As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer want. It’s affecting large and small commercial lines business …
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share across the U.S., according to an issues …
Everyone in the insurance industry knows that 2023 has become one of the hardest markets in decades, across the board. In a panel discussion — No One Said it Would be Easy. Navigating the Current Hard Market — held recently …
The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire added an air of legitimacy to the insurance claim. For sure, homeowners sometimes resort to arson, but who would be …
The #1, MOST IMPORTANT recruiting tool is one most insurance agencies and carriers don’t use to its fullest potential is … (drumroll please!) … a candidate database. Applicant Tracking Systems (ATS) and Customer Relationship Management (CRM) software are virtually the …
An alleged “family and friend” organized auto insurance fraud ring in California was broken up by the Urban Automobile Insurance Fraud Task Force when seven people were arrested on Wednesday in connection to the case. In total, 23 individuals face …
In our modern world of rapidly advancing technology and complex corporate structures, it’s absurd to consider looking toward the distant past for insights. Yet, the Paleolithic or Stone Age era — characterized by early humans’ usage of stone tools and …
California regulators approved an expansion that will allow two rival robotaxi services to operate throughout San Francisco at all hours, despite safety worries spurred by recurring problems with unexpected stops and other erratic behavior. The state’s Public Utilities Commission voted …
Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements. Fueled primarily by aggressive tactics by plaintiffs’ attorneys, social inflation has caused …
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released by the Council on Criminal Justice. Continuing an upward trajectory, motor vehicle thefts have …
