Remove Casualty Insurance Remove Insurer Remove Policyholder
article thumbnail

US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …

article thumbnail

Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Insurance Journal

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

The casualty insurance market is currently experiencing unprecedented volatility, with significant pricing fluctuations and escalating loss costs becoming the norm. Bill Chepulis, Head of Large Casualty for Zurich North America, noted that the market in 2025 will likely resemble the challenging conditions of recent years.

article thumbnail

Are Home Insurance Consumers Being Duped?

Property Insurance Coverage Law

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims.

article thumbnail

Is Waiving Forfeiture Clauses Possible? Unlocking Possible Overlooked Arguments for Coverage

Property Insurance Coverage Law

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Unlocking Possible Overlooked Arguments for Coverage appeared first on Property Insurance Coverage Law Blog.

article thumbnail

How to Not Suck at Being an Insurance Agent

Redbird Agents

I’ve heard more than once the misconception that selling insurance is easy. If selling insurance was so easy, then why is it that roughly 10 percent of the independent insurance agents generate the vast majority of the sales? Why Do Insurance Agents Fail? Statistics from the insurance industry reveal a different story.

article thumbnail

AM Best Reaffirms Frankenmuth Insurance’s Financial Strength and Stability With An A (Excellent) Rating

Frankenmuth Insurance

Frankenmuth Insurance is exceptionally proud to share that AM Best has once again recognized our company’s commitment to financial strength and stability. At Frankenmuth Insurance, we take pride in protecting what’s important to you, and we’re dedicated to ensuring a bright future for our policyholders.