Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS November 18, 2024 Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The...
4 Charged in $10 Million No-Fault Insurance Fraud Scheme November 18, 2024 Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent...
AI Revolution in Insurance: Opportunities and Legal Pitfalls November 18, 2024 By Marc Jacobs The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it....
Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2% November 18, 2024 Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row,...
Global Reinsurers’ ROE Jumps to 22% in 2023 but Market Softening Unlikely: AM Best November 18, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year...
OPTIS: Insurance Agency M&A Down 10% This Year November 18, 2024 By Chad Hemenway The total number of insurance agency mergers and acquisitions as of the end of September was down 10% from the...
Changing the Focus of Claims, Data When Talking About Nuclear Verdicts November 18, 2024 By Ezra Amacher The topic of nuclear verdicts took center stage at this year’s Target Markets Annual Summit in Scottsdale, Arizona, where a...
GAO Urges OSHA to Address Ergonomic Hazards in E-Commerce Warehouses, Deliveries November 18, 2024 The federal Occupational Safety and Health Administration (OSHA) must do more to address ergonomic hazards at warehouses and delivery companies,...
What to Know About Deductibles After Multiple Florida Hurricanes November 18, 2024 By Patrick Wraight Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels November 18, 2024 By Chad Hemenway Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all...