Insurance Journal

NOVEMBER 13, 2024

North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …

Risk 264

Risk Personal Property Casualty Insurance Commercial 264

Insurance Journal

SEPTEMBER 25, 2024

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

Marine 264

Marine Casualty Insurance Commercial Insured 264

Insurance Journal

JULY 14, 2024

By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007. Translating to …

Casualty Insurance 240

Casualty Insurance Underwriter Underwriting Liability 240

Insurance Journal

AUGUST 13, 2024

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …

Property Insurance 317

Property Insurance Casualty Insurance Insured Insurer 317

Insurance Journal

JULY 25, 2024

Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation losses for an asbestos installation company that went out of business more than 30 years ago, the South Carolina Supreme …

Casualty Insurance 278

Casualty Insurance Insured Insurer Insurance 278

Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium 277

Premium Casualty Insurance Underwriter Underwriting 277

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. points year-over-year improvement, with commercial lines continuing to outperform personal lines. represented a 2.3-points

Commercial 68

Commercial Underwriter Underwriting General Liability 68

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches. Hartford Casualty Insurance Co. ,

Building 130

Building Commercial Property Damage Policy 130

Agency Revolution

AUGUST 21, 2024

August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.

Broker-Agent 105

Broker-Agent Insurance Carrier Insurance Agent Insurance Agents 105

Frankenmuth Insurance

JANUARY 9, 2025

Some agents deal only in personal insurance and others only in commercial coverage. Some offer property and casualty insurance, but not life insurance. Be sure to ask how many years of experience they have, as well. What coverage do you offer? Other agents offer a full range of options.

Insurance Agent 101

Insurance Agent Insurance Agents Agents License 101

Triple-I: Workers Compensation

FEBRUARY 10, 2022

economy and is the second-largest line of commercial insurance, with $42 billion in premium annually. As part of its mission to foster a healthy workers compensation system, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations.

Workers Comp 52

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

Redbird Agents

JULY 9, 2024

What is an Insurance Sales Agent? An Insurance Sales Agent is a professional who sells insurance policies to clients, including life insurance, health insurance, and property and casualty insurance. Is life insurance sales a good career? What Does an Insurance Broker Do?

Insurance Agent 130

Insurance Agent Insurance Agents Agents Broker-Agent 130

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. for 2022, up 1.2

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Bankers Insurance

JULY 22, 2024

based property and casualty insurance company with more than $10 billion in GAAP assets, Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of over 1,000 leading independent agents and brokers. Today, more than 175 years later, as a leading U.S.-based

Broker-Agent 64

Broker-Agent Agents Insured Insurer 64

Agency Revolution

AUGUST 21, 2024

August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.

Broker-Agent 52

Broker-Agent Insurance Carrier Insurance Agent Insurance Agents 52

Triple-I: Workers Compensation

MARCH 21, 2023

This is particularly important as attorney involvement in commercial auto claims – notably in the trucking industry – drives expensive litigation and settlement delays that inflate companies’ expenses. Group captives can provide a viable way to protect companies across several lines of casualty insurance. million to almost $22.3

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Majesco

APRIL 11, 2024

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. If you find a way to reduce the amount of expected losses, this is the game changer. There are some positive things that emerged during 2023 regarding risk prevention.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Hunton Andrews Kurth

JULY 16, 2021

In Discover Property & Casualty Insurance Co. Blue Bell sought coverage for the shareholder suit under a number of commercial general liability policies issued by Travelers, arguing that the suit seeks damages because of “bodily injury.” Blue Bell Creameries USA, Inc.

General Liability 52

General Liability Commercial General Liability Liability Injury 52

Triple-I: Homeowners Insurance

MARCH 13, 2025

Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Tariffs and threats of tariffs have been roiling financial markets since January.

Casualty Insurance 65

Casualty Insurance Insured Insurer Insurance 65