The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for key commercial lines of coverage such as property catastrophe, commercial automobile, general and professional liability and medical professional liability. For …
Sometimes agency partners are your biggest advocates for growth, and sometimes they are the biggest resistor. I had a call with a majority owner the other day who told me, “Man, it’s time to get on with this thing. We’ve …
As the U.S. economy tumbled in March 2020 at the onset of the coronavirus pandemic millions of people were forced to leave their jobs. A year later, U.S. unemployment is at 6% in March 2021, down from 6.2% in February. …
Medical liability insurance premiums have begun an upward trend after holding more or less steady during the past decade, according to a new analysis from the American Medical Association (AMA). In 2020, during the height of the COVID-19 pandemic, more …
McKinsey analysts believe insurers focused on large one-off deals undertaken to scale their companies and those that stick to organic growth are both headed down unfruitful paths if outsized shareholder return is their success metric. In a report published in …
The number of cars on US roads is returning to normal as states ease COVID-19 restrictions, but that doesn’t necessarily mean claims frequency and severity will return to historic patterns. Metromile, a San Francisco-based pay-as-you-go auto insurer, expects a permanent …
Even the best laid plans can go awry in a disaster. For example, when Winter Storm Uri plunged into Texas in mid-February with unprecedented extreme low temperatures, and snow and ice that lingered for far too long, even organizations that …
There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s webinar in mid-April, How Insurance …
A Florida-based insurer with a strong presence in Louisiana and Texas is in receivership and being liquidated after Florida’s insurance regulator deemed it insolvent. The Florida Department of Financial Services in April was granted a consent order for liquidation, injunction …
The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and that related concerns about business interruption claims have become minimal. “I have never been more excited about The Hartford’s future,” …
