Insurance Journal

NOVEMBER 21, 2024

It is “how” commercial lines carriers execute their underwriting strategies, not “what” lines they write that is key to profitable growth for top performers, according to new research from McKinsey. A section of the consulting firm’s recently published “Global Insurance …

Commercial 147

Commercial Underwriter Underwriting Insurance 147

Insurance Journal

OCTOBER 28, 2024

Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX.

Commercial 289

Commercial Underwriter Underwriting Liability 289

Insurance Journal

AUGUST 29, 2024

Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of property and casualty experience, most recently serving as senior transportation/garage …

Underwriter 278

Underwriter Underwriting Commercial Insurance 278

Insurance Journal

DECEMBER 1, 2024

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S.

Commercial 130

Commercial Auto Insurance Underwriter Underwriting 130

Insurance Journal

OCTOBER 3, 2024

Starwind Specialty Insurance Services, headquartered in New York City, named Kirk Conrad as chief underwriting officer. Conrad, based in Dallas, has over two decades of experience across multiple industry sectors, spanning roles in commercial and personal lines, risk management and …

Underwriter 278

Underwriter Underwriting Commercial Risk 278

Insurance Journal

AUGUST 1, 2024

JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal commercial transportation risks and working with carrier underwriters and independent insurance agents …

Underwriter 264

Underwriter Underwriting Commercial Insurance Agents 264

Insurance Journal

JULY 24, 2024

Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for Chubb Insurance. She also previously …

Underwriter 263

Underwriter Underwriting Commercial Insurance 263

Insurance Journal

JULY 14, 2024

The commercial auto insurance segment maintained its place as a weaker-performing U.S. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combined ratio above 100 in 12 of the … property/casualty insurance product line in 2023.

Auto Insurance 147

Auto Insurance Commercial Casualty Insurance Underwriter 147

Rough Notes

DECEMBER 2, 2024

Harrington, CPCU If insurance underwriting were a reality television show, commercial auto underwriting would be cast as the ultimate challenge of endurance for the participants. Like haggard, sweat-soaked individuals scrambling to reach the finish line, commercial auto insurance providers, producers, and buyers […]

Auto Insurance 52

Auto Insurance Commercial Underwriter Underwriting 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.

Commercial 52

Commercial Underwriter Underwriting Auto Insurance 52

Insurance Journal

JULY 31, 2024

JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation underwriter. Deryas is responsible for underwriting renewal commercial transportation …

Underwriter 147

Underwriter Underwriting Commercial 147

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. points year-over-year improvement, with commercial lines continuing to outperform personal lines. represented a 2.3-points

Commercial 49

Commercial Underwriter Underwriting General Liability 49

Insurance Journal

JULY 31, 2024

The deconsolidation and divestitures from last year affected AIG’s general insurance underwriting income, … The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG).

Underwriter 245

Underwriter Underwriting Insurance Insured 245

Insurance Journal

AUGUST 7, 2024

XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile risks. He began his career as an associate underwriter at Burns & …

Commercial Automobile 147

Commercial Automobile Underwriter Underwriting Commercial 147

Insurance Journal

OCTOBER 2, 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 …

Agents 290

Agents Commercial Underwriter Underwriting 290

Insurance Journal

SEPTEMBER 16, 2024

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS), The Ardonagh Group, and Carbon Underwriting. Lillelund Named CEO of AGCS and Allianz Commercial Allianz Global … A summary of these new hires follows here.

Underwriter 241

Underwriter Underwriting Commercial 241

Insurance Journal

NOVEMBER 14, 2024

Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The …

Underwriter 245

Underwriter Underwriting Commercial Risk 245

Insurance Journal

OCTOBER 9, 2024

Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025. It has set up a Spanish branch of Munich Re Risk Solutions Ireland Ltd., which holds regulatory …

Underwriter 261

Underwriter Underwriting Commercial Insurance 261

Insurance Journal

JULY 14, 2024

By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007. Translating to …

Casualty Insurance 240

Casualty Insurance Underwriter Underwriting Liability 240

Insurance Journal

AUGUST 19, 2024

Houston’s Skyward Specialty Insurance Group announced it is launching an aviation program in partnership with Acceleration Aviation Underwriters. The partnership between Skyward Specialty and Acceleration Aviation introduces a robust program that extends coverage to commercial and general aviation aircraft, fixed …

Underwriter 261

Underwriter Underwriting Commercial Insurance 261

The Property Insurance Law Observer

JUNE 13, 2024

Certain Underwriters at Lloyd’s, London, et al. 2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.

Underwriter 130

Underwriter Underwriting Commercial Property Property Damage 130

Insurance Journal

OCTOBER 6, 2024

Multi-Family Commercial Property Program Market Detail: Amalgamated Insurance Underwriters offers a commercial property program for hard to place multi-family habitational/commercial properties. This program is a fit for older risks made of frame, JM, or MNC construction that can’t find adequate …

Commercial Property 130

Commercial Property Commercial Underwriter Underwriting 130

Insurance Journal

OCTOBER 17, 2024

Travelers on Thursday said third quarter net income was $1.26 billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve development, and higher investment income. The New …

Underwriter 264

Underwriter Underwriting Premium Commercial 264

RiskQuoter

APRIL 25, 2024

Find the perfect life insurance plan as a private or commercial pilot. The post Pilot Life Insurance: Underwriting, Rates, Flat Extras, Exclusions & More appeared first on RiskQuoter.com. We specialize in affordable pilot coverage and minimizing flat extras.

Life Insurance 52

Life Insurance Underwriter Underwriting Commercial 52

Insurance Journal

JULY 19, 2024

The Travelers Companies, Inc. reported second quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 The New York-based insurer posted …

Underwriter 264

Underwriter Underwriting Premium Insurance 264

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. Call us today for the most updated information.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium 277

Premium Casualty Insurance Underwriter Underwriting 277

Insurance Journal

OCTOBER 29, 2024

increase in P/C underwriting income with a combined ratio of 87.7 Chubb recorded an 11.7% as part of third quarter net income of about $2.2 billion, up 13.8% CEO Evan G. Greenberg said the Whitehouse Station, New Jersey-based insurer is …

Underwriter 264

Underwriter Underwriting Insurance Insured 264

Insurance Journal

OCTOBER 21, 2024

million the same period the prior year on underwriting and investments. Third quarter 2024 net income at W.R. Berkley Corp. increased to about $365.6 million compared to $333.6 Net income was a record for the third quarter, the company said.

Underwriter 261

Underwriter Underwriting Commercial 261

Paragon Independent Insurance Agencies

JUNE 14, 2024

Filing a commercial claim is a complex and daunting process, especially for business owners unfamiliar with the ins and outs of insurance policies. The insurance agents are there to break down all the details, from underwriting to filing claims. These are regular issues around Plano, TX. Our team covers the Plano, TX area.

Commercial Insurance 40

Commercial Insurance Commercial Insurance Claim Claim 40

Insurance Journal

SEPTEMBER 30, 2024

Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’ capacity will be distributed through …

Broker-Agent 275

Broker-Agent Commercial Agents Broker 275

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 A combined ratio below 100 represents an underwriting profit, and a ratio above 100 represents a loss. 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

Cowbell

NOVEMBER 26, 2024

Prior to Copperpoint, he held various senior leadership roles in the marketing organizations for Nautilus Insurance Group (a Berkley Company), CAMICO, Allied World Assurance Company, and Darwin Professional Underwriters. This promotion comes as Cowbell builds momentum following our Series C funding round.

Cyber 52

Cyber Commercial Insurance Policyholder Building 52

Cowbell

AUGUST 20, 2024

In two years, he successfully implemented over 20 partnerships with major insurance brokers and significantly enhanced Arch’s digital presence while optimizing the underwriting process through automation, culminating in improved user interfaces and portals.

Cyber 105

Cyber Insurance Broker Underwriter Underwriting 105

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. During the policy period, the insured’s floor “sunk” between eight to 12 inches.

Building 130

Building Commercial Property Damage Policy 130

American Agents Alliance

SEPTEMBER 6, 2024

As part of NSM’s best-in-class insurance programs, they deliver unparalleled niche underwriting expertise, superior customer service and specialized claims handling. With A+ rated carriers, dedicated underwriters and in-house claims team, NSM makes an agent’s job easier.

Workers Compensation 52

Workers Compensation Insurance Insurer Insured 52

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. However, with great opportunities come great risks.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52