Insurance Journal

JANUARY 14, 2025

This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year. The …

Liability 279

Liability Auto Insurance Insurer Insured 279

Insurance Journal

SEPTEMBER 1, 2024

The professional liability market for architects and engineers is continuously adapting to new trends and challenges. While there remains a strong interest in this sector and many insurers … These shifts bring both opportunities and obstacles for brokers and design professionals.

Liability 246

Liability Broker Insured Insurance 246

Insurance Journal

SEPTEMBER 10, 2024

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264

Liability Claim Risk Premium 264

Insurance Journal

JULY 14, 2024

As an insurance organization you understand risk management better than most businesses. You advise clients on how employment practices pose liability risks, but when is the last time you’ve thought about your own risks, particularly when it comes to hiring …

Liability 260

Liability Risk Insured Insurance 260

Insurance Journal

SEPTEMBER 1, 2024

The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly. But the segment faces growing risks from regulatory and technology-related exposures, making the quality …

Liability 245

Liability Risk Liability Insurance Insured 245

Insurance Journal

NOVEMBER 5, 2024

Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …

Liability 246

Liability Risk Underwriter Underwriting 246

Insurance Journal

FEBRUARY 13, 2025

Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages. The company’s new Site Pollution & General Liability (SGL) form provides primary and excess (supported and unsupported) …

Liability 211

Liability Commercial General Liability General Liability Commercial 211

Insurance Journal

FEBRUARY 28, 2025

Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing legal liabilities arising from contractual complexities.

Underwriter 237

Underwriter Underwriting Liability Agents 237

Insurance Journal

NOVEMBER 19, 2024

Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, Gambrell will succeed John V. Bracca, who will retire in January after more than 30 years of service. Gambrell joined Great …

Liability 202

Liability Insured Insurance Insurer 202

Insurance Journal

FEBRUARY 7, 2025

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance.

Auto Insurance 240

Auto Insurance Liability Insured Insurance 240

Insurance Journal

AUGUST 15, 2024

This edition of International People Moves details appointments at the insurers Markel and QBE. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty Markel, the insurance operations within … A summary of these new hires follows here.

Marine 260

Marine Liability Underwriter Underwriting 260

Insurance Journal

JANUARY 29, 2025

The Los Angeles Department of Water and Power is facing the risk of significant financial liability for damages in the utility’s response to the Palisades Fire, according to Pacific Investment Management Co. “Given the sheer size of insured and uninsured …

Liability 189

Liability Damage Risk Insured 189

Insurance Journal

AUGUST 27, 2024

The saga of the Murdaugh family in South Carolina continues, now with a convenience store company suing its liability insurers for failing to defend it against a second lawsuit stemming from the sale of beer to an underage Paul Murdaugh …

Liability Insurance 299

Liability Insurance Liability Insured Insurance 299

Insurance Journal

JANUARY 14, 2025

DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …

Insurance Carrier 263

Insurance Carrier Liability Damage Insured 263

Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insured 240

Insured Insurance Insurer Policy 240

Insurance Journal

OCTOBER 2, 2024

Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation lessors told a London trial on Wednesday. Mark Howard, …

Liability 290

Liability Insured Insurance Insurer 290

Insurance Journal

MARCH 4, 2025

Brookfield Wealth Solutions is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks to tap into strong demand from companies to offload their pension scheme risks to insurers. The move – subject to …

Liability 228

Liability Insured Insurance Insurer 228

Insurance Journal

SEPTEMBER 12, 2024

Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion in cash and assume liabilities and … billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1

Auto Insurance 264

Auto Insurance Liability Insured Insurance 264

Insurance Journal

DECEMBER 6, 2024

In a homeowners insurance subrogation case over water damage … A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty product must provide clear evidence of where they purchased their product.

Liability 246

Liability Damage Insured Insurance 246

Insurance Journal

FEBRUARY 2, 2025

Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. Changes could reduce liability insurance costs for businesses and commercial property owners. Georgia Gov. The reality, though, is more complicated. The evidence is mixed …

Commercial Property 252

Commercial Property Liability Insurance Liability Commercial 252

Insurance Journal

OCTOBER 16, 2024

Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after Steward’s exit from the state, …

Compensation 278

Compensation Liability Protection Risk 278

Insurance Journal

MARCH 30, 2025

Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filings and an ABC News report. Worker advocates …

Injury 288

Injury Worker Injury Liability Insurance Compensation 288

Insurance Journal

NOVEMBER 11, 2024

In today’s fast-paced insurance market, underwriters and wholesalers face increasing pressure to streamline operations, reduce manual processes, and enhance efficiency across multiple lines of business (LOBs). Whether it’s General Liability, … This post is part of a series sponsored by Selectsys.

Underwriter 246

Underwriter Underwriting General Liability Liability 246

Insurance Journal

AUGUST 22, 2024

Insurance Group has expanded its Hanover Work Safe, a group of services promising a personalized approach to worker safety and claims handling. The Hanover Enhances Its Holistic Work Safe Program The Hanover. The Hanover’s claims specialists proactively gain insights into …

Liability 264

Liability Claim Workers Compensation Insured 264

Insurance Journal

NOVEMBER 26, 2024

A commercial general liability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made by Philadelphia Indemnity …

Commercial General Liability 246

Commercial General Liability General Liability Injury Commercial 246

Insurance Journal

MARCH 30, 2025

Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filings and an ABC News report. Worker advocates …

Injury 264

Injury Worker Injury Liability Insurance Compensation 264

Insurance Journal

SEPTEMBER 5, 2024

Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can submit general liability and commercial excess business to FCCI Specialty Insurance …

General Liability 278

General Liability Commercial Liability Insurance Agents 278

Insurance Journal

MARCH 20, 2025

RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. Guy Carpenter was the broker of …

Liability 251

Liability Commercial Broker Insured 251

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. The five-year average count for liability claims increased 24.9

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

Insurance Journal

SEPTEMBER 4, 2024

As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines. Insurance professionals who specialize in PFAS say insurers are mandating coverage exclusions and, in some cases, declining to write liability policies at all …

Underwriter 263

Underwriter Underwriting Liability Policy 263

Insurance Journal

SEPTEMBER 25, 2024

The Iowa Insurance Division has issued a cease-and-desist orderagainst William Campbell and All or Nothing LLC, a Clive, Iowa limited liability company doing business as All or Nothing Roofing and Construction. The order claims that Campbell and his company have …

Liability 263

Liability Claim Insured Insurance 263

Insurance Journal

OCTOBER 30, 2024

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation 260

Workers Compensation Compensation Liability Insurance Liability 260

Boyle Agency Insurance

APRIL 4, 2025

Without proper insurance, you could be held liable. When hiring contractors for home projects, ensuring they have proper insurance coverage is crucial. Let’s explore why verifying contractor insurance matters and how it shields your property during renovations or repairs.

Property Damage 60

Property Damage Injury Damage Liability 60

Insurance Journal

OCTOBER 29, 2024

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation 258

Workers Compensation Compensation Liability Insurance Liability 258

Insurance Journal

DECEMBER 20, 2024

Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …

Risk 264

Risk Liability Claim Insured 264

Insurance Journal

MARCH 3, 2025

Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O liability continued to fall during the first three months …

Underwriter 259

Underwriter Underwriting Liability Premium 259

Insurance Journal

MARCH 28, 2025

property/casualty market with eye on potential changes in directors and officers liability. The latest edition of the Lockton Market Update noted public and private D&O insurance buyers … Broker Lockton early this week issued its outlook of the mostly buyer-friendly U.S.

Liability 217

Liability Broker Insured Insurance 217