November 19, 2020
Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second quarter related to the coronavirus and the steep economic decline, according to a report published by Moody’s Investors Service. Indeed, …
November 19, 2020
Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by underwriters who still believe in the value of long-term relationships …
November 18, 2020
The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the percentage of Black or African-American employees in the insurance …
November 18, 2020
Despite education programs and state laws, phone-based driving distraction is still on the rise—and is likely responsible for far more accidents than widely reported, says a new study from Cambridge Mobile Telematics (CMT). CMT’s analysis of 54 million trips recorded …
November 17, 2020
The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information Institute (Triple-I) report. “All things being equal, …
November 16, 2020
Independent insurance agents and their carrier partners face strong headwinds in their efforts to maintain their dominance among distribution channels due to increased competition and evolving consumer expectations, according to new research. According to the J.D. Power 2020 U.S. Independent …
November 13, 2020
Hurricanes are keeping their staying power longer once they make landfall, spreading more inland destruction, according to a new study. Warmer ocean waters from climate change are likely making hurricanes lose power more slowly after landfall, because they act as …
November 13, 2020
The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM Best report. With its Best’s Special Report, “Professional Liability …
November 10, 2020
A new study from the California Workers’ Compensation Institute shows the steep drop in the number of inpatient hospitalizations involving injured workers in the state over the past decade was largely due to the ongoing decline in spinal fusions and …
November 10, 2020
Despite Trump administration efforts to erect a protective shield around nursing homes, coronavirus cases are surging within facilities in states hard hit by the latest onslaught of COVID-19. An analysis of federal data from 20 states for The Associated Press …