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Global commercialinsurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …
Is an Invasion Covered Under a CommercialInsurance Policy? appeared first on Property Insurance Coverage Law Blog. where I gave a short explanation of the day: Tampas Mayor refused to hand over the keys to the city on Tuesday to … The post Pirates Invade Tampa!
Commercialinsurance rates during the third quarter in the U.S. According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates since the third quarter 2017 — … increased 3%, with casualty rates up 10%.
Global commercialinsurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …
Global commercialinsurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time in nearly seven years – since the …
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 …
Global commercialinsurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time since the third quarter of 2017 that …
This post is part of a series sponsored by Darkhorse Insurance. Are you dipping your toes into commercialinsurance sales? Well, hold on tight because selling commercialinsurance isn’t your run-of-the-mill business. To navigate these waters successfully, you can’t just …
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 …
Trust impacts customer satisfaction, loyalty and brand advocacy more than other factors when small businesses choose a commercialinsurance provider. Small CommercialInsurance Study found that among small businesses with the most trust in their insurers, … Power’s 2024 U.S.
Global commercialinsurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2025 average commercial rate …
GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercialinsurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to …
Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercialinsurance. Bordman has more than a decade in commercialinsurance, preceded by years in the U.S. Army and law enforcement, Stacks said in a …
1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.
WTW characterized commercialinsurance 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 …
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 …
Global commercialinsurance 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 …
commercialinsurance 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% …
New Mountain Capital, an investment firm, has agreed to buy the commercialinsurance 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 …
dba Statewide CommercialInsurance 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 …
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 commercialinsurance. It works with US insurance companies, helping them streamline the …
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 CommercialInsurance Company and Stonetrust Premier Casualty Insurance Company. Stonetrust is …
Commercialinsurance 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 commercialinsurance in your warehouse operations. This is where commercialinsurance comes in.
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.
Specialty insurer NSM Insurance Group said it has completed the sale of its U.S. commercialinsurance division to investment firm New Mountain Capital. The agreement includes NSM’s portfolio of 15 niche insurance programs across property/casualty, accident & health, and reinsuranceas …
Generali Group has launched a new business unit Global Corporate & Commercial (GC&C) India within its joint-venture company Future Generali India Insurance. The moves further strengthens Generali’s presence in India’s rapidly growing corporate and commercialinsurance segment, the …
Texan Insurance, full-service insurance agency, announce its acquisition of Austin, Texas-based J&M Insurance, a trusted provider of personal and commercialinsurance solutions for nearly two decades. Founded in 2005 by Todd Michalowski, J&M Insurance offers independent commercial, home and auto …
The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercialinsurance broker in the south of England. Financial details of the transaction were not disclosed. Clear said this latest deal is …
Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercialinsurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …
Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercialinsurance throughout Virginia and North Carolina. The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. The Andrews Agency is an independent agency based …
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 commercialinsurance. King Risk Partners, one of the largest U.S. Larry Talbert II …
Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercialinsurance.
Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercialinsurance brokerage.
Global insurance broker AssuredPartners announced it has acquired Halstead Insurance Agency, a Fitchburg, Massachusetts-based agency offering personal and commercialinsurance. The Halstead team will remain under the operational leadership of agency president Anthony P. Trapasso, Jr. and agency vice president, …
After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercialinsurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansion …
Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercialinsurance market as its current processes for dealing with bad behavior could be “unclear.” ” The Lloyd’s of London market, which …
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 commercialinsurance programs, with specialties in the construction, real estate, and aviation industries.
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 commercialinsurance have soared in recent years. SRA 831(b) …
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 commercialinsurance products. first appeared on Insurance Blog | Paragon Independent Insurance Agencies.
Protect your business from large claims and rising legal costs with commercial umbrella insuranceextra coverage for todays expanding liability risks. The post What is Commercial Umbrella Insurance? appeared first on Central Insurance Blog.
This post highlights an agent’s binding authority under Michigan law and discusses important insurance principles concerning the “completed-loss” and “loss-in-progress” doctrines.
trillion for the global economy over a five-year period, commercialinsurance 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 …
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