Insurance Journal

MARCH 13, 2025

Two new reports highlight the stagnant mergers and acquisitions in the insurance industry in 2024. In fact, global insurance carrier M&As slumped to a 16-year low in 2024 amid a wave uncertainty and volatility through the year, Clyde & Co.’s ’s …

Insurance Carrier 214

Insurance Carrier Insurance Industry Insurance Insured 214

Insurance Journal

AUGUST 6, 2024

In the insurance industry, the term “termination” can refer to a few different things. These occur when an insurance policy runs its course and the … This post is part of a series sponsored by AgentSync. First, there are policy terminations.

Insurance Carrier 240

Insurance Carrier Insurance Insured Insurer 240

Insurance Journal

APRIL 15, 2025

American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Group, founded in 2006, …

Insurance Carrier 165

Insurance Carrier Property Insurance Insurance Insured 165

Insurance Journal

JUNE 1, 2025

It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and policyholders who spoke at a recent U.S. Senate hearing …

Property Damage 130

Property Damage Insurance Carrier Policyholder Damage 130

Insurance Journal

JUNE 5, 2025

Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the completion of a deployment that …

Workers Comp 179

Workers Comp Casualty Insurance Insurance Carrier Broker 179

Insurance Journal

MAY 14, 2025

It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports on property damage in recent years. It’s also major national insurers, including Allstate and State Farm, adjusters and policyholders alleged at a U.S. Senate hearing …

Property Damage 317

Property Damage Insurance Carrier Policyholder Damage 317

Insurance Journal

SEPTEMBER 8, 2024

The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in the first six months of this …

Insurance Carrier 263

Insurance Carrier Insurance Insured Insurer 263

Friendly Agent

SEPTEMBER 11, 2020

So you have taken your insurance exam and got a license to sell insurance. Now, you want to start selling insurance? Before you do, you need to get an insurance carrier appointment. What is an insurance carrier appointment? How to get a direct insurance carrier appointment as a new agent?

Insurance Carrier 130

Insurance Carrier Agents License Commercial 130

Insurance Journal

OCTOBER 30, 2024

Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …

Claim 299

Claim Insurance Carrier Insurance Claim Insurance 299

Insurance Journal

JANUARY 27, 2025

Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp. Mangrove, with offices in Tallahassee, will be the 10th new insurer …

Property Insurance 292

Property Insurance Insurance Carrier Insurance Insured 292

Insurance Journal

JANUARY 2, 2025

Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …

Insurance Carrier 290

Insurance Carrier Insurance Insured Insurer 290

Insurance Journal

OCTOBER 6, 2024

By Allen Laman The first half of 2024 set a 15-year low for insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in the first six months …

Insurance Carrier 245

Insurance Carrier Insurance Insured Insurer 245

Insurance Journal

OCTOBER 8, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 290

Insurance Carrier Insurance Broker Broker Insurance 290

Insurance Journal

OCTOBER 31, 2024

Landmark is a Texas-based company that provides third-party administrative solutions for life insurance carriers, Approximately 800,000 users’ data were exposed in … Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May.

Insurance Carrier 289

Insurance Carrier Life Insurance Insurance Insured 289

Insurance Journal

FEBRUARY 17, 2025

This post is part of a series sponsored by AgentSync. New Year, new resolutions, like growing your distribution channel while maintaining compliance! To help you stay on top of your initial appointments, AgentSync Manage and Autopilot use our API-powered architecture …

Insurance Carrier 147

Insurance Carrier Insurance Insured Insurer 147

Insurance Journal

OCTOBER 31, 2024

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. 11th Circuit Court of Appeals …

Insurance Carrier 264

Insurance Carrier Insurance Insured Insurer 264

Insurance Journal

SEPTEMBER 4, 2024

Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the state Department of …

Auto Insurance 264

Auto Insurance Injury Insurance Carrier Claim 264

Insurance Journal

JANUARY 16, 2025

Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance … While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025.

Cyber 264

Cyber Risk Insurance Carrier Insurance 264

Insurance Journal

DECEMBER 20, 2024

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

Policy 264

Policy Insurance Carrier Insurance Insured 264

Insurance Journal

JULY 17, 2024

Georgia employers and their workers’ compensation insurers can rest a little easier after an appeals court this week narrowed the circumstances in which a state guaranty association can seek reimbursement on claims paid after staffing firms’ insurance carriers become insolvent.

Insurance Carrier 263

Insurance Carrier Compensation Claim Workers Compensation 263

Insurance Journal

AUGUST 2, 2024

According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier. Orion180 has announced its expansion into the Buckeye State. Orion180 also operates in Alabama, Arizona, …

Insurance Carrier 263

Insurance Carrier Insurance Insured Insurer 263

Insurance Journal

OCTOBER 16, 2024

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin …

Insurance Carrier 264

Insurance Carrier Insurance Insured Insurer 264

Insurance Journal

JANUARY 14, 2025

DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …

Insurance Carrier 263

Insurance Carrier Liability Damage Insurance 263

Insurance Journal

MAY 14, 2025

It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports on property damage in recent years. It’s also major national insurers, including Allstate and State Farm, adjusters and policyholders alleged at a U.S. Senate hearing …

Property Damage 264

Property Damage Insurance Carrier Policyholder Damage 264

Insurance Journal

AUGUST 9, 2024

reports it is buying First Indemnity of America Insurance Co. FIA), a Morris Plains, New Jersey domiciled insurance carrier specializing in surety bonds for small to medium sized contractors primarily in the Northeast states. La Jolla, California-based Palomar Holdings, Inc.

Insurance Carrier 261

Insurance Carrier Insurance Insured Insurer 261

Insurance Journal

JANUARY 27, 2025

New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …

Insurance Carrier 257

Insurance Carrier Insurance Insured Insurer 257

Insurance Journal

AUGUST 12, 2024

Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. This post is part of a series sponsored by TSIB. If they are going …

Risk 246

Risk Underwriting Underwriter Insurance Carrier 246

Insurance Journal

DECEMBER 15, 2024

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

Insurance Carrier 246

Insurance Carrier Claim Business Interruption Insurance 246

Insurance Journal

NOVEMBER 19, 2024

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

Insurance Carrier 246

Insurance Carrier Claim Policy Insurance 246

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

Insurance Journal

SEPTEMBER 10, 2024

In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline their operations. This post is part of a series sponsored by Selectsys. In this …

Insurance Carrier 244

Insurance Carrier Insurance Insured Insurer 244

Insurance Journal

OCTOBER 20, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 242

Insurance Carrier Insurance Broker Broker Insurance 242

Insurance Journal

DECEMBER 1, 2024

By William Rabb Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that …

Insurance Carrier 240

Insurance Carrier Claim Policy Insurance 240

Insurance Journal

DECEMBER 10, 2024

December 10, 2024 Arrowhead General Insurance Agency, Inc. This non-admitted product is a collaboration between Arrowhead’s Personal Property division and a top-rated insurance carrier, recognized … SAN DIEGO, CA., has announced the launch of a new California E&S Homeowners program.

Personal Property 240

Personal Property Insurance Carrier Insurance Agency Insurance 240

Insurance Journal

FEBRUARY 26, 2025

The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges. The Bureau of Labor Statistics …

Insurance Carrier 237

Insurance Carrier Insurance Industry Insurance Insured 237

Insurance Journal

MARCH 10, 2025

Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round was led by General Catalyst with continued support …

Insurance Carrier 162

Insurance Carrier Commercial Insurance Insured 162

Property Insurance Coverage Law

SEPTEMBER 10, 2024

Losses from recent wildfires in California have led many insurance carriers to scale back, and some have completely ceased writing insurance in several California regions. For homeowners who have found themselves unable to find another company that will insure their property, the California FAIR Plan remains the only option.

Insurance Carrier 244

Insurance Carrier Property Insurance Insurance Insured 244