The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there are signs of improvement, according to analysts at S&P Global Ratings. S&P notes that the COVID-19 pandemic has already caused …
Three Californians have been charged with multiple felony counts of insurance fraud and forgery for allegedly filing fraudulent insurance claims on a former employee’s policy and intercepting insurance checks to receive undeserved payouts. Luis Manuel Burgos, 47, of Fresno, self-surrendered …
Nearly 60% of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they’re concerned about rising insurance rates, according to a new QBE …
A former student at a high school in Washington state who survived a school shooting is suing the district for what she claims was a preventable attack. The mass shooting killed four students and the gunman in 2014. Carmen Lopez, …
As merger and acquisition consultants, we wonder how long unusually high EBITDA multiples will be paid by buyers. Most of our insurance agency clients have not seen dramatic losses of commissions and fees during COVID-19, mostly because of not having …
A Denver, Colo., judge awarded $40,000 to a woman after a man she dated sent a sexually-explicit video of her to her estranged husband. The woman’s attorney says it is the first trial victory under Colorado’s “revenge porn” law. The …
As with most industries in a COVID world, the excess and surplus lines industry had to shut down its signature in-person networking event scheduled for Sept. 10-17, 2020. Instead the Wholesale & Specialty Insurance Association (WSIA) made plans to go …
The Workers’ Compensation Insurance Rating Bureau of California has submitted its Jan. 1, 2021, pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are on average 2.6% above the average approved Jan. 1, …
U.S. property/casualty insurance underwriting income dropped 5.5% in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 costs are to blame, according to an A.M. Best report. A.M. …
The California Department of Insurance has launched remote testing for license examinations, designed to provide more flexibility and opportunities to thousands of insurance license candidates in light of existing COVID-19 social distancing requirements and local public health orders. The CDI …
