J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. “A perfect storm of record-high replacement costs, increased frequency and …
According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber premium price increases of an average 27.5% during the first …
To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s Investor Service. The rating agency said insurers have been “raising …
There’s no question Hurricane Andrew was a wake-up call for the industry. The event paved the way for catastrophe models to revolutionize the way (re)insurers quantify, price, transfer, and manage catastrophe risk. Prior to the adoption of catastrophe models, (re)insurers …
An employee clicks an unsuspecting email link encrypting your files which can only be opened by paying a ransom for the key. Someone uses information on social media to pose as the agency principal and authorize the transfer of a …
A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure their insurance coverage is keeping pace with …
A new study by Travelers of workers’ compensation claims found that 35% of injuries occur during employees’ first year on the job, regardless of age or industry experience. “Our data underscores the importance of comprehensive onboarding and training programs for …
Tough Insurance Market Remains as COVID Restrictions Ease The upcoming summer months promise to bring a resurgence of festivals, concerts, and community events after the COVID-19 pandemic effectively shut down the live entertainment industry for the past two years. Pent-up …
Compliance in the cannabis industry presents a different challenge in every state, with almost countless regulations and considerations waiting to upend operators and those who work to insure them along the entire supply chain — licensing, equipment testing, distribution and …
Every minute of the day in 2020, Google conducted 5.7 million searches, Twitter saw 575,000 tweets, Facebook logged 44 million views and TikTok users watched a whopping 167 million videos, according to research from cloud-based operating system DOMO. We are …
