with Sabio appeared first on Ethan's Blog Read More

The sector’s biggest publication scores the industry’s biggest honours The post Insurance Business secures numerous industry awards appeared first on Ethan's Blog Read More

“It’s people, process, and technology” The post Understanding operational risk — expert on the current landscape appeared first on Ethan's Blog Read More

State faces “a very rough situation” The post What Farmers Insurance’s exit means for Florida insurance market appeared first on Ethan's Blog Read More

Farmers Insurance threatened with investigation, fines over exits The post Florida CFO: We will hold “Bud Light of insurance” Farmers accountable appeared first on Ethan's Blog Read More

By Max Dorfman, Research Writer, Triple-I Economic turbulence, political unrest, climate catastrophes, and the aftermath of a global pandemic are just a few of the forces demanding that ever… Read More

By Mary Sams, Senior Research Analyst, Triple-I “Embedded insurance” – often described as “B2B2C insurance” – has long been touted as a path toward innova… Read More

“You can out-maneuver the market”, he says The post Florida insolvencies to continue, but Slide sees “real opportunity”– CEO appeared first on Ethan's Blog Read More

Reinsurance transaction revealed The post QBE reports full-year financial results appeared first on Ethan's Blog Read More

Florida Gov. Ron DeSantis’s proposed insurance fraud and legal system abuse reforms, announced this week for consideration during the legislative session that begins in March, would bu… Read More

Specialist insurance provider and cyber leader CFC has announced the introduction of policy encryption for its cyber insurance policies. According to a press release from CFC, this makes it… Read More

Legislation being considered in Illinois underscores the need for legislators and other policymakers to become better educated about the importance of risk-based pricing and how it works. Th… Read More

Founded in 2015, Roadzen uses advanced AI to provide data that enables insurers to build auto insurance products. The company has grown to $9.8 million in total consolidated revenue for the… Read More

“The one thing we need to recognize first and foremost is that the underlying motor carrier form (of insurance) which is traditionally used by most of the writers of transportation in… Read More

In 2022, agents were increasingly likely to see wholesale brokerages, MGAs, and the specialty markets as a preferred partner, and this represented a dramatic change from 2021. “As we&r&hell…Read More

Tune in to all the latest news including Allianz donating €6 million after Turkey-Syria earthquake The post Insurance – the week in review Feb 6-10 appeared first on Ethan's Blog… Read More

Triple-I fields a lot of questions from consumers and the media as to exactly how inflation affects insurance premium rates. As we explain in a new Issues Brief, the relationship between inf… Read More

“A managed service provider is viewed as an outsourced IT department,” said Eugene Eychis (pictured), Underwriting Director for Cyber & Tech at Tokio Marine HCC – Cybe… Read More

Moderating inflation and replacement costs provide glimmers of hope for property & casualty insurers, but underwriting profitability will remain a challenge for most lines of business fo… Read More

“Historically, we’ve not done a great job of branding insurance as an industry of choice,” Grant said. “As a result, there’s a misconception among job seekers… Read More

Our annual Global Best in Insurance report recognizes all of the insurance award winners from this period. The list provides a definitive collection of those who have delivered outstanding… Read More

Lockton Re has recruited Matthew Silley as a broker in the cyber practice of its specialty division. He joins from Axis Capital, where he is cyber portfolio management lead. Silley brings to… Read More

As many countries continue to grapple with rising inflation and the ripple effects of geopolitical conflicts, property risk is in a state of flux, and risk managers should be proactive and a… Read More

Click here to catch up on any Dive In 2022 events you missed Looking back at where the roots of his own interest in DE&I first took hold, he noted that it had been obvious to him for se… Read More

Florida legislation proposed last week would prevent the state’s motorists from assigning their legal rights in auto insurance claims to repair shops.   Assignment of benefits (AO… Read More

The insurer saw net income of $5.3 billion for the full year, down from $8.5 billion in 2021. The insurer released its results on Tuesday, reporting consolidated net written premiums of $41… Read More

Mark Lyons has been fired by American International Group (AIG), two weeks after being appointed as the insurer’s interim chief financial officer. Earlier this month, Lyons – who… Read More

By Loretta L. Worters, Vice President, Media Relations, Triple-I Forget the stereotype of the boring door-to-door life insurance salesperson – aka Ned Ryerson from the movie Groundhog… Read More

Oliver Wyman, a management consulting business of Marsh McLennan, has appointed Souheil Moukaddem (pictured above) as global head of its cyber risk platform. Moukaddem will oversee the devel… Read More

Zurich Resilience Solutions (ZRS), the commercial risk advisory and services unit of Zurich Insurance Group, has partnered with climate services provider and carbon project developer South P… Read More

Blockchain has the potential to create an environment of trust for insurers by providing a network with controlled access and a way to share valuable information securely, according to Marl… Read More

Three anti-crime organizations have asked YouTube to take down all videos that teach people how to steal Kia and Hyundai automobiles. The organizations – the National Insurance Crime B… Read More

“Not only is it incredibly disruptive for the airlines and global air infrastructure, it’s also a nightmare for consumers because they’re not where they want to be,”… Read More

Speaking to Insurance Business from New York last Friday, Skyward CEO Andrew Robinson (pictured top) confirmed that all the business’s staff were set to benefit through shares. &ldquo&helli…Read More

According to the Daily Star, Nicholas Di Puma tried to put out a fire from a burning pan with a dishrag, but it also caught fire, so he took the pan and threw it out of his front door. Unfor… Read More

Inflation, interest rates, and recession will dominate the U.S. economic narrative in the first quarter of 2023, shifting in the second and third to a focus on timing of recovery and a more… Read More

By Max Dorfman, Research Writer, Triple-I It’s Cyber Security 101: Multi-factor authentication and hard-to-crack passwords are table stakes for preventing incursions. Nevertheless, &ld&hell…Read More

Professional indemnity (PI) coverage is a type of business insurance policy that protects companies against claims of financial losses resulting from alleged or actual negligence during the… Read More

This type of coverage allows aspiring homeowners to get approved for a loan with as low as 3% down payment. The insurance helps you secure the loan with the backing of the insurance agency p… Read More

“Earlier on, we were seeing a rise in levels of productivity. I think that there probably was some novelty in getting to work from home and having that newfound freedom and autonomy… Read More

At least 17 people have died after a parade of atmospheric rivers slammed into California, causing what the governor’s office has described as catastrophic damage. As of Tuesday, 41 o… Read More

In the past few years, business interruption (BI) has been one of the hottest topics in risk management. In 2020, the spread of COVID-19 and resulting lockdowns and travel restrictions had a… Read More

Lawton-Bryce has 17 years of experience in the insurance industry, having held roles across operations, change and IT. She joined Markel in August 2021 as wholesale operations director. Pri… Read More

“We believe we can collect 100% of our judgment against Tokio Marine and the reinsurers in the United States, and we intend to proceed not only to judgment, but, if necessary, with co… Read More

Chairing the event, Paul Smith, corporate senior vice president, carrier relations, HW Kaufman Group, likened the ability of wholesalers and carriers to field submissions to internet bandwi… Read More

By Max Dorfman, Research Writer, Triple-I Rising thefts of catalytic converters – driven, at least in part, by increased black-market prices for the motor vehicle pollution-control com… Read More

Retail agents beware, taking a “shotgun approach” to submissions will not be tolerated in today’s hard market, at least not in Burns & Wilcox’s personal insurance… Read More

Since time immemorial, regulation has always been playing catch-up to innovation. With digital technology pushing innovation to unprecedented speeds, regulations and the need for compliance… Read More

As part of the acquisition, in which the terms were undisclosed, all of HMS’s 120-plus employees – including president Gary L. Berger – will join MMA and work in the Hunt… Read More

RIMS, the risk management society®, has appointed Jennifer Santiago as its president for 2023, effective January 01. Santiago has been a RIMS member for more than 15 years, serving on it… Read More

But if there’s any industry that can take risks and downsides and turn them into opportunities, it’s insurance. Chief executives of several insurance and insurtech organizations… Read More

“Insurance is a very logical industry. It is risk based, analytical, and built on detailed processes and procedures. But it’s important for that analytical mindset to be complem… Read More

The average annual auto insurance premium across the country is $1,442, according to U.S. News’ analysis. Anything at that price point or below can be considered cheap car insurance. U… Read More

In this article, Insurance Business explains how dental insurance works to help consumers find the best policies that suit their budget and oral health needs. This can serve as a useful guid… Read More

Insurance Business digs deeper into this form of coverage in this part of our client education series. We will discuss what renters’ insurance covers and what it doesn’t, explain… Read More

In this article, Insurance Business examines how this crucial financial tool works in the different regions that we cover, what types of benefits it brings, who needs coverage the most, and… Read More

An essential part of an insurance contract, a deductible is the amount the policyholder agrees to pay out of pocket before the insurer shoulders the cost of coverage. One important thing to… Read More

A new data-reporting mandate the U.S. Treasury Department’s Federal Insurance Office (FIO) is considering imposing on certain property/casualty insurers raises a variety of concerns bo… Read More

Officials said there had been “widespread damages” to Humboldt County infrastructure and it was not immediately known if any injuries had occurred, USA Today reported. The quake… Read More

Among the themes running through Triple-I’s 2022 Joint Industry Forum (JIF), a dominant one was the growing importance of predicting and preventing losses, versus the property/casualty… Read More

“The issues in Florida’s property insurance market did not occur overnight, and they will not be solved overnight,” DeSantis said. “The historic reforms signed today… Read More

By Max Dorfman, Research Writer, Triple-I At JIF 2022, a panel assembled to discuss the importance of diversity, equity, and inclusion (DEI) in the insurance industry. Jennifer Kyung, Proper… Read More

Having no opportunities to grow and develop is a huge stressor for many employees, said Dan Terner, co-founder and COO at GrowthSpace. “If you look at employees who go back home and t… Read More

By Max Dorfman, Research Writer, Triple-I Florida took center stage at JIF 2022, as a group of panelists discussed growing courtroom costs and the rise of legal system abuse. “Legal sy… Read More

With the effects of climate change now at the forefront of public consciousness due to growing natural catastrophe losses, the risk and insurance industries are working towards making develo… Read More

“Predictive analytics has now become table stakes for carriers. They are using all the right components [to implement STP],” said Marr. “The next big leap is for the insur… Read More

It’s a positive sign shining light into a tumultuous market, which in 2023 will continue to face capacity challenges “driven by increased demand, two-plus years of significant p… Read More

It’s a new day for wildfire safety in California. I am requiring insurance companies to give discounts to homes & businesses under our new #SaferfromWildfires regulation. My reg… Read More

By Max Dorfman, Research Writer, Triple-I Insurance groups argue that new laws in California and New Jersey that raise the minimum auto liability coverage required for drivers may cause pric… Read More

“We saw a long-term trend of workers’ comp continually getting better. Frequencies has come down for many, many years now, while employer safety has improved consistently. But th… Read More

Catch up on all the latest news including Zurich charitable arm reveals Urban Climate Resilience Program The post Insurance – the week in review Dec. 5-9 appeared first on Ethan's Blo… Read More

Photo credit: Don PollardState Farm CEO Michael Tipsord discussed a wide range of insurance industry issues and trends with Triple-I CEO Sean Kevelighan at Triple-I’s 2022 Joint Indust… Read More

On the flipside, customers felt the most satisfaction over the quality and reliability of their insurer’s mobile app, with both benchmarks yielding a satisfaction level of 83%. This w… Read More

Photo credit: Don PollardBy Max Dorfman, Research Writer, Triple-I Insurers are expected to post an underwriting loss in 2022, following four years of modest underwriting profits, according… Read More

The regulation’s scope encompasses all sectors (except for military) and aims to introduce a common regulatory and legal framework for AI, ensuring that all AI systems are safe and re… Read More

Photo credit: Don Pollard Cyber criminals continued to shift their tactics and adapt their techniques in 2022, according to experts speaking at the Triple-I Joint Industry Forum (JIF) last… Read More