Property Insurance Coverage Law

SEPTEMBER 13, 2024

William Rabb of the Insurance Journal wrote an article, Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance.

Insurance Industry 170

Insurance Industry Property Insurance Insurance Insurer 170

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

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

OCTOBER 17, 2024

Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations move from pilots in one or two areas to implementations in multiple functions across business lines. But new research identifies …

Insurance Industry 260

Insurance Industry Insurance Insurer Insured 260

Insurance Journal

AUGUST 6, 2024

In the insurance industry, the term “termination” can refer to a few different things. These occur when an insurance policy runs its course and the … This post is part of a series sponsored by AgentSync. First, there are policy terminations.

Insurance Carrier 240

Insurance Carrier Insurance Insurer Insured 240

Insurance Journal

OCTOBER 20, 2024

The insurance industry is undergoing a digital transformation, with companies increasingly adopting cloud-based solutions to enhance their operations. This post is part of a series sponsored by Selectsys. Cloud technology offers unparalleled flexibility, scalability, and security, making it an ideal …

Insurance Industry 225

Insurance Industry Insurance Insurer Insured 225

Insurance Journal

OCTOBER 9, 2024

Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said. The Category 5 hurricane is due to …

Insurance Industry 299

Insurance Industry Insurance Companies Insurance Insurer 299

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 273

Insurance Industry Insurance Insurer Insured 273

Insurance Journal

AUGUST 19, 2024

Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth billions of pounds as part of a drive to boost competitiveness. Executives have written to Chancellor Rachel Reeves calling for …

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Insurance Insurer Insured Insurance Industry 261

Insurance Journal

AUGUST 8, 2024

The Maryland Insurance Administration (MIA) is notifying the insurance industry that the maximum penalties that may be imposed for certain violations of the state’s insurance laws will be going up substantially starting October 1. The legislature (House Bill 67 and …

Insurance Industry 278

Insurance Industry Insurance Insurer Insured 278

Insurance Journal

JULY 23, 2024

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …

Commercial Insurance 273

Commercial Insurance Commercial Insurance Industry Insurance 273

Insurance Journal

SEPTEMBER 5, 2024

Stephens Insurance, LLC, an affiliate of Stephens Inc., He brings more than 25 years of experience in the insurance industry, serving clients … announced Scott Miller will join the firm as a senior vice president within the Property & Casualty practice.

Insurance Industry 264

Insurance Industry Insurance Insurer Insured 264

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 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 …

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Business Interruption Claim Insurance Industry Insurance 312

Insurance Journal

SEPTEMBER 29, 2024

The insurance industry is undergoing significant transformation, driven by the adoption of automation in Business Process Outsourcing (BPO). This post is part of a series sponsored by Selectsys. By integrating technologies like artificial intelligence (AI), machine learning (ML), and robotic …

Insurance Industry 246

Insurance Industry Insurance Insurer Insured 246

Insurance Journal

OCTOBER 10, 2024

Digital transformation is taking the insurance industry by storm as more agencies, carriers, and MGA/MGUs update their manual processes in favor of modern, automated solutions. This post is part of a series sponsored by AgentSync. When it comes to a …

Insurance Industry 246

Insurance Industry Insurance Insurer Insured 246

Insurance Journal

SEPTEMBER 3, 2024

Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance industry, according to a new report. The annual loss could rise to $151 billion from the average annual loss of …

Insurance Industry 289

Insurance Industry Insurance Insurer Insured 289

Insurance Journal

OCTOBER 1, 2024

In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale. Instead, the renewal and retention phases are critical touchpoints that can significantly impact an insurer’s … This post is part of a series sponsored by Selectsys.

Policy 246

Policy Insurance Industry Insurance Insurer 246

Insurance Journal

SEPTEMBER 26, 2024

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 … This post is part of a series sponsored by Selectsys.

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Insurance Carrier Policy Insurance Industry Insurance 246

Insurance Journal

JULY 23, 2024

P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. According to the analysis, private passenger auto insurance … S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S.

Underwriting 290

Underwriting Underwriter Auto Insurance Insurance Industry 290

Insurance Journal

OCTOBER 2, 2024

Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics and technology provider. S&P Global Ratings …

Insurance Industry 264

Insurance Industry Insurance Insurer Insured 264

Insurance Journal

SEPTEMBER 19, 2024

Introduction In the insurance industry, quality and consistency are key drivers of customer satisfaction and business success. This post is part of a series sponsored by Selectsys. However, maintaining these standards across all operations can be challenging, especially as companies …

Insurance Industry 246

Insurance Industry Insurance Insurer Insured 246

Insurance Journal

JULY 31, 2024

Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management. The company pioneered the concept of …

Risk 263

Risk Insurance Industry Insurance Insurer 263

Insurance Journal

SEPTEMBER 11, 2024

In the rapidly evolving insurance industry, traditional management systems often fall short of meeting the demands of today’s digital landscape. This post is part of a series sponsored by Selectsys. Manual processes, outdated interfaces, and limited integration capabilities hinder efficiency …

Insurance Industry 244

Insurance Industry Insurance Insurer Insured 244

Property Insurance Coverage Law

OCTOBER 18, 2024

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries.

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Policyholder Property Insurance Insurance Insurer 138

Property Insurance Coverage Law

OCTOBER 2, 2024

Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry.

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Claim Property Insurance Damage Insurance Industry 237

Insurance Journal

SEPTEMBER 17, 2024

Introduction In today’s data-driven world, the ability to quickly and accurately extract information from documents is crucial for the insurance industry. This post is part of a series sponsored by Selectsys. Manual data entry is not only time-consuming but also …

Insurance Industry 253

Insurance Industry Insurance Insurer Insured 253

Insurance Journal

AUGUST 18, 2024

P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. According to the analysis, private …

Underwriting 246

Underwriting Underwriter Insurance Industry Insurance 246

EverQuote

SEPTEMBER 9, 2024

Is it your insurance agency’s goal to grow your business (and in turn, make more money)? If you’re like 99% of agents out there, you’re nodding yes.

Insurance Industry 98

Insurance Industry Agents Insurance Insurer 98

Triple-I: Business Insurance

OCTOBER 1, 2024

However, the strike’s impact will be significantly mitigated by current inventories for each of the impacted insurable goods and the tightness of related just-in-time supply chains. Another way the insurance industry would be affected is from losses from coverage protecting against adverse business costs of events, such as strikes.

Insurance Industry 52

Insurance Industry Business Interruption Commercial Property Commercial 52

Insurance Journal

AUGUST 7, 2024

In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the distribution and administration of specialized insurance products. This post is part of a series sponsored by Dyad.

Underwriting 245

Underwriting Underwriter Agents Insurance Industry 245

Insurance Journal

SEPTEMBER 10, 2024

Grange Insurance Company announced that Cheryl McRae Lebens has been named the company’s Chief Financial Officer, effective January 1, 2025, following Terri Brown’s planned retirement at the end of the year. Brown’s career in the property and casualty Insurance industry …

Casualty Insurance 147

Casualty Insurance Insurance Industry Insurance Insurer 147

Top Insurance Blogs

MARCH 12, 2024

What could be the key challenges facing the insurance sector? The insurance industry has long been considered a cornerstone of financial stability, providing individuals and businesses with protection against unforeseen risks. Are there ways AI and technology can help us tackle these problems?

Insurance Industry 52

Insurance Industry Insurance Insurer Insured 52

Redbird Agents

SEPTEMBER 4, 2024

Attending insurance conferences is a strategic move for any professional in the insurance industry, whether you are an established agent or new to the field. For insurance professionals looking to advance their careers, attending conferences with a clear game plan is vital. Why Attend Insurance Conferences?

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Agents Insurance Industry Insurance Insurer 130

Prof. Allan Manning

FEBRUARY 24, 2023

Speaking of New Zealand, our team are providing valuable assistance to many insureds effected by the Auckland storms and ex-cyclone Gabrielle. With more and more clients experience mental health issues, LMI were the first to include a clinical psychologist as part of our team through Mastering our Minds.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insurance 130

Property Insurance Coverage Law

OCTOBER 1, 2024

Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insurance industry.

Property Insurance 161

Property Insurance Damage Insurance Industry Insurance Companies 161

Insurance Journal

SEPTEMBER 4, 2024

Introducing the Only Comprehensive Platform for Agency Accounting Operations San Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is proud to announce the launch of Direct Bill Automation, a …

Insurance Broker 130

Insurance Broker Broker Insurance Industry Insurance 130