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 192

Premium Underwriter Underwriting 192

Insurance Journal

OCTOBER 17, 2024

billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve development, and higher investment income. Travelers on Thursday said third quarter net income was $1.26 The New …

Underwriting 264

Underwriting Underwriter Premium Commercial 264

Insurance Journal

JULY 19, 2024

reported second quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 The Travelers Companies, Inc. The New York-based insurer posted …

Underwriting 264

Underwriting Underwriter Premium Insurer 264

Insurance Journal

AUGUST 12, 2024

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

Risk 246

Risk Underwriting Underwriter Insurance Carrier 246

Insurance Journal

JANUARY 17, 2025

The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …

Underwriter 264

Underwriter Underwriting Insurance Industry Commercial 264

Insurance Journal

OCTOBER 27, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 278

Commercial Auto Insurance Underwriter Underwriting 278

Insurance Journal

MARCH 3, 2025

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 …

Underwriter 258

Underwriter Underwriting Liability Premium 258

Insurance Journal

NOVEMBER 13, 2024

Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024.

Auto Insurance 246

Auto Insurance Commercial Underwriter Underwriting 246

Insurance Journal

NOVEMBER 17, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 245

Commercial Auto Insurance Underwriter Underwriting 245

Insurance Journal

APRIL 20, 2025

premium growth while maintaining underwriting discipline. Howard 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 …

Premium 130

Premium Underwriter Underwriting 130

AMAXX

MARCH 24, 2025

In this final part of our series exploring the nine elements of independent premium audits, we turn our focus to specialized situations and nuanced adjustments auditors carefully evaluate. Auditors disallow estimates, making precise documentation vital to receiving the intended premium savings associated with this exception.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

Rough Notes

MAY 30, 2025

Premiums are rising, underwriting standards are tightening, and expectations for digital efficiency have never been higher. As agents work to navigate these pressures, many are taking a […]

Underwriter 93

Underwriter Underwriting Agents Premium 93

Insurance Journal

MARCH 25, 2025

The overall industry’s underwriting results were profitable. The 2024 combined ratio losses and expenses divided by premium, … Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results.

Casualty Insurance 192

Casualty Insurance Underwriter Underwriting Premium 192

Triple-I: Workers Compensation

FEBRUARY 14, 2025

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. A ratio above 100 indicates a loss.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

Insurance Journal

NOVEMBER 17, 2024

As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …

Underwriting 130

Underwriting Underwriter Broker-Agent Deductible 130

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Understanding how these two factors interact can help businesses reduce their premiums and improve workplace safety. Underwriters view very large losses as rare and unlikely to repeat.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

Insurance Journal

DECEMBER 1, 2024

Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024.

Commercial 130

Commercial Auto Insurance Underwriter Underwriting 130

Insurance Journal

MARCH 23, 2025

D&O Dampening “Despite recently favorable statutory underwriting results, the softer pricing of the past couple of years could ultimately dampen the financial performance of D&O insurers because the premium base to support future claims activity has diminished, even as risks …

Underwriter 130

Underwriter Underwriting Premium Claim 130

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

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. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

Commercial 68

Commercial Underwriting Underwriter General Liability 68

Final Expense Brokerage

JANUARY 29, 2025

However, this market comes with its own set of challenges, including price sensitivity, unique underwriting processes, and sometimes, a lack of awareness among consumers. Key products to consider include: Whole Life Insurance : A staple for final expense agents, it provides lifelong coverage at affordable premiums.

Insurance Agents 130

Insurance Agents Insurance Agent Agents Building 130

PSM Brokerage

FEBRUARY 27, 2025

The Birthday Rule is gaining traction across the country, allowing Medicare Supplement policyholders to switch plans without medical underwriting around their birthday each year. Reduced underwriting can lead to higher premiums , increased policy lapses, and fewer carriers remaining in the market. in 2024 vs. 13.0%

Underwriting 52

Underwriting Underwriter Policyholder Premium 52

Elmore

OCTOBER 19, 2024

Insurers are attempting to stem persistent losses on their underwriting The post Home insurance premiums to keep rising in ‘difficult year’ appeared first on Elmore Insurance Brokers.

Home Insurance 52

Home Insurance Premium Insurance Broker Underwriter 52

AMAXX

MAY 21, 2025

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” Even when an insurance company writes the check, that money comes from the premiums paid by the employer. Carrier adjustments reflect underwriting discretion, including credit for safety programs. roofing vs. clerical work).

Workers Comp 66

Workers Comp Workers Compensation Premium Injury 66

Triple-I: Business Insurance

OCTOBER 25, 2024

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This trend has been accompanied by steady growth in net written premiums (NWP).

Underwriting 52

Underwriting Underwriter Commercial Auto Insurance 52

Triple-I: Homeowners Insurance

APRIL 10, 2025

Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the states risk profile continues to evolve in ways that impede progress, according to the most recent Triple-I Issues Brief. Like many states, California has suffered greatly from climate-related natural catastrophe losses.

Insurer 52

Insurer Insured Insurance Premium 52

American Agents Alliance

APRIL 3, 2025

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. Education is often the first step.

Agents 52

Agents Policyholder Premium Auto Insurance 52

R&R Insurance

FEBRUARY 20, 2025

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. While at first glance, this appears a boon to the bottom line for Wisconsin contractors as work comp premium makes up the lions share of insurance costs.

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

Simply Insurance

JUNE 3, 2025

Remember, the deductible you choose will affect your monthly premium, the lower the amount of coverage you want, the higher your premiums. If you choose a higher deductible, your premiums will be lower. Any insurance policy premium quotes or ranges displayed are non-binding. How To Choose Your Deductible?

Deductible 59

Deductible Home Insurance Insurance Quotes Life Insurance 59

Triple-I: Homeowners Insurance

MAY 15, 2025

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. This advancement was largely attributable to robust net written premium (NWP) expansion, with growth rates of 14.4 demonstrating a substantial 5.1-point

Workers Compensation 45

Workers Compensation General Liability Liability Underwriting 45

ProWriters

NOVEMBER 18, 2024

After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. The D&O Insurance market experienced a favorable underwriting performance in 2023, with the sector seeing its best loss ratio since 2014. With class action settlements totaling $2.1

Premium 101

Premium Cyber Insurer Insured 101

Triple-I: Homeowners Insurance

MAY 13, 2025

Insurers underwrite and price coverage based on the risks theyre assuming, and rising premiums in these states have pushed more homeowners into residual market mechanisms, such as state-backed insurance pools or agencies. In some cases, this has led to insurers limiting or reducing their business in the state.

Risk 52

Risk Underwriting Underwriter Premium 52

TGS

NOVEMBER 5, 2024

TGS Insurance » Blog Homeowners Insurance Underwriting Questions: What to Expect When Getting a Quote So, you’re ready to take the plunge into homeowners insurance. Either way, there’s a step that often surprises people when they go to get a quote—the underwriting process. And, trust me, it can feel a bit like playing 20 Questions.

Underwriting 52

Underwriting Underwriter Insurer Insured 52

Simply Insurance

JUNE 10, 2025

However, you should always ensure that the monthly premium doesnt cost more than what your property brings in on average every month; otherwise, it wont be worth the cost of coverage. Any insurance policy premium quotes or ranges displayed are non-binding. Any insurance policy premium quotes or ranges displayed are non-binding.

Insurance Quotes 72

Insurance Quotes Life Insurance Insurer Insured 72

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.

Premium 52

Premium Insurer Insured Insurance 52

Zywave

MAY 15, 2025

At the point of purchase the exact moment when customers are most receptive to considering protection insurance providers are now able to make instant underwriting decisions. At the same time, they benefit from contextual data that improves underwriting precision. Threat or opportunity?

Broker 52

Broker Insurer Insured Insurance 52

TGS

FEBRUARY 28, 2025

Insurance companies rely on these reports to assess risk when underwriting a new policy. The most common report is the Comprehensive Loss Underwriting Exchange (C.L.U.E.) If a property has multiple claims, it might lead to: Higher premiums Frequent past claims signal higher risk. Why Should Homebuyers and Homeowners Care?

Claim 52

Claim Home Insurance Damage Insurance Agency 52

Boston ERISA & Insurance Litigation

DECEMBER 5, 2024

I was thinking about this because of this article , coincidentally also today, in the Guardian which shows that homeowners premium increases in various parts of the United States align consistently with the extent of that particular part of the countrys increased risk of loss from climate related events.

Premium 40

Premium Risk Underwriting Underwriter 40