Insurance Journal

FEBRUARY 5, 2025

The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & Specialty Insurance Association (WSIA). 2024 premiums reflected a …

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Insurance Journal

NOVEMBER 21, 2024

A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known as Leo, is set for sentencing in February, …

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Insurance Agent Insurance Agents Premium Agents 264

Insurance Journal

DECEMBER 19, 2024

European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges, with falling yields and moderating premium …

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Top Insurance Blogs

APRIL 16, 2025

Some of the top questions new policyholders love to have answers to about their premiums before buying any car insurance coverage even on a good discount include but are not limited to: When shopping for car insurance, many intending car owners often concentrate on getting low insurance rates.

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Insurance Journal

DECEMBER 15, 2024

Discover practical strategies to reduce your insurance premiums during an economic downturn. As the economic landscape fluctuates, so does the insurance … This post is part of a series sponsored by Trucordia. Learn how to save money without compromising on coverage.

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Premium Insurer Insurance Insured 240

Insurance Journal

AUGUST 20, 2024

Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said the money it …

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Premium Claim Insurer Insurance 264

Insurance Journal

JULY 31, 2024

Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …

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Premium Workers Comp Compensation Workers Compensation 276

Property Insurance Coverage Law

MARCH 15, 2025

Floridas homeowners have been paying ever-increasing insurance premiums, but where has all that money been going? A secret state report, which regulators conveniently left unfinished and never shared with lawmakers, might have held the answer.

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Premium Property Insurance Insurer Insurance 189

Insurance Journal

SEPTEMBER 9, 2024

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz, 34, was arrested …

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Workers Comp Premium Compensation Workers Compensation 263

Insurance Journal

NOVEMBER 3, 2024

By Andrea Wells Fewer agencies reported increases in premium on their agency errors and omissions renewal policies from 2023 to 2024, according to Insurance Journalis annual Agency E&O survey, which polls buyers of the coverage on pricing and trends on …

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Prof. Allan Manning

FEBRUARY 10, 2025

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

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Business Interruption Claim Insurer Insurance 189

Insurance Journal

NOVEMBER 12, 2024

US Premium Finance, a division of Atlanta-based Ameris Bank, named Alan Malone director of sales and marketing. Malone has more than 30 years of experience in insurance premium finance. He was previously senior vice president and regional sales manager at …

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Premium Insurer Insurance Insured 245

Insurance Journal

NOVEMBER 21, 2024

Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter. According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose …

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Premium Commercial Broker-Agent Commercial Property 246

Insurance Journal

NOVEMBER 3, 2024

Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of reasons for premium increases in policy renewals). It moves the …

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Premium Policy Insurer Insurance 246

Property Insurance Coverage Law

AUGUST 20, 2024

Citizens Property Insurance rates are going up. An article in the Miami Times, Citizens Looks to Hike Insurance Rates 14%, explains one reason why the rates are rising even more: The insurer of last resort in Florida isn’t meant to be competitive.

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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.

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Insurance Journal

SEPTEMBER 1, 2024

Florida authorities in August arrested a well-known southwest Florida insurance agent, charging him with larceny and embezzlement of premiums. Reid McDaniel, 33, who was named the honorary mayor of North Fort Myers last year but who also was facing a …

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Insurance Agent Insurance Agents Premium Agents 243

Insurance Journal

MARCH 9, 2025

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a report from a state task force. Maryland’s Joint Enforcement …

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AMAXX

MARCH 24, 2025

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

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Workers Comp Premium Workers Compensation Compensation 104

Property Insurance Coverage Law

AUGUST 25, 2024

Some of you may have noticed that I am in Boston based upon the post, The Boston Insurance Library. I was invited to a CEO Summit at Harvard this weekend, and the CEOs all had this question: “What is up with our insurance premiums? Insurance premiums are up for everyone. Can we cut the costs?”

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Insurance Journal

SEPTEMBER 25, 2024

Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To …

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Insurance Journal

FEBRUARY 24, 2025

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a new report from a state task force. Maryland’s Joint …

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Insurance Journal

NOVEMBER 25, 2024

Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical costs. And legal system …

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Insurance Journal

JANUARY 6, 2025

A former insurance agent plead guilty to stealing premium from a premium finance company. Formerly licensed insurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in Northridge, California, pleaded guilty today …

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Insurance Agent Insurance Agents Agents Premium 264

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 …

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Insurance Journal

JULY 12, 2024

Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023. The initial rate request …

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Premium Insurer Insurance Insured 321

Insurance Journal

MARCH 3, 2025

Delaware has begun a program that promises to reduce premiums for 2025 crop insurance plans for producers who had an eligible plan in 2024. The reduction is equal to 30% of the 2024 total premium with a maximum of $10 …

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Premium Insurer Insurance Insured 165

Insurance Journal

APRIL 14, 2025

Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023. In “Cyber …

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Insurance Journal

JULY 12, 2024

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

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Workers Comp Premium Compensation Insurer 290

Insurance Journal

FEBRUARY 27, 2025

British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on track. The company, which offers car, …

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Premium Insurer Insurance Insured 182

Insurance Journal

MARCH 19, 2025

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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Insurance Journal

AUGUST 28, 2024

Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows. For car insurance, so-called policy shopping rates — essentially the share of …

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Premium Insurer Insurance Insured 306

Insurance Journal

AUGUST 14, 2024

British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main businesses are in …

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Premium Insurer Insurance Insured 278

Insurance Journal

DECEMBER 1, 2024

The average cost of workers’ compensation insurance in Washington will go up about 3.8% in 2025, the Washington State Department of Labor & Industries announced. Employers and workers together will pay on average roughly $1 per week more for each …

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Workers Comp Premium Compensation Workers Compensation 263

Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

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Insurance Journal

APRIL 9, 2025

Orion180, a property insurance and surplus lines carrier founded in Melbourne, Florida, in 2016, has now started writing policies in the state where it is headquartered. And it is doing so with what appears to be an unusual strategy: Rebates …

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Insurance Journal

OCTOBER 10, 2024

A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage. Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty to 90 counts including grand theft auto, …

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