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After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Insurance Journal

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

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‘Bleak’ Data: Insurance Carriers’ Entry Level Hiring Expectations Hit Low Point

Insurance Journal

Insurance carriers expecting to add staff in 2025 are largely looking for experienced professionals rather than filling entry level roles, according to the latest Insurance Labor Market Study from Jacobson Group and Aon. Like prior installments of the semi-annual collaborative …

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Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials

Insurance Journal

As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …

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Streamlining Policy Issuance and Servicing with BPO: Key Benefits for Insurance Carriers

Insurance Journal

In the ever-evolving insurance industry, efficiency and accuracy in policy issuance and servicing are crucial to maintaining competitiveness and delivering a superior customer experience. Insurance carriers are under constant pressure …

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Take the Hassle Out of Claims Management

Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and more. What's more, our Insurance API equips insurance carriers with litigation records and comprehensive claims insights.

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Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Insurance Journal

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …

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Global Instability Leads to 16-Year Low for Insurance Carrier M&A Deals

Insurance Journal

Two new reports highlight the stagnant mergers and acquisitions in the insurance industry in 2024. In fact, global insurance carrier M&As slumped to a 16-year low in 2024 amid a wave uncertainty and volatility through the year, Clyde & Co.’s ’s …