Insurance Journal

JUNE 9, 2025

Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM Best, the January …

Underwriter 278

Underwriter Underwriting Premium 278

Insurance Journal

JULY 31, 2024

Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …

Premium 276

Premium Workers Comp Compensation Workers Compensation 276

Insurance Journal

SEPTEMBER 9, 2024

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz, 34, was arrested …

Workers Comp 263

Workers Comp Premium Compensation Workers Compensation 263

Insurance Journal

NOVEMBER 3, 2024

By Andrea Wells Fewer agencies reported increases in premium on their agency errors and omissions renewal policies from 2023 to 2024, according to Insurance Journalis annual Agency E&O survey, which polls buyers of the coverage on pricing and trends on …

Premium 246

Premium Policy Insured Insurance 246

Insurance Journal

JANUARY 20, 2025

AP) Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by …

Premium 246

Premium Insured Insurance Insurer 246

Insurance Journal

NOVEMBER 12, 2024

US Premium Finance, a division of Atlanta-based Ameris Bank, named Alan Malone director of sales and marketing. Malone has more than 30 years of experience in insurance premium finance. He was previously senior vice president and regional sales manager at …

Premium 245

Premium Insured Insurance Insurer 245

Insurance Journal

NOVEMBER 21, 2024

Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter. According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose …

Premium 246

Premium Commercial Broker-Agent Commercial Property 246

Insurance Journal

MARCH 27, 2025

A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing, then using the loans …

Insurance Broker 251

Insurance Broker Premium Broker Insured 251

Insurance Journal

NOVEMBER 3, 2024

Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of reasons for premium increases in policy renewals). It moves the …

Premium 246

Premium Policy Insured Insurance 246

AMAXX

MARCH 24, 2025

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

Workers Comp 104

Workers Comp Premium Workers Compensation Compensation 104

Insurance Journal

DECEMBER 10, 2024

billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 Of the 28 insurers reviewed, more than …

Premium 246

Premium Commercial Insured Insurance 246

Insurance Journal

NOVEMBER 21, 2024

A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known as Leo, is set for sentencing in February, …

Insurance Agents 264

Insurance Agents Insurance Agent Premium Agents 264

Insurance Journal

NOVEMBER 4, 2024

North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance indemnity or federal assistance. In most cases, the …

Premium 264

Premium Underwriter Underwriting Property Insurance 264

Insurance Journal

SEPTEMBER 11, 2024

Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022, according to the International Underwriting Association (IUA). The …

Premium 264

Premium Underwriter Underwriting 264

Insurance Journal

DECEMBER 19, 2024

However, 2025 is expected to present more challenges, with falling yields and moderating premium … European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years.

Premium 245

Premium Insured Insurance Insurer 245

Insurance Journal

MARCH 9, 2025

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a report from a state task force. Maryland’s Joint Enforcement …

Premium 255

Premium Workers Comp Injury Compensation 255

Insurance Journal

AUGUST 20, 2024

Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said the money it …

Premium 264

Premium Claim Insured Insurance 264

Insurance Journal

DECEMBER 15, 2024

Discover practical strategies to reduce your insurance premiums during an economic downturn. This post is part of a series sponsored by Trucordia. Learn how to save money without compromising on coverage. As the economic landscape fluctuates, so does the insurance …

Premium 240

Premium Insured Insurance Insurer 240

Insurance Journal

FEBRUARY 20, 2025

2024 ended as steady as ever with “no real change in current market conditions” as respondents of a recent survey reported most lines of business in the last quarter had average increases in premiums about the same or …

Premium 228

Premium Commercial Cyber 228

Insurance Journal

FEBRUARY 24, 2025

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a new report from a state task force. Maryland’s Joint …

Premium 221

Premium Injury Compensation Insurance Companies 221

Insurance Journal

SEPTEMBER 1, 2024

Florida authorities in August arrested a well-known southwest Florida insurance agent, charging him with larceny and embezzlement of premiums. Reid McDaniel, 33, who was named the honorary mayor of North Fort Myers last year but who also was facing a …

Insurance Agents 243

Insurance Agents Insurance Agent Premium Agents 243

Insurance Journal

JUNE 1, 2025

By Chad Hemenway According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2%–down 22% from the last three months of 2024 and …

Commercial 235

Commercial Commercial Property Broker-Agent Insurance Agents 235

Top Insurance Blogs

APRIL 16, 2025

Some of the top questions new policyholders love to have answers to about their premiums before buying any car insurance coverage even on a good discount include but are not limited to: When shopping for car insurance, many intending car owners often concentrate on getting low insurance rates.

Premium 88

Premium Policyholder Insured Insurance 88

Insurance Journal

JUNE 1, 2025

By Andrea Wells Workers’ compensation remained a healthy and profitable line in 2024, but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the National Council on Compensation …

Workers Comp 130

Workers Comp Premium Compensation Claim 130

Insurance Journal

MARCH 25, 2025

premium growth while maintaining underwriting discipline. The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% Lloyd’s saw a continuation of positive returns with profit before tax of 9.6 billion ($12.4 billion) during …

Premium 207

Premium Underwriter Underwriting 207

Insurance Journal

JUNE 1, 2025

Premium renewal rates increased year-over-year for all major commercial lines except workers’ compensation, according to first-quarter 2025 results of the Ivans Index. Compared to fourth-quarter 2024, all lines experienced a decrease in average premium renewal rates except umbrella. Premium renewal …

Commercial 147

Commercial Premium Compensation 147

Insurance Journal

JUNE 1, 2025

Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …

Workers Comp 195

Workers Comp Compensation Premium Insured 195

Insurance Journal

OCTOBER 23, 2024

home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-perils …

Premium 321

Premium Home Insurance Insurance Industry Risk 321

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

Top Insurance Blogs

JUNE 1, 2025

One of the most common questions I get from clients, especially expats and young families, is: Can I pause my life insurance premium payments in Germany? The short answer is: Yes, in many cases, you can pause your life insurance premium payments in Germany, but it […] The post Can I Pause My Life Insurance Premium Payments in Germany?

Life Insurance 64

Life Insurance Premium Insured Insurance 64

Top Insurance Blogs

MAY 29, 2025

I have seen firsthand how powerful the SF Class, also known as the no-claims bonus class, can be in determining car insurance premiums in Germany. What is the […] The post How Does the SF Class (No-Claims Bonus) Affect Premiums in Germany? appeared first on My Top Insurance Blogs.

Premium 69

Premium Claim Insured Insurance 69

Insurance Journal

DECEMBER 1, 2024

The average cost of workers’ compensation insurance in Washington will go up about 3.8% in 2025, the Washington State Department of Labor & Industries announced. Employers and workers together will pay on average roughly $1 per week more for each …

Workers Comp 263

Workers Comp Premium Compensation Workers Compensation 263

Insurance Journal

MARCH 3, 2025

Delaware has begun a program that promises to reduce premiums for 2025 crop insurance plans for producers who had an eligible plan in 2024. The reduction is equal to 30% of the 2024 total premium with a maximum of $10 …

Premium 165

Premium Insured Insurance Insurer 165

Central Insurance

MAY 21, 2025

Learn how the teenSMART program improves teen driver safety and may help lower your auto insurance premium with Central. The post New Teen Driver? Heres What You Need to Know About Safetyand Your Insurance Rates appeared first on Central Insurance Blog.

Auto Insurance 221

Auto Insurance Premium Insured Insurance 221

Insurance Journal

FEBRUARY 27, 2025

British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on track. The company, which offers car, …

Premium 182

Premium Insured Insurance Insurer 182

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 277

Premium Casualty Insurance Underwriter Underwriting 277

Insurance Journal

MARCH 3, 2025

A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident Christopher Cude sued GEICO on Feb. 25, alleging the …

Premium 266

Premium 266