Through my recent discussions with clients and carriers, it is clear to me that agencies are incurring substantially more errors and omissions (E&O) claims. A significant difference exists between the number of claims agency E&O carriers are seeing and the …
Many independent agents have watched with concern as a small number of high-profile banks have faltered during 2023. Just what does this shock to the banking system mean to independent agents and brokers throughout the country? The soundness of the …
Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952 million, down from $1.3 billion in 2021, said Triple-I. …
The United States lacks comprehensive cybercrime data and monitoring — leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office. Federal agencies included in the study noted that there is …
National Guy Carpenter, the reinsurance business of Marsh McLennan, announced the expansion of its Cyber team with a series of appointments and promotions. Matthew McCabe has been appointed managing director of cyber broking. He is based in New York. McCabe …
Titan Submersible “If there were aspects of the design or construction of this vessel that were kept from the passengers or it was knowingly operated despite information that it was not suitable for this dive, that would absolutely go against …
American workers are struggling. Employee stress has reached record highs. Symptoms and formal diagnoses of mental illnesses like anxiety, depression and PTSD are rising. Substance abuse disorders are up, too — as are suicide rates in some demographics. Understanding how …
Crop insurance is more than just a risk management tool for farmers — it is a vital component of the American agricultural sector, supporting price stability, promoting food security, strengthening rural economies, and reducing reliance on government aid. It’s also …
East World Insurance Associates, Bryant Asset Protection, B. R. Alexander & Co., The Mogil Organization Insurance broker World Insurance Associates LLC recently completed three acquisitions in the Northeast U.S. region. World Insurance acquired substantially all the insurance assets of Bryant …
With ample capital, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report indicates U.S. property and casualty (P/C) and reinsurers can absorb losses if a large hurricane makes landfall this year. Hurricane Ian was the only storm to touch down in …
