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 Underwriting Underwriter General Liability 49

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 …

Underwriting 147

Underwriting Underwriter 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 Underwriting Underwriter 290

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).

Underwriting 245

Underwriting Underwriter Insured Insurance 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 Underwriting Underwriter Commercial 147

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.

Underwriting 241

Underwriting Underwriter Commercial 241

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 …

Underwriting 259

Underwriting Underwriter Commercial Insurance 259

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 Underwriting Underwriter Liability 240

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 …

Underwriting 264

Underwriting Underwriter Premium Commercial 264

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 …

Underwriting 261

Underwriting Underwriter Commercial Insured 261

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 Underwriting Underwriter 130

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.

Underwriting 130

Underwriting Underwriter Commercial Property Property Damage 130

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 …

Underwriting 264

Underwriting Underwriter Premium Insured 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 Underwriting Underwriter 277

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 Broker Agents 275

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

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.

Underwriting 147

Underwriting Underwriter Commercial 147

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.

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

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.

Commercial Property 130

Commercial Property Building 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

Protect Commercial Insurance

OCTOBER 4, 2024

Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders. When rates go up, some insurers might become more cautious, leading them to tighten their underwriting criteria.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

Distinguished

OCTOBER 1, 2024

Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. A: We are currently available for commercial policies in California, but we do expect to have approval for personal collections very soon. Access the full recording now!

Broker 52

Broker Broker-Agent Inland Marine Underwriting 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 Broker-Agent 52

Property Insurance Centre

JANUARY 4, 2024

” In response to rising property losses, insurance companies have adjusted their underwriting guidelines, resulting in higher premiums and limited coverage for properties located in high-risk areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Agency Revolution

AUGUST 21, 2024

Prior to joining Agency Revolution, Dan spent 20 years at Nationwide where he served in management roles for commercial underwriting, loss control, sales automation and technology, and business architecture. Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector.

Broker-Agent 105

Broker-Agent Insurance Carrier Casualty Insurance Insurance Agents 105

Friendly Agent

SEPTEMBER 11, 2020

commercial underwriter, personal lines underwriter all 3 in my office, all with my binder… appointment ON THE SPOT!” Superior Access (P&C and Commercial insurance) Superior access has multiple carriers across the United States. Got 5 out-of-5 appointments. company president was on his desk!

Insurance Carrier 130

Insurance Carrier License Commercial Insurance 130

Shield Insurance Agency

AUGUST 1, 2024

Now Hiring Insurance Customer Service Rep and Account Manager Duties: Provide timely, professional, accurate, communication to clients, your team, carrier representatives, and underwriters. Oversee the preparation, accuracy, and implementation of all transactions, paperwork, and internal processing for assigned accounts.

Insurance Agency 52

Insurance Agency Insurance Insurer Insured 52

Majesco

JUNE 13, 2024

Can actuaries, underwriters, and business leaders get back on top and win the combined ratio game? For insurance risk management to improve enough to positively impact underwriting profitability and customer value, technology must be applied directly to those areas that can prevent, mitigate, or reduce claims.

Risk 40

Risk Underwriting Underwriter Insurance 40

Agency Revolution

AUGUST 21, 2024

Prior to joining Agency Revolution, Dan spent 20 years at Nationwide where he served in management roles for commercial underwriting, loss control, sales automation and technology, and business architecture. Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector.

Broker-Agent 52

Broker-Agent Insurance Carrier Casualty Insurance Insurance Agents 52

Majesco

MAY 23, 2024

It’s about rethinking underwriting and claims as well as rethinking risk resilience. Gains from better underwriting, risk mitigation, and risk measurement through digitalization should improve the accessibility and affordability of insurance. [i] They suggest digitalization can be a force for closing insurance protection gaps.

Risk 40

Risk Underwriting Underwriter Insurance 40

Triple-I: Workers Compensation

FEBRUARY 10, 2022

economy and is the second-largest line of commercial insurance, with $42 billion in premium annually. Even with rates falling, he said, the line has seen “seven years of underwriting gains and favorable combined ratios.” Workers comp plays a critical role in the U.S.

Workers Comp 52

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

Property Insurance Centre

AUGUST 8, 2024

The premium requested will depend on numerous underwriting factors, such as how long you think it will be empty for & the postcode. So give us a call of fill in an online form and we will be in touch. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership.

Insurance 52

Insurance Insurer Insured Premium 52

Majesco

FEBRUARY 15, 2024

Because reinsurers, mid and large market commercial and specialty lines companies have large numbers of complex risk items that require fast, dependable performance for rating calculations. These types of risks often require specialized knowledge and underwriting expertise. Can the technology solution expand underwriting data fields?

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Triple-I: Workers Compensation

MARCH 21, 2023

This is particularly important as attorney involvement in commercial auto claims – notably in the trucking industry – drives expensive litigation and settlement delays that inflate companies’ expenses. With these benefits, the group captive model can help to control spiraling litigation costs. trucking industry grew from approximately $2.3

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Bankers Insurance

JULY 22, 2024

based property and casualty insurance company with more than $10 billion in GAAP assets, Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of over 1,000 leading independent agents and brokers. Today, more than 175 years later, as a leading U.S.-based

Broker-Agent 52

Broker-Agent Insurance Insurer Insured 52