Insurance Journal

MARCH 21, 2025

property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

Insurance Industry

Insurance Journal

SEPTEMBER 16, 2024

A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 property/casualty insurance industry, according to a new report from AM Best. billion profit from underwriting for the U.S. Best’s Special Report, titled, “First …

Underwriter

Insurance Journal

JANUARY 7, 2025

Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. As for commercial P/C insurance, … and UK as a reason for the upgrade.

Commercial

Insurance Journal

APRIL 6, 2025

property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

Insurance Industry

Insurance Journal

SEPTEMBER 15, 2024

The property/casualty insurance industry and excess and surplus lines brokers in particular are at the world’s beck and call to help navigate what is an increasingly risky environment. The industry continues to respond as social, environmental, technological, political, legal, scientific …

Casualty Insurance

Insurance Journal

MARCH 12, 2025

property/casualty insurance industry to post more than $100 billion of net income for 2024and that the biggest underwriting profits contributing to the figure will come from units of Berkshire Hathaway and Progressive. S&P Global Market Intelligence expects the U.S. The …

Underwriter

Property Insurance Coverage Law

NOVEMBER 1, 2024

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims.

Home Insurance

Insurance Journal

MAY 14, 2025

points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5marking the lowest figure since 2013, a new report shows. Fine-tuning a slightly higher industry aggregate … With combined ratios for personal and commercial lines landing only 0.4

Casualty Insurance

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) …

Premium

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

Insurance Journal

FEBRUARY 5, 2025

The insurance industry admittedly may not be as glamorous as high-tech, investment banking, advertising, or Hollywood. After all, consider that the most influential publication on what’s happening in property & casualty insurance is titled IBNR Weekly (where IBNR means incurred …

Casualty Insurance

Insurance Journal

JANUARY 30, 2025

A federal appeals court and the Federal Communications Commission, in one of its first actions under the new presidential administration, have handed down major decisions that many in the insurance industry may see as a double-edged sword. On the one …

Insurance Industry

Insurance Journal

MAY 6, 2025

Mutual of Enumclaw, hired insurance industry veteran Bob Otis as its new president and CEO. Otis has more than 30 years of executive-level experience in property/casualty insurance with several firms, including Allstate, USAA and National Lloyds. Most recently, he was …

Casualty Insurance

Insurance Journal

FEBRUARY 23, 2025

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as … What’s Next for Independent Agents?

Casualty Insurance

Insurance Journal

DECEMBER 11, 2024

property/casualty insurers are positioned favorably heading into 2025, Fitch Ratings forecasted in its annual outlook report. Citing “a strong personal lines turnaround” and “resiliency following an above average hurricane season,” Fitch holds a neutral sector outlook for U.S. P/C …

Casualty Insurance

Insurance Journal

JULY 14, 2024

The economy and the property/casualty insurance industry are inextricably linked together, said Stephen Cooper, … By Jahna Jacobson Inflation is cooling, employment growth is normalizing and the workers’ compensation outlook is good, according to a national economist specializing in workers’ compensation.

Workers Comp

Redbird Agents

NOVEMBER 15, 2024

Filling senior-level roles in the insurance industry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. That’s where partnering with an insurance executive search firm comes into play. Why Work with an Insurance Executive Search Firm?

Insurance

Prof. Allan Manning

APRIL 7, 2024

We will be introducing 3 new important categories for 2025 to honour those that can make or break the way the insuring public view the vital service that the general insurance industry delivers to Australia. Thank you in anticipation and if you are in Sydney on 25 th July please come along.

Claim

Agency Revolution

AUGUST 21, 2024

This strategic hire completes Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector. and Canada.

Broker-Agent

Bankers Insurance

JULY 22, 2024

Westfield’s Legacy of Caring Program Partners with Westfield Insurance Agencies to Support Dozens of Nonprofits Across the Country Westfield partnered with Bankers Insurance to donate $9,500 to the American Red Cross as part of Westfield’s Legacy of Caring program.

Broker-Agent

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The industry’s estimated net combined ratio of 99.4 The net combined ratio for homeowners insurance of 104.9

Commercial

Frankenmuth Insurance

JUNE 20, 2024

Frankenmuth Insurance is exceptionally proud to share that AM Best has once again recognized our company’s commitment to financial strength and stability. At Frankenmuth Insurance, we take pride in protecting what’s important to you, and we’re dedicated to ensuring a bright future for our policyholders.

Casualty Insurance

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

By Lewis Nibbelin, Contributing Writer, Triple-I Natural catastrophe perils rising frequency and severity may be impossible to fully abate, but Nationwide Property & Casualty Insurance Co. President and CEO Mark Berven believes modern building codes could dramatically reduce their costly destructiveness. “The U.S.

Building

Agency Revolution

AUGUST 21, 2024

This strategic hire completes Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. Dan brings over 25 years of extensive experience and leadership expertise within the Property and Casualty insurance sector. and Canada.

Broker-Agent

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. Secrecy surrounding TPLF prevents insurers and regulators from identifying, let alone mitigating, the risks of increased costs and time to resolve claims disputes.

Out-Of-Pocket

Prof. Allan Manning

JULY 5, 2023

Just a reminder that there is only 3 weeks to go before the 2023 Mansfield Awards, which is now in its 7th year! The awards night will be held at The Establishment Ballroom, located at 252 George St, Sydney. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented.

Claim

Zywave

APRIL 25, 2025

Learn how insurance brokers can leverage embedded insurance technology platforms to increase distribution, expand their reach, and drive organic growth.

Insurance Broker

Redbird Agents

JULY 9, 2024

I’ve heard more than once the misconception that selling insurance is easy. If selling insurance was so easy, then why is it that roughly 10 percent of the independent insurance agents generate the vast majority of the sales? Why Do Insurance Agents Fail? Statistics from the insurance industry reveal a different story.

Insurance Agent

Friendly Agent

DECEMBER 3, 2020

I am talking about becoming an insurance agent. Becoming an insurance agent checks all boxes. Your earning potential is based on insurance policies. In fact i’ll argue that the best way to get into an insurance agency business is by working part time initially. How to become an insurance agent?

Insurance Agent

Triple-I: Homeowners Insurance

SEPTEMBER 24, 2024

The Casualty Actuarial Society (CAS) has added to its growing body of research to help actuaries detect and address potential bias in property/casualty insurance pricing with four new reports. Most said they believe the burden should be on the insurers to detect and test their models for potential algorithmic bias.

Risk

Insurance Journal

JANUARY 1, 2025

Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the property/casualty insurance industry as …

Casualty Insurance

Insurance Journal

MAY 18, 2025

Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance industry insiders said the numbers …

Casualty Insurance

LexisNexis

APRIL 22, 2025

DOGE-Like Effort in FL Could Impact Insurance Industry The wave of government efficiency housecleaning thats swept through the federal government has now reached the state government of Florida. If enacted, it could impact property-casualty insurance claims and litigation in the state.

Insurance Industry

Majesco

JANUARY 23, 2025

Why is it so exciting to be an MGA in todays insurance market? How can MGAs benefit from modern insurance technology to facilitate profitable growth? It’s difficult to overemphasize the impact MGAs are having on the insurance industry. MGA growth has been hot the last few years!

Insurance

Triple-I: Homeowners Insurance

APRIL 22, 2025

The Institutes’ Pete Miller and Francis Bouchard of Marsh McLennan discuss how AI is transforming property/casualty insurance as the industry attacks the climate crisis. Climate is not a popular word in Washington, D.C.,

Casualty Insurance