Remove Insurance Industry Remove Liability Remove Premium
article thumbnail

Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

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
article thumbnail

AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’

Insurance Journal

Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O liability continued to fall during the first three months …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Homeowners in Georgia’s most climate-risk-vulnerable counties , such as the coastal and most southern parts of the state, can face double-digit premium hikes or nonrenewals. Property damage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher.

article thumbnail

Compare Life Sciences Insurance Quotes Online!

Simply Insurance

How Much Is Aircraft Mechanic Liability Insurance? Drone Insurance Drone Insurance Quotes Pilot Insurance Pilot Insurance Quotes How Much Is Student Pilot Insurance? How Much Is Senior Pilot Insurance? How Much Does Life Sciences Insurance Cost?

article thumbnail

P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, Personal auto insurers reported a 2024 NCR of 95.3, This advancement was largely attributable to robust net written premium (NWP) expansion, with growth rates of 14.4 Homeowners’ insurance experienced an 11.2-point

article thumbnail

Compare Disability Insurance Quotes Online!

Simply Insurance

How Much Is Aircraft Mechanic Liability Insurance? Drone Insurance Drone Insurance Quotes Pilot Insurance Pilot Insurance Quotes How Much Is Student Pilot Insurance? How Much Is Senior Pilot Insurance? The cost of disability insurance by benefit period can vary. Heres what you might pay.

article thumbnail

Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

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 line’s 2024 net written premium growth rate of 14.5