Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter 2023 earnings conference call that the large majority of Chubb’s personal insurance …
The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we’re doing DEI, how we’re doing it — and how we can do it better. Bill Ackman and Elon Musk have pilloried …
Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter 2023, led by an 11% increase in property rates. The Marsh Global Insurance Market Index said it was the 25th …
Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data collected from ransomware leak …
Four-year degree required. It’s been a standard part of job descriptions in the insurance industry for the better part of the past two decades. Now, it’s time for an overhaul. The college degree prerequisite, which is well intentioned, creates a …
There has been a somewhat return to normal when it comes to insurance agency mergers and acquisitions, with traditionally active buyers preferring to remain inactive to focus on integration of agencies they’ve already acquired. According to the M&A database of …
Based on my reading, most employers appear to prefer employees to be in the office. And yet, most white-collar employees seem to prefer working from home, at least for a material portion of the time. Quite a conundrum exists, and …
Workers’ compensation insurance is one of the costliest aspects of a construction project that carriers, construction managers, and businesses face. According to Insureon, construction carries the highest workers’ compensation costs of any industry, and as a result, the agents and …
No matter the business, customer referrals are always a welcome way to expand client bases and build trust within the marketplace. This is certainly true within the insurance space, where it is common practice for producers to incentivize friends, family …
As we continue into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a December 2023 webinar. Jeff Rieder, partner and …
