Zywave

MARCH 20, 2025

We take pride in the continuous improvement of our service, support, and solutions that contribute to a thriving, resilient insurance industry. Growth in rating, quoting and connectivity: In 2024, Zywave strengthened its position as the largest enabler of digital quoting in the industry.

Cyber 52

Cyber Broker Premium Risk 52

Boston ERISA & Insurance Litigation

DECEMBER 5, 2024

To me, the consistent theme that underlies all of the discussion is the ability of AI tools to improve the industrys ability to understand, interpret, manipulate and manage massive amounts of data (and also the risks of bad faith claims from doing so).

Premium 40

Premium Risk Underwriter Underwriting 40

Triple-I: Homeowners Insurance

OCTOBER 14, 2024

AM Best and Fitch Ratings each issued reports last week warning that Milton could stretch liquidity of Florida-based residential insurers that are primarily focused on protecting in-state homeowners. But experts closer to Florida’s insurance industry cast doubt on those assertions. Join us in Miami, Nov. 19 and 20.

Premium 111

Premium Risk Home Insurance Claim 111

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

In a recent article for PropertyCasualty360 , Berven wrote that inconsistent building codes create alarming safety disparities from state to state and that improved codes are essential to reducing risk and post-disaster recovery costs. “The U.S.

Building 65

Building Risk Casualty Insurance Premium 65

Triple-I: Homeowners Insurance

JUNE 26, 2024

Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. In 2022, average homeowners premium rates rose more than 17 percent, to $3,040.

Premium 52

Premium Property Insurance Claim Policyholder 52

Triple-I: Homeowners Insurance

JANUARY 13, 2025

While the perception of overall severe weather risks varies significantly by region, 65 percent of the participants nationwide believed their home is at risk from thunderstorms, according to the new report, Catastrophic Weather Events and Mitigation: Survey of Homeowners by the Insurance Research Council (IRC), a division of The Institutes.

Policyholder 79

Policyholder Claim Premium Risk 79

American Agents Alliance

FEBRUARY 7, 2025

One of the most challenging and unpredictable issues facing the insurance industry lately is social inflation. This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation.

Broker-Agent 52

Broker-Agent Risk Policyholder Agents 52

Triple-I: Homeowners Insurance

JULY 9, 2024

Restoring power to millions of Texans could take days or even weeks, subjecting residents who will not have air conditioning to further risk as a sweltering heatwave settles over the state. So, you have to think about the roof coverage on your home insurance policy,” Porfilio said. The P/C industry has $1.1.

Risk 52

Risk Premium Damage Policy 52

Tosten Marketing

FEBRUARY 27, 2025

Preventive Measures To protect your business further, implement preventive measures such as: Regular maintenance checks of plumbing and appliances Installation of water detection systems Conducting regular plumbing inspections Some insurers may even offer premium discounts for businesses that take these proactive steps.

Commercial Property 52

Commercial Property Property Insurance Damage Commercial 52

American Agents Alliance

MARCH 3, 2025

AI has rapidly transformed the insurance industry and more changes will continue as the technology and use cases mature. New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

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. The industry’s estimated net combined ratio of 99.4 The line’s 2024 net written premium growth rate of 14.5

Commercial 68

Commercial Underwriter Underwriting General Liability 68

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

Every dollar invested in disaster resilience could save 13 in property damage, remediation, and economic impact costs, suggesting risk mitigation and recovery strategies will become even more essential as natural catastrophe severity increases. Discounts in lower-rated jurisdictions, however, still equate to large premium reductions.

Premium 59

Premium Risk Property Damage Damage 59

Majesco

MAY 23, 2024

Insurance company profit margin results right now are like trying to keep water in a leaking bucket. Can insurers fill the bucket with the right premiums as fast as claims pour out potential profits? It’s about rethinking underwriting and claims as well as rethinking risk resilience.

Risk 40

Risk Underwriter Underwriting Insurance 40

American Agents Alliance

DECEMBER 8, 2024

2025 will bring new ideas, innovations, and changes to an ever-evolving insurance industry. Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

Protect Commercial Insurance

OCTOBER 11, 2024

As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. Businesses now need to consider how climate change might impact their insurance premiums and coverage.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

InsuredMine

OCTOBER 25, 2024

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. The global protection gap—a measure of uninsured risk—looms large, projected to reach $1.86 Traditional insurance models are struggling to keep pace with a rapidly evolving world.

Risk 59

Risk Insurance Industry Business Interruption Claim 59

Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Majesco

OCTOBER 10, 2024

Risk vs. reward. Perhaps there is no more appropriate location to discuss it than Las Vegas, the undisputed home of risks and rewards. Next week, many of us will meet and chat at ITC 2024, filled with the excitement of game-changing technologies and insurance startups.

Risk 40

Risk Auto Insurance Premium Underwriter 40

Protect Commercial Insurance

SEPTEMBER 6, 2024

Insurers are likely to offer packages that cover not just the immediate financial repercussions of a breach but also the long-term costs associated with recovery, legal disputes, and regulatory fines. As a result, businesses can anticipate more competitive pricing and smarter risk management provided by their insurers.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Property Insurance Centre

OCTOBER 18, 2024

Flooding, storm damage, and subsidence were major contributors to these claims, with homeowners and businesses alike suffering significant financial losses​ CityAM AXA UK home page The Growing Cost of Flood Damage Flooding continues to be one of the most significant risks facing UK property owners.

Property Insurance 52

Property Insurance Premium Insurance Insurer 52

InsuredMine

MAY 2, 2024

Can you imagine a world where your car could automatically adjust your insurance premium based on how safely you drive? Or what if your home insurance could send you alerts about potential risks and offer customized coverage options?

Insurance 52

Insurance Insurer Insured Insurance Industry 52

Boston ERISA & Insurance Litigation

AUGUST 30, 2024

The relationship between climate change and the insurance industry has been a favorite hobbyhorse of mine for over a decade, since I learned that Lloyds was closely studying the potential impact of climate change on insurance rates, profits, underwriting and the like.

Insurance 40

Insurance Insurer Insured Premium 40

Protect Commercial Insurance

SEPTEMBER 13, 2024

This impartial approach allows them to access a wide array of policies from various insurers, ensuring that businesses can choose from a broad range of options. Expertise and Industry Knowledge One of the significant advantages of using a broker is their extensive knowledge of the insurance industry.

Commercial Insurance 52

Commercial Insurance Broker Commercial Broker-Agent 52

Protect Commercial Insurance

DECEMBER 6, 2024

Early Developments in Business Coverage Long before modern commercial insurance, businesses faced the daunting task of safeguarding their assets against unforeseen calamities. The notion of business coverage can be traced back to medieval times, when the shipping industry first implemented rudimentary forms of risk management.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insurer 52

Jackson & Jackson

MAY 22, 2024

However, with great opportunities come great risks. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It protects against perils like fire, explosions, storms, and other risks outlined in the policy.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

Jackson & Jackson

AUGUST 16, 2024

The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners. Wildfires, in particular, have become a significant concern for insurers in California.

Insurance 52

Insurance Insurer Insured Risk 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. Secrecy surrounding TPLF prevents insurers and regulators from identifying, let alone mitigating, the risks of increased costs and time to resolve claims disputes.

Out-Of-Pocket 65

Out-Of-Pocket Broker-Agent Premium Claim 65

Bankers Insurance

MAY 16, 2024

Sustained losses inflicted by natural disasters spurred some insurance companies to pull out of the homeowners insurance market in high-risk areas, such as California and Florida, leaving residents with fewer options and higher prices. Even among typical homeowners policies, premiums likely increased year over year.

Home Insurance 52

Home Insurance Policyholder Insurance Insurer 52

American Agents Alliance

AUGUST 10, 2024

Severe weather is transforming the auto insurance industry. This means insurers must adapt to changing weather patterns and increasing unpredictability. Focused on the impacts of severe weather events on the auto insurance and repair industries, the report gives timely details on the future of the industry.

Auto Insurance 40

Auto Insurance Broker-Agent Agents Policyholder 40

Majesco

NOVEMBER 14, 2024

Today it is a much broader community of not only startups, but established companies – both insurers and technology partners, which was obvious when you went through the exhibit hall. The impact is being felt with increased operational costs, a fight for talent, rising customer expectations, profitability challenges, and intensifying risks.

Insurance Industry 53

Insurance Industry Risk Commercial Insurance 53

Freeway Insurance

NOVEMBER 24, 2024

If two carriages collided, there simply wasnt a huge risk of damage due to their low speed. Laying Down the Law: The First Car Insurance Policies Motorized automobiles started cropping up in the late 1800s. In the beginning, people would piece together their plans by buying various policies that addressed different risks.

Auto Insurance 52

Auto Insurance Insurance Insurer Insured 52

Freeway Insurance

JANUARY 6, 2025

The idea is that carriers want your business for all of your insurance needs, so if you purchase multiple plans together, they can reward you with lower premiums. If youre looking to save money on car insurance, getting a bundle deal is an appealing option. Are There Any Disadvantages to Bundling Home and Auto Insurance?

Auto Insurance 52

Auto Insurance Insurance Insurer Insured 52

Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. The insurance infield turns grounders into outs, just as MLB infielders turn hits into double plays. For insurers, the grand slam is an exceptional customer experience with optimized operations. The ball never hits the dirt.

Premium 40

Premium Underwriter Underwriting Claim 40

Triple-I: Business Insurance

APRIL 4, 2024

Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. The FBI’s recommendations for solutions to minimize risk and impact include: Ramping up cybersecurity protocols such as two-factor authentication. More robust payment verification practices.

Financial Loss 52

Financial Loss Cyber Crime Risk 52

Triple-I: Workers Compensation

APRIL 4, 2022

By Max Dorfman, Research Writer The coronavirus pandemic and the financial challenges it presents have fueled growth in captive insurance – a form of self-insurance in which one or more entities establish their own insurance company. They also may insure the risks of organizations other than their major owners.

Workers Compensation 40

Workers Compensation Insurance Insurer Insured 40

American Agents Alliance

DECEMBER 14, 2024

Shifting insurance market conditions will bring new risks and opportunities for agents and brokers. The insurance business has always been dynamic, with different lines of business and markets heavily influenced by macroeconomic conditions, changing consumer demands, and cyclical market shifts.

Broker-Agent 40

Broker-Agent Agents Broker Insurance 40

Bankers Insurance

NOVEMBER 15, 2023

Where are Pipes and Sprinkler Systems Most at Risk of Freezing? Pipes and sprinkler systems face a higher risk of freezing in specific areas of a building or property where temperatures can significantly drop during cold weather. Running water is less likely to freeze, reducing the risk of burst pipes.

Protection 52

Protection Damage Building Property Damage 52