The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM Best in a recent market report. As part …
As I have expressed on many occasions, I believe the myth that insurance is a commodity differentiated only by price is the greatest misconception perpetrated on the public. Sadly, most of the misconception comes from our own industry in the …
For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about 20 years ago, carriers, brokers and policyholders have reaped the benefits of soft market conditions. Policies were cheap, and they provided generous …
In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2021 data for property/casualty insurance companies. This data was utilized to classify …
New York, Miami, Tampa and New Orleans are the metro areas with the most single-family homes at risk of heavy damage from storm surge during hurricanes, according to a report released by CoreLogic, a property data analytics firm. Using housing …
Now that we’re halfway through the year, I assume a big planning session is on the horizon. I want to arm you with ways to start meaningful discussions about hiring and recruiting. Ultimately, these conversation starters should help you discover: …
Becoming truly digital is going to be a long, arduous, zigzag, stop-and-go journey for all companies involved with insurance commerce regardless of their role in the insurance ecosystem. Insurance commerce becoming truly digital is decades away from fruition. Very few, …
Flooding is the most pervasive among natural disasters. According to the Zurich Flood Resilience Alliance, floods affect more people globally than any other type of natural hazard and cause some of the largest economic and human losses. As highlighted by …
You may know the familiar adage from the real estate world that says new kitchens and bathrooms sell houses. Yet that’s only partially true. The deciding factor that determines which houses receive multiple offers and sell quickly vs. those that …
The Missouri Court of Appeals Western District has affirmed a $5.2 million judgment against Geico in a case involving a Jackson County woman who contracted anogenital human papillomavirus (HPV) during sexual encounters in a car insured by the company. Geico …
