Insurance Journal

OCTOBER 9, 2024

This post is part of a series sponsored by Darkhorse Insurance. Are you dipping your toes into commercial insurance sales? Well, hold on tight because selling commercial insurance isn’t your run-of-the-mill business. To navigate these waters successfully, you can’t just …

Commercial Insurance 201

Commercial Insurance Commercial Insurance Insurer 201

Property Insurance Coverage Law

MARCH 13, 2025

1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.

Policyholder 184

Policyholder Commercial Insurance Commercial Property Insurance 184

Insurance Journal

DECEMBER 5, 2024

GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to …

Commercial Insurance 189

Commercial Insurance Commercial Insurance Insurer 189

Insurance Journal

DECEMBER 2, 2024

commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. AM Best is maintaining its stable market segment outlook on the U.S. Reserve adequacy in the …

Commercial 288

Commercial Commercial Insurance Underwriting Underwriter 288

Shield Insurance Agency

MARCH 31, 2025

Commercial insurance plays a key role in mitigating these risks, providing crucial protection for warehouse operations. Shield Insurance Agency is here to help you understand the importance of commercial insurance in your warehouse operations. This is where commercial insurance comes in.

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Commercial Insurance Commercial Insurance Agency Injury 52

Insurance Journal

OCTOBER 21, 2024

Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial …

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License Commercial Commercial Insurance Commercial Property 264

Insurance Journal

FEBRUARY 23, 2025

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024marking the second consecutive quarterly decrease after seven years of rising rates, according to the Global Insurance Market Index published by insurance …

Commercial Insurance 163

Commercial Insurance Commercial Insurance Insurer 163

Insurance Journal

FEBRUARY 24, 2025

New Mountain Capital, an investment firm, has agreed to buy the commercial insurance division of Pennsylvania-based NSM Insurance Group. The firms said in a news release that the deal is expected to close in the next 45 days. Terms were …

Commercial Insurance 148

Commercial Insurance Commercial Insurance Insurer 148

Insurance Journal

NOVEMBER 5, 2024

dba Statewide Commercial Insurance Brokers. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail …

Commercial Insurance 130

Commercial Insurance Insurance Broker Commercial Broker 130

Insurance Journal

SEPTEMBER 4, 2024

Trust impacts customer satisfaction, loyalty and brand advocacy more than other factors when small businesses choose a commercial insurance provider. Small Commercial Insurance Study found that among small businesses with the most trust in their insurers, … Power’s 2024 U.S.

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Commercial Business Insurance Commercial Insurance Insurance 264

Insurance Journal

OCTOBER 20, 2024

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D. Power 2024 …

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Commercial Commercial Insurance Agents Underwriting 162

Insurance Journal

JULY 31, 2024

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company. Stonetrust is …

Workers Comp 278

Workers Comp Casualty Insurance Commercial Insurance Commercial 278

Insurance Journal

JULY 11, 2024

Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and law enforcement, Stacks said in a …

Commercial 260

Commercial Commercial Insurance Insured Insurance 260

Insurance Journal

JULY 23, 2024

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …

Commercial Insurance 273

Commercial Insurance Commercial Insurance Industry Insurance 273

Paragon Independent Insurance Agencies

MARCH 28, 2025

Those risks are also the primary reason business owners in the Plano, TX, area rely on the professional and experienced team at the Paragon Independent Insurance Agency for all their commercial insurance inquiries and concerns.

Commercial Insurance 40

Commercial Insurance Commercial Risk Insurance Agency 40

Insurance Journal

OCTOBER 3, 2024

Global insurance broker AssuredPartners announced it has acquired Halstead Insurance Agency, a Fitchburg, Massachusetts-based agency offering personal and commercial insurance. The Halstead team will remain under the operational leadership of agency president Anthony P. Trapasso, Jr. and agency vice president, …

Commercial Insurance 278

Commercial Insurance Insurance Broker Commercial Insurance Agency 278

Insurance Journal

AUGUST 6, 2024

Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC).

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Commercial Commercial Insurance Risk Insured 277

Insurance Journal

SEPTEMBER 12, 2024

Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be “unclear.” ” The Lloyd’s of London market, which …

Commercial Insurance 279

Commercial Insurance Commercial Insurance Insurer 279

Insurance Journal

MARCH 10, 2025

commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.6% …

Commercial 235

Commercial Commercial Insurance Insured Insurance 235

Insurance Journal

OCTOBER 28, 2024

After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansion …

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Broker Commercial Insurance Commercial Building 264

Insurance Journal

JANUARY 2, 2025

Marsh McLennan Agency (MMA) announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based insurance agency. Founded in 2012, Acumen provides personal insurance and customized commercial insurance programs, with specialties in the construction, real estate, and aviation industries.

Commercial Insurance 264

Commercial Insurance Commercial Insurance Agency Insured 264

Insurance Journal

OCTOBER 10, 2024

WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption. “The current state of affairs might only be one major hurricane away from being upended, and with Milton knocking on …

Commercial 263

Commercial Commercial Insurance Broker Insurance 263

Insurance Journal

OCTOBER 1, 2024

Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …

Insurance Broker 264

Insurance Broker Broker Commercial Insurance Commercial 264

Insurance Journal

OCTOBER 31, 2024

The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear said this latest deal is …

Broker 264

Broker Insurance Broker Commercial Insurance Commercial 264

Insurance Journal

SEPTEMBER 17, 2024

PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance.

Commercial Insurance 263

Commercial Insurance Insurance Insurer Insured 263

Paragon Independent Insurance Agencies

FEBRUARY 28, 2025

Owning a business means taking on risks, but the right insurance coverage can help safeguard your hard work. At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. first appeared on Insurance Blog | Paragon Independent Insurance Agencies.

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Commercial Insurance Commercial General Liability Insurance Agency 40

Insurance Journal

DECEMBER 3, 2024

Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance have soared in recent years. SRA 831(b) …

Commercial Insurance 260

Commercial Insurance Commercial Insurance Companies Insurance 260

Property Insurance Coverage Law

MARCH 13, 2025

1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.

Policyholder 100

Policyholder Commercial Insurance Commercial Property Insurance 100

Insurance Journal

JANUARY 8, 2025

The Plexus Groupe, a national commercial insurance brokerage and consulting firm, announced the appointment of Gerald Fawcett as President. Fawcett joined Plexus in February 2020 to lead the Industry and Specialty Practices. He was involved in vetting technology solutions and …

Commercial Insurance 246

Commercial Insurance Commercial Insurance Insurer 246

Insurance Journal

DECEMBER 17, 2024

Insurance brokerage Trucordia reports that its most recent acquisition is the Richard King Insurance Agency, a family-owned brokerage firm in Powhatan, Virginia. The Richard King Insurance Agency has been offering personal and commercial insurance in the greater Richmond area since …

Commercial Insurance 246

Commercial Insurance Insurance Agency Commercial Insured 246

Insurance Journal

DECEMBER 17, 2024

Atlanta-based PointeNorth Insurance Group, a broker and agency specializing in commercial insurance, including transportation, construction and condominium coverage, has continued its rapid pace of growth with the addition of another Georgia agency. PointeNorth has acquired Caldwell & Langford Insurance in …

Commercial Insurance 246

Commercial Insurance Commercial Broker Insured 246

Insurance Journal

DECEMBER 18, 2024

insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercial insurance. King Risk Partners, one of the largest U.S. Larry Talbert II …

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Risk Commercial Insurance Insurance Broker Commercial 246

Insurance Journal

JANUARY 8, 2025

Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercial insurance throughout Virginia and North Carolina. The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. The Andrews Agency is an independent agency based …

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Insurance Agency Commercial Insurance Commercial Insurance 246

Insurance Journal

DECEMBER 11, 2024

trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. Another human pandemic could cause economic losses of $13.6 The impact would mainly be from disruption across global industries due to local lockdowns and …

Commercial Insurance 246

Commercial Insurance Commercial Insurance Insurer 246

Insurance Journal

JANUARY 27, 2025

For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.8 Forth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million. billion compared to about …

Commercial Insurance 244

Commercial Insurance Commercial Insurance Insurer 244

Insurance Journal

NOVEMBER 14, 2024

Commercial insurance market Lloyd’s of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units’ work, a Lloyd’s spokesperson said on Thursday. It was too soon to say what the impact would be …

Commercial Insurance 246

Commercial Insurance Commercial Insurance Insurer 246

Insurance Journal

DECEMBER 16, 2024

Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules. Lloyd’s has …

Commercial Insurance 243

Commercial Insurance Commercial Insurance Insurer 243