Insurance Journal

APRIL 6, 2025

By Jahna Jacobson Higher premiums and longer wait times make property owners less satisfied with their insurers. Property Claims Satisfaction Studyalign with todayis climate of increasingly longer claim cycle times and higher costs … These not-very-surprising results from J.D. Poweris2025 U.S.

Claim 264

Claim Premium 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.

Liability 264

Liability Claim Risk Premium 264

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. Fast forward 40 or so years and in Vanuatu last week with the earthquake claims I saw many occasions of the very same issue.

Business Interruption 189

Business Interruption Claim Insured Insurer 189

Insurance Journal

MARCH 19, 2025

Higher premiums and longer wait times make property owners less satisfied with their insurers. Property Claims Satisfaction Study align with today’s climate of increasingly longer claim cycle times and higher costs for … These not-very-surprising results from J.D. Power’s 2025 U.S.

Claim 236

Claim Premium Insurance Insured 236

Insurance Journal

JANUARY 9, 2025

If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved a Florida …

Claim 246

Claim Insurance Carrier Premium Workers Compensation 246

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

APRIL 27, 2025

A late amendment to a phosphate mine bill has set off alarm bells among some in the Florida insurance industry, with concerns that it could cut out the heart of 2022 and 2023 legislative changes that disincentivized excessive claims litigation.

Insurance Industry 277

Insurance Industry Claim Insurance Insured 277

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

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

OCTOBER 15, 2024

They provide some premium relief for the insured. 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 … Deductibles serve several purposes.

Deductible 264

Deductible Policyholder Premium Damage 264

AMAXX

MARCH 18, 2025

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.

Workers Compensation 71

Workers Compensation Compensation Claim Workers Comp 71

Insurance Journal

NOVEMBER 17, 2024

They provide some premium relief for the insured. 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 … Deductibles serve several purposes.

Deductible 246

Deductible Policyholder Premium Damage 246

Insurance Journal

FEBRUARY 21, 2025

Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary spike in claims related to air pollution in 2024 in India’s capital, according to nine executives aware of the matter.

Premium 158

Premium Insured Insurer Insurance 158

Insurance Journal

FEBRUARY 27, 2025

French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies and fewer claims for natural catastrophes. Full-year net income jumped by 10% from a year earlier to 7.89 billion euros ($8.28 billion), beating …

Claim 140

Claim Premium Insurance Policy Policy 140

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

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.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

TGS

APRIL 23, 2025

TGS Insurance Blog Roof claims have become a significant concern for homeowners and insurers alike, with costs escalating dramatically in recent years. Shortened Roof Lifespans: In hail-prone states, the average roof lifespan is just 15 years, increasing the frequency of claims. According to Verisk’s “U.S.

Claim 52

Claim Damage Home Insurance Premium 52

Triple-I: Workers Compensation

FEBRUARY 14, 2025

Combined ratio the most common measure of insurer underwriting profitability is calculated by dividing the sum of claim-related losses and expenses by premium. Net combined ratio and net written premium growth rates for Workers Comp are analyzed, forecasted, and reported in Triple-I quarterly members-only webinars.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

Agency Height

JUNE 13, 2025

Will filing a hit-and-run claim raise your insurance rates? Find how different policies impact premiums and what factors insurers consider.

Claim 52

Claim Premium Insured Insurer 52

Insurance Journal

JULY 29, 2024

The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …

Workers Comp 263

Workers Comp Compensation Premium Workers Compensation 263

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. Injury claim severity in the state is slightly higher than in the rest of the country.

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

Property Insurance Centre

FEBRUARY 24, 2025

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums.

Liability 52

Liability Protection Claim Property Insurance 52

Insurance Journal

FEBRUARY 12, 2025

The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers continuously increasing premium rates in 2025. While …

Claim 140

Claim Premium Damage Insured 140

AMAXX

MAY 21, 2025

Every stakeholder in the workers comp process from the claims adjuster to the treating physician, from the attorney to the transportation companyis ultimately working on behalf of the employer. Thats because every claim cost flows directly back to the employer in one way or another. Conversely, a clean record earns lower premiums.

Workers Comp 66

Workers Comp Workers Compensation Premium Injury 66

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Surveillance serves as a powerful tool in validating claims, protecting your organizations financial health, and ensuring resources are dedicated to genuinely injured employees.

Workers Comp 52

Workers Comp Claim Workers Compensation Injury 52

Triple-I: Homeowners Insurance

JUNE 11, 2025

With homeowners insurance expenditures growing much faster than incomes over the past two decades, American households now dedicate an increasing share of their income to insurance premiums. Supply-chain disruptions have inflated material prices and extended project timelines, directly impacting claim settlements.

Insured 59

Insured Insurer Insurance Premium 59

Insurance Journal

AUGUST 26, 2024

Senate candidate’s claims otherwise, a … 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.

Claim 289

Claim Risk Insurance Insured 289

Top Insurance Blogs

JUNE 5, 2025

From minor exaggerations in claims to organized crime rings staging accidents, fraud is a growing issue in the German car insurance market. While the majority of policyholders are honest, the minority committing fraud create significant consequences for everyone, including higher premiums and stricter policies.

Crime 71

Crime Policyholder Premium Insured 71

Insurance Journal

DECEMBER 17, 2024

In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued that it wasn’t litigation and roof claims that had led to so many insurer insolvencies: It …

Property Insurance 264

Property Insurance Insured Insurer Insurance 264

Boyle Agency Insurance

DECEMBER 3, 2024

That’s because several factors influence the cost of auto insurance premiums. A clean driving record with no accidents or violations typically results in lower premiums, as it demonstrates responsible driving behavior. Younger, less experienced drivers often face higher premiums due to a higher perceived risk.

Premium 73

Premium Auto Insurance Out-Of-Pocket Deductible 73

Agency Height

APRIL 9, 2025

Does my home insurance premium increase if a homeowner's insurance claim is rejected?Learn Learn more about factors affecting your insurance

Home Insurance 52

Home Insurance Premium Insurance Claim Claim 52

Solstice Insurance Broker

JANUARY 23, 2025

Brokers should advocate for clients year-round, assisting with claims and policy updates. Break down the plans into digestible pieces: explain premiums, deductibles, and out-of-pocket costs in relatable terms. This means assisting with any claims issues and answering coverage questions. Be their advocate throughout the year.

Out-Of-Pocket 100

Out-Of-Pocket Broker Insurance Broker Deductible 100

Top Insurance Blogs

MAY 26, 2025

But the truth is, understanding this one key concept can save you thousands in premiums and claims. The property insurance deductible can be quite confusing if you are new to the insurance market in Australia.

Deductible 59

Deductible Property Insurance Premium Insured 59

AMAXX

MAY 19, 2025

The workers compensation system may feel like a complex web of insurance premiums, claims adjusters, and legal disputesbut at its core, its rooted in one simple idea: a compromise. Small companies especially found themselves at risk of being put out of operation entirely after just one major injury claim.

Workers Comp 89

Workers Comp Injury Workers Compensation Claim 89

Insurance Journal

NOVEMBER 20, 2024

Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Albritton, R-Wauchula, warned insurers …

Property Insurance 255

Property Insurance Insured Insurer Insurance 255

R&R Insurance

FEBRUARY 20, 2025

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. While at first glance, this appears a boon to the bottom line for Wisconsin contractors as work comp premium makes up the lions share of insurance costs.

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

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 …

Underwriter 130

Underwriter Underwriting Premium Claim 130