Insurance Journal

AUGUST 18, 2024

Global commercial insurance 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 …

Commercial Insurance 246

Commercial Insurance Commercial Insurance Insurer 246

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 200

Commercial Insurance Commercial Insurance Insurer 200

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 Underwriter Underwriting 288

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

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

Policyholder 188

Policyholder Commercial Insurance Commercial Property Insurance 188

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

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

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

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 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 Insured 263

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.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Agency Injury 52

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 …

Commercial 162

Commercial Commercial Insurance Agents Underwriter 162

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 162

Commercial Insurance Commercial Insurance Insurer 162

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 147

Commercial Insurance Commercial Insurance Insurer 147

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

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

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

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

Insurance Journal

JANUARY 27, 2025

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 commercial insurance segment, the …

Commercial 189

Commercial Commercial Insurance Insured Insurance 189

Insurance Journal

JANUARY 17, 2025

Texan Insurance, full-service insurance agency, announce its acquisition of Austin, Texas-based J&M Insurance, a trusted provider of personal and commercial insurance solutions for nearly two decades. Founded in 2005 by Todd Michalowski, J&M Insurance offers independent commercial, home and auto …

Commercial Insurance 242

Commercial Insurance Commercial Insurance Insurer 242

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

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

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 …

Insurance Agency 246

Insurance Agency Commercial Insurance Commercial Insurance 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 …

Risk 246

Risk Commercial Insurance Insurance Broker Commercial 246

Insurance Journal

DECEMBER 10, 2024

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 commercial insurance.

Commercial Insurance 234

Commercial Insurance Insurance Broker Commercial Broker 234

Insurance Journal

FEBRUARY 25, 2025

Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage.

Commercial Insurance 219

Commercial Insurance Insurance Broker Insurance Insurer 219

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

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 …

Broker 264

Broker Commercial Insurance Commercial Building 264

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.

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Commercial Insurance Commercial Risk Insurance Agency 40

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 Insured Insurance 279

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

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 Insured 260

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.

Commercial Insurance 40

Commercial Insurance Commercial Insurance Agency General Liability 40

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. 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

Property Insurance Coverage Law

SEPTEMBER 3, 2024

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.

Commercial 203

Commercial Damage Policy Property Insurance 203

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 Insured Insurance 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