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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Property Insurance Coverage Law

AUGUST 20, 2024

But if it were, its average premium for regular homeowner’s insurance would have to … The post Florida Property Insurance Rates and Premiums Are Going Up Even More: All United States Property Insurance Premiums Are Rising appeared first on Property Insurance Coverage Law Blog.

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Insurance Journal

JULY 17, 2024

Then came the letter from her condo association announcing a 300% increase in insurance premiums, … Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives.

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Property Insurance Coverage Law

AUGUST 25, 2024

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. Business … The post What Is Up With Insurance Premiums Other Than They Are Going Up? Can we cut the costs?”

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Elmore

OCTOBER 19, 2024

Insurers are attempting to stem persistent losses on their underwriting The post Home insurance premiums to keep rising in ‘difficult year’ appeared first on Elmore Insurance Brokers.

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Smart Insurance Agents

OCTOBER 14, 2024

Everything You Need to Know About $0 Monthly Premium Medicare Advantage Plans Medicare Advantage plans can offer a zero monthly premium due to how they are funded by the federal government. Private insurers receive subsidies to manage Medicare benefits, allowing them to reduce or eliminate premiums for beneficiaries.

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TGS

OCTOBER 3, 2024

TGS Insurance » Blog 10 Factors That Affect Homeowners Insurance Premiums in Florida When it comes to homeowners insurance premiums, several factors come into play, and understanding them can be the key to managing your costs. Let’s dig into the 10 factors that affect homeowners insurance premiums in Florida—and everywhere else, too.

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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

JULY 14, 2024

By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said independent agents have …

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Top Insurance Blogs

OCTOBER 9, 2024

How come you always dress like you’re doing your […] The post Design better graphics with The Premium Photoshop Add-On Bundle appeared first on My Top Insurance Blogs. You’ll have all the Slurm you can drink when you’re partying with Slurms McKenzie Hey, tell me something. You’ve got all this money.

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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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Home Insurance Premium Insurance Insurer 331

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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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.

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PSM Brokerage

AUGUST 7, 2024

Preliminary average Part D premiums will be released later this summer, with the finalized 2025 landscape available in mid-to-late September. The base beneficiary premium for 2025 will be $36.78, an increase of $2.08

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Boyle Agency Insurance

APRIL 27, 2024

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. When pursuing lower premiums in Homeowners Insurance, eliminating or reducing these considerations is essential. Below we offer some factors that may affect NJ Homeowners Insurance premiums.

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Insurance Marine News

SEPTEMBER 16, 2024

Join Us The post Gard, NorthStandard, lead premium income: Tysers P&I Review 2023-24 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Insurance Journal

SEPTEMBER 12, 2024

excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total property/casualty market to 9%, according … For the sixth straight year, U.S.

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Insurance Journal

OCTOBER 17, 2024

billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve development, and higher investment income. Travelers on Thursday said third quarter net income was $1.26 The New …

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Insurance Journal

OCTOBER 10, 2024

With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever. The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. The …

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Insurance Journal

OCTOBER 15, 2024

They provide some premium relief for the insured. Deductibles serve several purposes. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not …

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Insurance Journal

AUGUST 20, 2024

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

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Client Focus

APRIL 16, 2024

Their average annual premium. Average premium is about $2300 (on 1.8 Average premium is around $4000 (on 3 policies per household). The post Customers x Premium x Years appeared first on Client Focus. We found out that he never turns a profit on the bottom half of his customers.) Their average years of retention. (Of

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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 …

Workers Comp 290

Workers Comp Premium Compensation Insurance 290

ProWriters

JANUARY 3, 2024

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. This rise in D&O claims is expected to push premiums upward as insurers recalibrate risk assessments.

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QuickQuote

MAY 25, 2023

Single premium life insurance allows you to pay for your entire policy upfront. How does single premium life insurance work? Keep reading to determine if single premium life insurance is. Keep reading to determine if single premium life insurance is.

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Insurance Journal

AUGUST 29, 2024

plans to expand in Asia to diversify its premiums and counter tepid growth at home. generates 82% of its premiums in South Africa. South Africa-based general insurer Santam Ltd. The insurer, a subsidiary of financial services group Sanlam Ltd., “We …

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Agency Intelligence

OCTOBER 14, 2022

Insurance premium financing is an ideal solution for insurance providers, agents, and brokers looking to provide the best possible service to their insureds. What is business insurance premium financing? What is business insurance premium financing? Business insurance premium financing […]

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Insurance Journal

AUGUST 9, 2024

Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income from premiums, but missed analysts’ view, sending its shares to over a six month low. The company’s gross written premiums …

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Insurance Journal

OCTOBER 6, 2024

Even in an environment of rising rates in which 36% of small business owners have experienced premium increases during the past year, overall … When it comes to small business owners and their insurance providers, trust matters. So do personalized relationships.

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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.

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Insurance Journal

SEPTEMBER 22, 2024

The news from California and Florida about how disasters, skyrocketing premiums and carrier withdrawals are making coverages hard to find and afford naturally raises concerns in other states. Consumers are hearing a lot about insurance difficulties around the country. New …

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Insurance Journal

SEPTEMBER 9, 2024

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

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Risk Cyber Premium Insured 298

Insurance Journal

OCTOBER 6, 2024

With the rise of nuclear lawsuit verdicts and “big-truck attorneys,” escalating premiums, and new state laws and regulations, it’s a lot to think about. By William Rabb Finding insurance coverage for trucking firms could be considered a high-stress occupation. But …

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Insurance Journal

SEPTEMBER 11, 2024

An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The Case …

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Property Insurance Premium Insurance Insurer 290

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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Triple-I: Homeowners Insurance

MAY 8, 2024

But it’s important to remember that the crisis wasn’t created overnight and that it will take time for the reforms and other developments to be reflected in policyholder premiums. One factor keeping upward pressure on rates is fraud and legal system abuse. With only 15 percent of U.S.

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Insurance Journal

SEPTEMBER 10, 2024

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

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