The construction industry continues to see a wave of new projects, creating plenty of work for architects and engineers. While design firms experience growth amid an expanding market, insurers providing architects and engineers (A/E) professional liability coverage are becoming more …
Louisiana Insurance Commissioner Jim Donelon announced that he will not run for reelection this fall, marking an end to 17 years as the state’s chief insurance regulator. “I’ve made that decision for two reasons: The first is to remove politics …
During a webinar about an insurance industry labor market survey, an industry recruiter said insurance carriers are losing ground to managing general agents in the war for talent. “On the property and casualty side, primarily in the commercial space, it’s …
NEW ORLEANS (AP) – A jury’s decision that a Louisiana State University fraternity pledge’s family is entitled to $6.1 million for his hazing-related alcohol death in 2017 sends a powerful message, the family’s attorney said. Max Gruver, from the Atlanta …
The U.S. Equal Employment Opportunity Commission (EEOC) released its report on the agency’s performance during the 2022 fiscal year (FY). The report highlights the EEOC’s efforts that advance its mission for equal employment opportunity, and focuses on several major areas …
Florida Gov. Ron DeSantis raised some questions when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a major hurricane. The head-scratching comments came March 17, …
The habitational market has seen more than its fair share of challenges, with many insurers cutting capacity or leaving the market in recent years. While the multifamily affordable housing market — a niche habitational category — shares many of the …
Consolidation of physician services into larger groups owned by hospitals and health care systems is driving up the cost of care in workers’ compensation, according to a new study by the Workers’ Compensation Research Institute (WCRI). “Medical markets are increasingly …
In the highly competitive world of property/casualty insurance, building a strong referral network is key to success. Referrals are an effective way to generate new business, as they come from satisfied clients who are willing to recommend your services to …
U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). The …
