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Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit.

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Business Owner’s Policy (BOP) for Restaurants: Protection from Prep to Plate

Distinguished

More details would be required to underwrite. Q: Will you consider wine bars or establishments with high liquor-to-food sales ratios due to premium pricing? A: Yes, subject to individual risk underwriting. A: There are no specific crime score criteria, but we may utilize crime scores in our underwriting process.

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Data Granularity Keyto Finding Less Risky Parcels in Wildfire Areas

Triple-I: Homeowners Insurance

As high-severity natural catastrophes wildfires, floods, hurricanes, and others become more frequent and more people move into riskier locales, insurance affordability and availability have become a challenge in many states. In some cases, this has led to insurers limiting or reducing their business in the state.

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Personal Finance Statistics

Simply Insurance

About Personal Finance Statistics Discover the top personal finance statistics and how they work together with the insurance industry. DBA Simply Insurance ® in Georgia) " Simply Insurance® is a licensed independent insurance broker and doesnt underwrite any insurance policy described on this website.

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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, point enhancement compared to the prior year and representing the sector’s most favorable underwriting performance since 2013, as detailed in a recent report by Triple-I and Milliman. demonstrating a substantial 5.1-point

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Tariffs can also drive up inflation in the overall economy, increasing labor costs across industries. Here are some ways agents can help: Educate policyholders about costs and rising premiums.

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What Artificial Intelligence in Cyber Security Means for Brokers

ProWriters

For insurers, this means two things: Stricter policy requirements to ensure businesses meet minimum security standards. Insurers are also refining their underwriting processes, using AI-driven analytics to move away from traditional questionnaires and toward real-time risk assessments that adapt to a companys evolving cyber posture.