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Australian Insurer IAG Says Rise in Claims, Third-Party Costs to Push Up Premiums

Insurance Journal

Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said the money it …

Premium 264
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Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Insurance Journal

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …

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Part 2: Workers’ Comp Independent Premium Audits Explained

AMAXX

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

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NC Insurers Warned on Flood Denials in Underwriting; NFIP Allows Monthly Premiums

Insurance Journal

North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance indemnity or federal assistance. In most cases, the …

Premium 264
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WCIRB: California Workers’ Comp Written Premium in 2023 Was up Slightly

Insurance Journal

California workers’ compensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows. The Workers’ Compensation Insurance Rating …

Premium 277
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JD Power: Customers Not Happy With Carrier Property Claims Service

Insurance Journal

Higher premiums and longer wait times make property owners less satisfied with their insurers. Property Claims Satisfaction Study align with today’s climate of increasingly longer claim cycle times and higher costs for … These not-very-surprising results from J.D. Power’s 2025 U.S.

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Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

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