No other industry has weathered a global pandemic, economic changes, and a decade-long shortage of skilled labor better than the construction industry. Contractors have shown they are a hardy bunch, adapting to a hard insurance market, supply chain disruptions, skilled …
The role of the independent agent and broker is changing along with the construction sector. Going forward, construction clients need a specialist that understands the risks. This is not a segment for generalists, construction insurance specialists say. “I think there …
June 1 marked the beginning of the Atlantic hurricane season — one that is expected to be above average in terms of named storms and hurricanes. Insurance Journal used the occasion to speak with Karen Clark, founder of catastrophe modeling …
A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance market “continued to correct” during the first half 2022, …
Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2 billion underwriting gain in 2020 …
Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance (LPLI) claim of more than $50 million in the last two years — and at least one paid a claim …
For a long time, the burden to prove the concept of work-from-home fell on the job seeker with much of the interview process spent on questioning whether this individual could be successful. Today, remote jobs are so prevalent and necessary …
Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer Markel UK. And perhaps the ongoing …
Today’s insurance industry has evolved significantly from when I first joined USAA 24 years ago. The idea of conversations around the concept of allyship was unlikely, even as recently as 10 or 15 years ago among industry leaders. While allyship …
About $33 million of the $1 trillion bipartisan infrastructure plan recently signed into law by President Joe Biden will go toward cleaning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land, the nation’s interior secretary …
