Insurance Journal

JULY 14, 2024

Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary …

Claim 173

Claim Insurance Claim Underwriter Underwriting 173

Insurance Journal

SEPTEMBER 25, 2024

This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac Price Forbes Re, the London-based specialist …

Underwriter 263

Underwriter Underwriting Cyber Claim 263

Insurance Journal

JANUARY 9, 2025

Pennsylvania Lumbermens Mutual Insurance Company (PLM), headquartered in Philadelphia, named Steve Firko as executive vice president and chief operating officer overseeing all front-line customer-focused operating departments, including underwriting, field operations, claims, loss control, marketing, customer service, and operations.

Underwriter 246

Underwriter Underwriting Insurance Companies Claim 246

Insurance Journal

NOVEMBER 5, 2024

Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …

Liability 246

Liability Risk Underwriter Underwriting 246

Insurance Journal

MARCH 26, 2025

The North Carolina Insurance Underwriting Association this week marked the 15,000th fortified roof in the state, a huge increase since the grant program began in 2017. “I applaud the NCIUA for investing over $100 million in this incredibly successful and …

Underwriter 227

Underwriter Underwriting Insurance Insurer 227

Insurance Journal

APRIL 7, 2025

In his new role, he oversees operations for the marketing, underwriting, service, and claims teams for the home group. Plymouth Rock Home Assurance Corp., headquartered in Boston, appointed Kevin Zygmunt as its chief operating officer. Zygmunt most recently led the …

Underwriter 147

Underwriter Underwriting Claim 147

Insurance Journal

MARCH 23, 2025

D&O Dampening “Despite recently favorable statutory underwriting results, the softer pricing of the past couple of years could ultimately dampen the financial performance of D&O insurers because the premium base to support future claims activity has diminished, even as risks …

Underwriter 130

Underwriter Underwriting Premium Claim 130

Majesco

AUGUST 8, 2024

The business value of intelligent, AI-powered underwriting solutions, business processes and operating models is driving operational efficiencies, productivity, and profitability. As reflected in Majesco’s 2022 Strategic Priorities Research , 25-30% of insurers have implemented a digital underwriting workbench.

Underwriter 66

Underwriter Underwriting Insurance Insurer 66

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

Agents 52

Agents Broker-Agent Broker Underwriter 52

Insurance Marine News

JANUARY 12, 2025

Join Us The post Pen Underwriting appoints Robert Dobson to lead marine claims appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine Claims 52

Marine Claims Underwriter Underwriting Marine 52

Cowbell

MARCH 30, 2025

Were proud to now underwrite businesses with up to $1 billion in revenues in the US and up to 1 billion in the UK. With each expansion, we refine our underwriting models in real-time, anchoring our promise to swiftly pay claimsover $250 million disbursed to datewhen policyholders need us most.

Cyber 64

Cyber Underwriter Underwriting Policyholder 64

TGS

NOVEMBER 5, 2024

TGS Insurance » Blog Homeowners Insurance Underwriting Questions: What to Expect When Getting a Quote So, you’re ready to take the plunge into homeowners insurance. Either way, there’s a step that often surprises people when they go to get a quote—the underwriting process. The History Factor: What’s Your Claim Story?

Underwriter 52

Underwriter Underwriting Insurance Insurer 52

Scott Insurance

FEBRUARY 19, 2025

This increases costs and can even lead to insurer disputes in the event of a claim if the insurers disagree on whose insured property was damaged. In other words, your underwriter needs to know what property or units are under construction at any given point in time to ensure that specific property or unit is covered by your policy.

Underwriter 52

Underwriter Underwriting Insurer Insurance 52

Triple-I: Business Insurance

OCTOBER 25, 2024

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This weakness in underwriting profitability has been driven by several causes, according to a new Triple-I Issues Brief.

Underwriter 52

Underwriter Underwriting Commercial Auto Insurance 52

Rough Notes

FEBRUARY 28, 2025

That according to the 2025 Allianz Risk Barometer, which surveys global customers as well as brokers, trade organizations, underwriters, claims professionals, and risk consultants. A look atand response tothe emerging risks that could dominate 2025 By Lori Widmer This year will be the year of cyber exposure.

Cyber 52

Cyber Underwriter Underwriting Risk 52

Triple-I: Workers Compensation

FEBRUARY 14, 2025

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

Insurance Journal

DECEMBER 17, 2024

In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued that it wasn’t litigation and roof claims that had led to so many insurer insolvencies: It …

Property Insurance 264

Property Insurance Insurer Insurance Insured 264

Distinguished

MARCH 6, 2025

In this video series, were excited to introduce you to the amazing individuals who make up our underwriting team, including Ashley Mehyo. Ashley, a luminary in our Fine Art & Collectibles insurance division, brings unparalleled expertise and passion to her role as Vice President of Claims. Get to know Ashley in the video below.

Underwriter 52

Underwriter Underwriting Financial Loss Claim 52

TGS

FEBRUARY 28, 2025

This is where a loss history report comes inits like a propertys report card for past insurance claims. A loss history report provides a record of insurance claims filed on a property, typically over the past five to seven years. This report includes: Claim Details Dates of past claims, type of loss (e.g.,

Claim 52

Claim Home Insurance Damage Insurance Agency 52

Redbird Agents

NOVEMBER 15, 2024

For agencies, field marketing organizations (FMOs), and insurance companies, finding the right insurance professionals to fill roles like licensed sales agent, claims adjusters, underwriters, and account managers is crucial to maintaining a competitive edge. Let’s break down the most effective strategies.

Building 130

Building License Insurance Insurer 130

Insurance Journal

NOVEMBER 7, 2024

Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of “devastating claims” in regions hit by natural catastrophes, industry sources say. Unpredictable weather …

Policyholder 246

Policyholder Insurer Insurance Insured 246

AMAXX

MARCH 24, 2025

However, the insurers underwriter reviews this assignment to confirm its appropriateness and may suggest alternative classifications if discrepancies or better-fitting categories exist. If the underwriter identifies a different classification as more suitable, they notify the broker and employer. All state laws vary.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

Distinguished

MARCH 20, 2025

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. What Kinds of Claims Get Made in Apartment Buildings As a team, weve seen all kinds of claims related to apartment buildings.

Building 52

Building Protection Damage Liability 52

Prof. Allan Manning

FEBRUARY 24, 2023

During that time we have assisted thousands of claimants with their claims, and introduced world leading online services that take the lessons learned from claims, and use them to assist brokers and underwriters be better at their job, and to move the emphasis from price to protection.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insurance 130

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Frequency: The Stronger Driver of Premiums In the world of workers’ compensation, frequency refers to how often claims are filed.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Claim 75

Claim Injury Workers Compensation Risk 75

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 They presented their findings at a Triple-I members-only virtual webinar.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Zywave

MARCH 19, 2025

APIs facilitate instant updates and communication, such as sending policy updates or claim status notifications, enhancing transparency and trust. Data Synchronization – Insurance providers use an average of 5 systems to handle complex processes such as claims, billing, rating, policydistribution, underwriting and more.

Insurance Industry 52

Insurance Industry Broker-Agent Insurance Insurer 52

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. This proactive approach helps prevent coverage denials, reduces the likelihood of expensive claims, and ultimately ensures that insurance terms remain favorable while protecting property values.

Building 59

Building Damage Insurance Broker Underwriting 59

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v.

Damage 78

Damage Claim Commercial Property Deductible 78

American Agents Alliance

APRIL 3, 2025

This drives up the cost to repair, impacting claims costs. Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Distinguished

FEBRUARY 24, 2025

Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims. Employee-related risks: Claims of wrongful termination, discrimination, or harassment can arise, particularly in high-turnover environments like restaurants.

Liability 52

Liability Liability Insurance Insurance Insurer 52

R&R Insurance

FEBRUARY 20, 2025

Involve the insurance carrier and insurance broker to create an annual service plan addressing: Training (employees / supervisors & foremen / safety director) Jobsite inspections (Are we following our policies and documenting all inspections and corrective action?)

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

The Property Insurance Law Observer

FEBRUARY 14, 2024

Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. In Mankoff v. Dallas Jan. 29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. Code § 542A.001(2)(C)

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Policy Deductible Damage Property Damage 130

Rough Notes

DECEMBER 2, 2024

From underwriting and claims processing to customer service and risk assessment, AI promises increased efficiency and accuracy. However, as we embrace […]

Underwriter 59

Underwriter Underwriting Claim Risk 59

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. They are a vital entity, as they not only handle premium collections but also pay out claims to cover medical expenses and wage replacement for injured employees.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. She oversees the programs strategic planning, product management, and underwriting profitability. This trend could significantly impact landlords and property owners.

Broker 52

Broker Insurance Broker Building Underwriting 52