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

SEPTEMBER 24, 2024

surplus lines market for the first time surpassed the $100 billion mark in direct premiums written, and some of the risk that has found non-admitted insurers might stay there beyond an eventual turn in the market … In 2023 the U.S.

Risk 288

Risk Premium Insurer Insurance 288

AMAXX

MARCH 24, 2025

When an employer receives a revised workers’ compensation premium bill, the accuracy of the bill can be uncertain and confusing. To ensure fairness and correctness, an independent premium audit is highly recommended. Payroll Information A critical step in any premium audit is the review of an employer’s payroll.

Workers Comp 71

Workers Comp Premium Injury Workers Compensation 71

Insurance Journal

NOVEMBER 22, 2024

Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s sigma. “Premium rates are now moderating, …

Life Insurance 278

Life Insurance Premium Claim Risk 278

Insurance Journal

OCTOBER 24, 2024

Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premiums,” found that the average flood insurance …

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Premium Insurer Insurance Insured 264

Insurance Journal

AUGUST 8, 2024

British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by growth in its property risks premiums and fewer catastrophe losses, sending its shares up 10%. The insurer, which commands about …

Premium 264

Premium Insurer Insurance Insured 264

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.

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Liability Claim Risk Premium 264

Property Insurance Coverage Law

DECEMBER 28, 2024

Americas housing market is teetering on the edge of a crisisa situation fueled by climate change, soaring insurance premiums, underinsurance, and systemic failures in addressing these growing risks.

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Premium Property Insurance Insurer Insurance 185

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 Insurer 299

Insurance Journal

NOVEMBER 17, 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 236

Premium Home Insurance Insurance Industry Risk 236

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 …

Premium 306

Premium Insurer Insurance Insured 306

AMAXX

MARCH 24, 2025

In this final part of our series exploring the nine elements of independent premium audits, we turn our focus to specialized situations and nuanced adjustments auditors carefully evaluate. Auditors disallow estimates, making precise documentation vital to receiving the intended premium savings associated with this exception.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

Insurance Journal

FEBRUARY 17, 2025

Embedded insurance is no longer just an emerging trend; it’s becoming a central strategy for retailers and non-insurance brands looking to enhance customer experience, drive loyalty, and generate new revenue streams. With global gross written premiums in embedded insurance projected …

Risk 172

Risk Premium Insurer Insurance 172

AMAXX

FEBRUARY 18, 2025

These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. What Are Classification Rules?

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

Redbird Agents

FEBRUARY 3, 2025

Final expense insurance is one of the most lucrative life insurance markets for independent agents, offering high commission payouts, fast approvals, and steady client demand. If a policy lapses within the first six to nine months, the insurance company will take back your commission through a chargeback.

Agents 130

Agents Premium Policy Life Insurance 130

Majesco

FEBRUARY 13, 2025

Today’s insurance customer is under pressure and assault from every angle: Cyber criminals are using data breaches to access bank accounts and credit. Climate risk is growing, and a greater number of Cat events are threatening people and their property. Risk is growing, shifting, and becoming more complex.

Risk 52

Risk Insurer Insurance Insured 52

Insurance Journal

AUGUST 14, 2024

Like single-family homeowners in California, landlords are facing higher insurance premiums, too. Many insurance companies have stopped writing policies in the state because of increased wildfire risks, but that’s … And they’re passing along some of those costs to their tenants.

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Premium Insurer Insurance Insured 173

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. Data indicates that litigation costs have become a pervasive concern for risk management.

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

Property Insurance Centre

MARCH 11, 2025

Buying Blocks of Flats Insurance in London: Key Risks and Costs When it comes to buying blocks of flats insurance in London, the market is becoming more complex for a number of reasons. In London, block of flats insurance comes with unique challenges and considerations compared to the rest of the UK.

Risk 52

Risk Insurer Insurance Insured 52

Protect Commercial Insurance

APRIL 11, 2025

Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. What is Commercial Property Insurance?

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Commercial Property Property Insurance Commercial Insurer 52

Triple-I: Homeowners Insurance

APRIL 10, 2025

Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the states risk profile continues to evolve in ways that impede progress, according to the most recent Triple-I Issues Brief.

Insurer 52

Insurer Insurance Insured Premium 52

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Understanding how these two factors interact can help businesses reduce their premiums and improve workplace safety. Underwriters view very large losses as rare and unlikely to repeat.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

Neilson Marketing Services

JANUARY 30, 2025

The digital space is crowded, and insurance agencies are vying for attention in an industry where trust and expertise matter most. A well-crafted insurance agency website is an essential tool for building credibility, attracting potential clients, and converting leads. A one-size-fits-all approach to website content falls flat.

Insurance Agency 93

Insurance Agency Insurer Insurance Insured 93

Majesco

MARCH 13, 2025

Competing in todays marketplace requires a holistic view of advancement, including a complete grasp of internal and external risks. Most importantly, it requires rethinking your software partner and the risk involved in your partnership. Traditional thinking will not keep pace with market, customer, risk, and technology changes.

Risk 52

Risk Insurer Insurance Insured 52

American Agents Alliance

APRIL 3, 2025

The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Property Insurance Centre

MARCH 21, 2025

7 Best Manchester Block of Flats Insurance Tips Manchesters property market continues to be a hotspot for buy-to-let investors , driven by strong demand, rising rents, and significant regeneration across the city. Insurers often request an EWS1 form or similar documentation to assess fire risks.

Premium 52

Premium Insurer Insurance Insured 52

Insurance Journal

AUGUST 26, 2024

Jim Justice’s family is millions of dollars behind on payments to employees’ health insurance fund at their financially beleaguered hotel, putting workers’ coverage at risk despite the U.S. CHARLESTON, W.Va. (AP) AP) — West Virginia Gov. Senate candidate’s claims otherwise, a …

Claim 289

Claim Risk Insurer Insurance 289

Boyle Agency Insurance

DECEMBER 3, 2024

Auto insurance rates vary from person to person and vehicle to vehicle. That’s because several factors influence the cost of auto insurance premiums. Understanding these can help you make informed decisions about your coverage and potentially save on your auto insurance.

Premium 73

Premium Auto Insurance Out-Of-Pocket Deductible 73

Insurance Journal

MARCH 23, 2025

D&O Dampening “Despite recently favorable statutory underwriting results, the softer pricing of the past couple of years could ultimately dampen the financial performance of D&O insurers because the premium base to support future claims activity has diminished, even as risks …

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Underwriter Underwriting Premium Claim 130

Triple-I: Homeowners Insurance

JANUARY 20, 2025

As generative AI and other technological innovations help streamline the insurance value chain, such processes must continue to align with the human needs intrinsic to insurance, Kempton stressed. Insurance is a human business, Kempton said. In insurance, we talk about mitigating loss, Kempton said.

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Insurer Insurance Insured Insurance Carrier 59

ProWriters

NOVEMBER 18, 2024

As 2024 unfolds, the Directors and Officers (D&O) Insurance market is hitting yet another turning point. After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. 2023: A Year of Stability and Success—But Is It Sustainable?

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Premium Cyber Insurer Insurance 101

Property Insurance Centre

FEBRUARY 10, 2025

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.

Commercial Property 52

Commercial Property Property Insurance Commercial Boiler and Machinery 52

Majesco

MARCH 27, 2025

When she recently realized that her premiums for both vehicles were nearly identical (and they had both gone up), she called her insurance agent. The agent suggested a telematics-based insurance product for the convertible to optimize pricing. The potential premium savings are worth the data sharing.

Auto Insurance 52

Auto Insurance Insurer Insurance Insured 52

Property Insurance Centre

JANUARY 30, 2025

Can I Insure a Partially Empty Block of Flats in the UK? If you own a block of flats with vacant units, you might be wondering whether standard property insurance will cover you. In the UK, insuring a partially empty block of flats is possible, but there are important factors to consider. Why Does Vacancy Affect Insurance?

Property Insurance 52

Property Insurance Insurer Insurance Insured 52

TGS

MARCH 4, 2025

TGS Insurance Blog Driving without insurance in Florida might seem like a way to save a few bucks, but the consequences can be far more costly than youd expect. Florida law requires all drivers to carry a minimum level of insurance coverage, and failing to comply can lead to penalties, legal trouble, and financial headaches.

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Auto Insurance License Insurer Insurance 52

Tosten Marketing

FEBRUARY 27, 2025

At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover? What Water Damage Isn’t Covered?

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Commercial Property Property Insurance Damage Commercial 52

Distinguished

APRIL 14, 2025

But with value comes risk, and standard homeowner insurance policies frequently fall short when it comes to protecting one-of-a-kind instruments. Why Rare Guitars Need Specialized Insurance In 2019, David Gilmours legendary Black Strat was worth $3.9 How Does Distinguisheds Collectibles Insurance Cover Rare Guitars?

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Insurer Insurance Insured Policy 52