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 …

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Insurance Journal

JULY 17, 2024

Then came the letter from her condo association announcing a 300% increase in insurance premiums, … Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives.

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Property Insurance Coverage Law

AUGUST 25, 2024

I was invited to a CEO Summit at Harvard this weekend, and the CEOs all had this question: “What is up with our insurance premiums? Insurance premiums are up for everyone. Business … The post What Is Up With Insurance Premiums Other Than They Are Going Up? Can we cut the costs?”

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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 …

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TGS

OCTOBER 3, 2024

TGS Insurance » Blog 10 Factors That Affect Homeowners Insurance Premiums in Florida When it comes to homeowners insurance premiums, several factors come into play, and understanding them can be the key to managing your costs. Let’s dig into the 10 factors that affect homeowners insurance premiums in Florida—and everywhere else, too.

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Top Insurance Blogs

OCTOBER 9, 2024

How come you always dress like you’re doing your […] The post Design better graphics with The Premium Photoshop Add-On Bundle appeared first on My Top Insurance Blogs. You’ll have all the Slurm you can drink when you’re partying with Slurms McKenzie Hey, tell me something. You’ve got all this money.

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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) …

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Insurance Journal

JULY 14, 2024

By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said independent agents have …

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Insurance Journal

SEPTEMBER 25, 2024

Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To …

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Triple-I: Homeowners Insurance

JUNE 26, 2024

Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. In 2022, average homeowners premium rates rose more than 17 percent, to $3,040.

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PSM Brokerage

AUGUST 7, 2024

Preliminary average Part D premiums will be released later this summer, with the finalized 2025 landscape available in mid-to-late September. The base beneficiary premium for 2025 will be $36.78, an increase of $2.08

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Insurance Marine News

SEPTEMBER 16, 2024

Join Us The post Gard, NorthStandard, lead premium income: Tysers P&I Review 2023-24 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Boyle Agency Insurance

APRIL 27, 2024

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. When pursuing lower premiums in Homeowners Insurance, eliminating or reducing these considerations is essential. Below we offer some factors that may affect NJ Homeowners Insurance premiums.

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Insurance Journal

OCTOBER 10, 2024

With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever. The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. The …

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Client Focus

APRIL 16, 2024

Their average annual premium. Average premium is about $2300 (on 1.8 Average premium is around $4000 (on 3 policies per household). The post Customers x Premium x Years appeared first on Client Focus. We found out that he never turns a profit on the bottom half of his customers.) Their average years of retention. (Of

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Insurance Journal

OCTOBER 10, 2024

A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage. Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty to 90 counts including grand theft auto, …

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Insurance Journal

SEPTEMBER 12, 2024

excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total property/casualty market to 9%, according … For the sixth straight year, U.S.

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ProWriters

JANUARY 3, 2024

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. This rise in D&O claims is expected to push premiums upward as insurers recalibrate risk assessments.

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Insurance Journal

AUGUST 20, 2024

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

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QuickQuote

MAY 25, 2023

Single premium life insurance allows you to pay for your entire policy upfront. How does single premium life insurance work? Keep reading to determine if single premium life insurance is. Keep reading to determine if single premium life insurance is.

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Agency Intelligence

OCTOBER 14, 2022

Insurance premium financing is an ideal solution for insurance providers, agents, and brokers looking to provide the best possible service to their insureds. What is business insurance premium financing? What is business insurance premium financing? Business insurance premium financing […]

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Insurance Journal

AUGUST 9, 2024

Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income from premiums, but missed analysts’ view, sending its shares to over a six month low. The company’s gross written premiums …

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Insurance Journal

JULY 12, 2024

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

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Insurance Journal

SEPTEMBER 22, 2024

The news from California and Florida about how disasters, skyrocketing premiums and carrier withdrawals are making coverages hard to find and afford naturally raises concerns in other states. Consumers are hearing a lot about insurance difficulties around the country. New …

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Insurance Journal

SEPTEMBER 11, 2024

An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The Case …

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Triple-I: Homeowners Insurance

MAY 8, 2024

But it’s important to remember that the crisis wasn’t created overnight and that it will take time for the reforms and other developments to be reflected in policyholder premiums. One factor keeping upward pressure on rates is fraud and legal system abuse. With only 15 percent of U.S.

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Insurance Journal

AUGUST 28, 2024

Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows. For car insurance, so-called policy shopping rates — essentially the share of …

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Insurance Journal

AUGUST 29, 2024

plans to expand in Asia to diversify its premiums and counter tepid growth at home. generates 82% of its premiums in South Africa. South Africa-based general insurer Santam Ltd. The insurer, a subsidiary of financial services group Sanlam Ltd., “We …

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Insurance Journal

SEPTEMBER 24, 2024

surplus lines market for the first time surpassed the $100 billion mark in direct premiums written, and some of the risk that has found non-admitted insurers might stay there beyond an eventual turn in the market … In 2023 the U.S.

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Insurance Journal

SEPTEMBER 9, 2024

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

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Insurance Journal

JULY 12, 2024

Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023. The initial rate request …

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Insurance Journal

OCTOBER 6, 2024

With the rise of nuclear lawsuit verdicts and “big-truck attorneys,” escalating premiums, and new state laws and regulations, it’s a lot to think about. By William Rabb Finding insurance coverage for trucking firms could be considered a high-stress occupation. But …

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Insurance Journal

SEPTEMBER 10, 2024

Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline. Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries.

Liability 223

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Insurance Journal

AUGUST 16, 2024

Florida authorities have 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 negligence …

Insurance Agent 252

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Insurance Journal

AUGUST 29, 2024

“After years of consistent losses, premium growth is helping the overall … property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

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Insurance Journal

JULY 25, 2024

Houston residents could see a greater discount on their federal flood insurance premiums as soon as next spring after the Houston City Council on Tuesday approved a watershed master plan expected to improve the city’s class rating in FEMA’s National …

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Insurance Journal

AUGUST 14, 2024

British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main businesses are in …

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