Insurance Journal

SEPTEMBER 15, 2024

property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …

Insurance Industry 241

Insurance Industry Underwriter Underwriting Casualty Insurance 241

Insurance Journal

NOVEMBER 15, 2024

A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study. While the industry continues to add jobs, the employment growth remains relatively modest, according …

Insurance Industry 277

Insurance Industry Insurance Insurer Insured 277

Insurance Journal

JULY 26, 2024

In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a transactional service, insurance companies increasingly recognize the significance of fostering … This post is part of a series sponsored by Dyad.

Insurance Industry 279

Insurance Industry Insurance Companies Insurance Insurer 279

Insurance Journal

SEPTEMBER 17, 2024

Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the some of …

Insurance Industry 278

Insurance Industry Insurance Insurer Insured 278

Insurance Journal

FEBRUARY 4, 2025

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

Underwriter 275

Underwriter Underwriting Insurance Industry Insurance 275

Property Insurance Coverage Law

SEPTEMBER 13, 2024

He noted a post on this blog, Insurance Fraud Cost Statistics Are a Fraud, and stated the following: An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much … The post Insurance Journal Picks Up on Academic Article Exposing Fraudulent Statistics by Insurance Industry appeared first on (..)

Insurance Industry 203

Insurance Industry Property Insurance Insurance Insurer 203

Insurance Journal

NOVEMBER 27, 2024

At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to the event. The insurer was …

Insurance Industry 272

Insurance Industry Insurance Companies Insurance Insurer 272

Insurance Journal

OCTOBER 11, 2024

Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry losses in 2024 above $100 billion for the fifth straight year. The range of losses expected by rating agency Fitch …

Insurance Industry 264

Insurance Industry Insurance Insurer Insured 264

Insurance Journal

OCTOBER 2, 2024

The International Longshoremen’s Association (ILA) went on strike on Tuesday, Oct 1. The strike is expected to affect more than 20 ports along the Eastern Seaboard and Gulf Coast, including the ports of New York and New Jersey, Baltimore and …

Insurance Industry 262

Insurance Industry Insurance Insurer Insured 262

Insurance Journal

JANUARY 9, 2025

Maine Governor Janet Mills along with House and Senate leaders are championing major legislation to strengthen the ability of local communities, homeowners, businesses, and emergency responders to prepare for and withstand future severe storms. The bipartisan legislation, sponsored by Senate …

Insurance Industry 244

Insurance Industry Insurance Insurer Insured 244

Insurance Journal

MARCH 21, 2025

property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

Insurance Industry 148

Insurance Industry Casualty Insurance Underwriting Underwriter 148

Property Insurance Coverage Law

OCTOBER 24, 2024

The recently issued Emergency Rule 69BER24-4 in Florida creates a concerning conflict with Xactimate’s license agreement, highlighting yet another way the insurance industry exercises control over claims adjusting practices.

License 189

License Insurance Industry Property Insurance Claim 189

Zywave

MARCH 19, 2025

Benefits of APIs in the Insurance Industry APIs offer numerous benefits to the insurance industry, enhancing efficiency, customer experience, and data management. These unique tools help meet data security and privacy insurance regulatory requirements. To learn more about Zywave APIs, visit [link].

Insurance Industry 52

Insurance Industry Broker-Agent Insurance Insurer 52

Property Insurance Coverage Law

OCTOBER 23, 2024

Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Policyholder 214

Policyholder Insurance Companies Insurance Industry Protection 214

Insurance Journal

FEBRUARY 13, 2025

Connecticut continues to grow its captive insurance industry, adding nine new captive insurers in 2024 for a 17% increase over the previous year. In addition to the nine new captives, the state insurance department also approved 17 new captive protected …

Insurance Industry 130

Insurance Industry Insurance Insurer Insured 130

Majesco

FEBRUARY 27, 2025

Bring your conversation to Majesco and let us show you how we’re helping insurers to rapidly bring new business models and products to market, lower costs, improve productivity, drive real business outcomes, and apply the latest technologies to today’s pressing issues. Contact Majesco today!

Insurance Industry 74

Insurance Industry Insurance Insurer Insured 74

Insurance Journal

FEBRUARY 9, 2025

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …

Agents 190

Agents Casualty Insurance Insurance Industry Insurance 190

Property Insurance Coverage Law

MARCH 5, 2025

A new investigation into Floridas property insurance industry is set to begin, raising significant questions about insurer profitability, financial transparency, and the true reasons behind skyrocketing premiums for policyholders.

Property Insurance 180

Property Insurance Policyholder Premium Insurance Industry 180

Insurance Journal

FEBRUARY 11, 2025

The Michigan Department of Insurance and Financial Services (DIFS) is highlighting in-demand jobs available to Michiganders in the insurance field as part of Insurance Careers Month. More than 73,000 Michiganders work in the insurance industry, according to a study conducted …

Insurance Industry 148

Insurance Industry Insurance Insurer Insured 148

Property Insurance Coverage Law

FEBRUARY 14, 2025

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers.

Claim 211

Claim Policyholder Property Insurance Insurance Claim 211

Property Insurance Coverage Law

FEBRUARY 14, 2025

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers.

Claim 186

Claim Policyholder Property Insurance Insurance Claim 186

Property Insurance Coverage Law

JANUARY 20, 2025

State legislators enacted valued policy laws in the late 19th century with significant debate.The insurance industry was dead set … The post History of The Valued Policy LawsInsurers Threatening to and Leaving Markets is Nothing New appeared first on Property Insurance Coverage Law Blog.

Policy 203

Policy Property Insurance Insurance Industry Insurance 203

Insurance Journal

MARCH 31, 2025

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? This is the final call for participating in this year’s Young Insurance Agents Opinion Survey! The deadline for participating is April 1.

Agents 148

Agents Insurance Industry Insurance Agent Insurance Agents 148

Redbird Agents

SEPTEMBER 4, 2024

Choosing the right Customer Relationship Management (CRM) system is crucial for enhancing customer interactions and streamlining operations within the insurance industry. This post first appeared at Comprehensive Review of Top CRMs for the Insurance Industry on the Redbird Agents Blog.

Insurance Industry 130

Insurance Industry Insurance Insurer Insured 130

Insurance Journal

DECEMBER 9, 2024

The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 The gala hosted more than 600 professionals from the insurance industry for an … million at its 18th Annual Northeast Benefit Event last week in New York City.

Insurance Industry 246

Insurance Industry Insured Insurance Insurer 246

Insurance Journal

AUGUST 7, 2024

The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI transformations and currently comprise nearly a quarter …

Insurance Industry 276

Insurance Industry Insurance Insurer Insured 276

Insurance Journal

OCTOBER 23, 2024

home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-perils …

Premium 321

Premium Home Insurance Insurance Industry Risk 321

Insurance Journal

MARCH 5, 2025

This post is part of a series sponsored by Darkhorse Insurance. This remarkable transformation is challenging the status quo and pushing the boundaries of what is possible in insurance. Insurtech is not just a buzzword; it is a dynamic and …

Insurance Industry 130

Insurance Industry Insurance Insurer Insured 130

Insurance Journal

JULY 21, 2024

Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems …

Business Interruption 312

Business Interruption Claim Insurance Industry Insurance 312

Insurance Journal

JANUARY 17, 2025

The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …

Underwriting 264

Underwriting Underwriter Insurance Industry Premium 264

Property Insurance Coverage Law

FEBRUARY 4, 2025

Stakeholders within the insurance industry have rightfully been calling for more leadership … The post Where Is the National Plan for Structural Resiliency? If there is to Be Available and Affordable Insurance, Then Property Has to Be More Resilient to Damage appeared first on Property Insurance Coverage Law Blog.

Damage 156

Damage Property Insurance Insurance Industry Building 156

Insurance Journal

NOVEMBER 3, 2024

The insurance industry has historically been slow to adopt new technologies o often relying on traditional outreach, marketing and client management methods. However, digital transformation has taken hold across the sector in recent years, radically reshaping how insurance companies engage …

Insurance Industry 306

Insurance Industry Insurance Companies Insurance Insurer 306

Insurance Journal

SEPTEMBER 8, 2024

A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the insurance industry and …

Cyber 258

Cyber Insurance Industry Protection Risk 258

Insurance Journal

AUGUST 12, 2024

In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. In his endorsement of a proposal by Representative Adam Schiff (D-Calif.) to create …

Insurance Industry 308

Insurance Industry Insurance Insurer Insured 308

Insurance Journal

OCTOBER 10, 2024

The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever. The …

Premium 299

Premium Insurance Industry Risk Insurance 299

Insurance Journal

SEPTEMBER 2, 2024

And he may be the best friend the Florida property insurance industry has. He’s been called “eccentric,” a “do-gooder,” a “troublemaker” and a whistleblower. A mechanical engineer based in Edgewater, George Miles has filed formal complaints with the Florida Board …

Property Insurance 306

Property Insurance Insurance Industry Insurance Insurer 306

Insurance Journal

JULY 22, 2024

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

Cyber 299

Cyber Policy Insurance Industry Insurance 299