Insurance Journal

JANUARY 9, 2025

American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief underwriting officer, effective immediately. Flatt also held the the position of interim CEO of managing general underwriter Private Client Select …

Underwriting 246

Underwriting Underwriter Claim 246

Insurance Journal

OCTOBER 22, 2024

In this episode, VP of Aviation Underwriting Rob Lombardo discusses marketplace trends in the Aviation industry following the Aviation Insurance Association Annual Conference. This post is part of a series sponsored by IAT Insurance Group. Rob also covers the various …

Claim 246

Claim Underwriting Underwriter Insurance 246

Insurance Journal

NOVEMBER 4, 2024

Third quarter underwriting income with Berkshire Hathaway’s insurance insurance units fell about $1.7 billion to $750 million due to estimated losses of about $565 million from Hurricane Helene and increases in losses from prior year claims. In releasing its earnings …

Underwriting 264

Underwriting Underwriter Insurance Insurer 264

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 Underwriting Underwriter 173

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.

Underwriting 246

Underwriting Underwriter 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 Underwriting Underwriter 246

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 …

Underwriting 263

Underwriting Underwriter Cyber Claim 263

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 …

Underwriting 227

Underwriting Underwriter 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 …

Underwriting 147

Underwriting Underwriter Claim 147

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.

Underwriting 66

Underwriting Underwriter 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 Underwriting 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 Underwriting Underwriter Marine 52

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 …

Underwriting 130

Underwriting Underwriter Premium Claim 130

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 Underwriting Underwriter Policyholder 64

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.

Underwriting 52

Underwriting Underwriter Insurance Insurer 52

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?

Underwriting 52

Underwriting Underwriter Insurance Insurer 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.

Underwriting 52

Underwriting Underwriter 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.

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Cyber Underwriting Underwriter Broker 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 Insurance Insurer 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.

Underwriting 52

Underwriting Underwriter 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.

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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 Insurance Insurer Insured 246

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.

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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

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

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.

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

Distinguished

APRIL 29, 2025

Without the right safeguards in place, landlords could face significant financial losses from damages, legal claims, or lost rental income. Employee liability coverage: Protects against claims related to on-site staff. Other factors, such as commercial use and past claims history, can also impact pricing.

Liability 52

Liability Financial Loss Insurance Insurer 52

Distinguished

APRIL 21, 2025

However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. General liability: Protects against tenant or visitor injuries, legal claims, and medical expenses. In Chicago alone, more than 2.7

Broker 52

Broker Liability Broker-Agent Building 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 Underwriter 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.

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Damage Claim Commercial Property Deductible 78

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

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