[ad_1] Net premiums written slip as company reports under IFRS 17 [ad_2] Source link

[ad_1] David A. Sampson, APCIA president and CEO, said insurers will prioritize helping affected customers rebuild and warned residents to be cautious of fraudulent contractors, attorneys, and other third parties that often appear following natural disasters. He encouraged those impacted to reach out to their insurance agents, brokers, or companies quickly. [ad_2] Source link

[ad_1] Alpay and Kickham bring more than 25 years of experience in HVH, flood underwriting, and broader property catastrophe risks. Motion Specialty will draw on Inigo’s underwriting and modeling capabilities, while Johnson & Johnson will support regulatory, licensing, and operational needs. [ad_2] Source link

[ad_1] The broader agribusiness insurance market in the US has been affected by several ongoing challenges. More frequent and severe natural catastrophes, including wildfires, droughts, and hurricanes, have led to rising loss ratios and increased pressure on underwriting capacity. In response, many insurers have tightened terms, raised premiums, or withdrawn from high-risk regions. This has…

[ad_1] They include a new national casualty president and a new marketing chief [ad_2] Source link

[ad_1] When you’re filing an insurance claim, it’s not just about the payout—it’s about how the company treats you along the way. At Central, we pride ourselves on delivering service with genuine care that’s fast, fair, and clear. In fact, our customers have described us as “the best insurance company I’ve ever worked with.”  Read…

[ad_1] Vince Gaffigan, executive vice president and director of risk consulting at Lockton, addressed the increased complexity faced by risk managers today. According to Gaffigan, interconnected global systems in finance, technology, supply chains, and energy, combined with geopolitical shifts and market volatility, have significantly increased the speed at which risks develop. [ad_2] Source link

[ad_1] In response to rising cost pressures, auto insurers saw underwriting results deteriorate, prompting significant adjustments to pricing strategies. “(Auto insurance providers) sought and received approval to raise rates. So, you’ve had several years of back-to-back, in some cases double-digit, rate increases. It culminated in 2024, with underwriting results showing a big improvement as a…

[ad_1] Securities class actions are rising, and insurers are watching closely [ad_2] Source link

[ad_1] Monica Adwani (pictured) has spent nearly 20 years in corporate and independent insurance roles. Raised in Puerto Rico and now based in Massachusetts, she’s seen how systemic oversights – from a lack of bilingual agents to performative DEI programs – fail to meet the needs of Latino entrepreneurs. Real inclusion means designing policies with…

[ad_1] Despite these shifts, commercial auto and umbrella lines continued to see significant pricing increases. Average premiums for commercial auto rose by 10.4%, while umbrella lines were up 9.5%. The CIAB attributed these increases, in part, to losses linked to litigation finance activity.  [ad_2] Source link

[ad_1] Vermont continues to refine its captive insurance laws, with proposed legislation in 2025 focusing on technical corrections and clarifications related to controlled-unaffiliated risk, conversions of captive insurance companies into protected cells, parametric contracts, and confidentiality.  [ad_2] Source link

[ad_1] In April, Georgia enacted significant tort reform through Senate Bills 68 and 69, marking the most comprehensive overhaul of the state’s civil litigation system in nearly two decades. Gov. Brian Kemp signed these bills into law, following a legislative session that prioritized legal system reforms aimed at reducing litigation costs and stabilizing insurance premiums. …

[ad_1] Houston joins The Mutual Group from Keefe, Bruyette & Woods, Inc. (KBW), an investment bank focused on financial services and fintech. At KBW, he most recently served as managing director, advising insurance companies on transactions such as mergers and acquisitions, capital raising, affiliations, divestitures, and restructurings.  [ad_2] Source link

[ad_1] New hire to elevate digital platforms, global partnerships, and marketing impact [ad_2] Source link

[ad_1] The request was opposed by several other regulatory bodies [ad_2] Source link

[ad_1] Terms of the deal were undisclosed [ad_2] Source link

[ad_1] Along with Hansen’s re-election, CWCI announced its 2025 executive committee members, which include Kris Mathis of CopperPoint Insurance Companies a vice chair, Michael Cunningham of Zenith Insurance Company, Amanda Granger of ICW Group Insurance Companies, Carmen Sharp of The Hanover Insurance Group, Vernon Steiner of State Compensation Insurance Fund, and Matthew Zender of AmTrust…

[ad_1] Company also releases its management and professional liability market outlook [ad_2] Source link

[ad_1] The U.S. apparel market spans a wide range of segments—from sportswear and businesswear to discount and luxury fashion. With 2024 revenue reaching approximately $359 billion, the industry continues to grow and thrive, offering lucrative opportunities for clothing vendors for boutiques. Working in the industry is not without challenges, however. Boutiques can face operational hurdles…

[ad_1] Trucking companies keep goods moving and the economy growing. Whether you operate a small fleet hauling building materials or manage local deliveries, the right trucking insurance is key to protecting your drivers, vehicles, and reputation. In this post, Eddie Dreyer, commercial lines staff underwriter at Central Insurance, shares insights on the coverages every company…

[ad_1] Electrical contractors operate in environments where even small mistakes can cause major losses, from fires and equipment breakdowns to injuries and vehicle accidents. While no safety program can eliminate every risk, taking proactive steps to prevent claims and foster a culture of safety can significantly strengthen a company’s risk profile. “Being safety-minded isn’t just…

[ad_1] In a separate transaction, Doxa Insurance Holdings acquired R.V. Nuccio & Associates (RVNA), an MGA that specializes in event-related coverage across entertainment, sports, leisure, recreation, and nonprofit sectors. The acquisition, completed on February 29, 2024, represents Doxa’s entry into a new market segment. Terms of the deal were not disclosed. Founded in 1990, RVNA…

[ad_1] Brassard brings more than 30 years of experience in claims, underwriting, operations, and automation. She will lead efforts to promote AI adoption and intelligent automation across the insurance sector. Brassard previously held senior roles at WR Berkley, Berkley Mid-Atlantic, Colony Specialty, and The Main Street America Group. [ad_2] Source link

[ad_1] Why are industry outlooks for 2025 more cautious? [ad_2] Source link

[ad_1] In a monthly update, Allstate noted slight shifts across its insurance portfolio. Allstate Protection auto policies declined marginally in April, while commercial lines dropped by 31.6%. In contrast, homeowners policies increased by 2.5%, contributing to a 0.3% rise in total policies in force to 37,812.  [ad_2] Source link

[ad_1] Measure fails to address insolvency or premium drivers in state’s troubled market, he says [ad_2] Source link

[ad_1] Company stands by the integrity of the program [ad_2] Source link

[ad_1] The Third Circuit denied these claims. The court said that the settlement plan does not alter the non-settling insurers’ contractual rights, and emphasized that the plan includes language confirming that the terms of the relevant policies remain unchanged. The panel also dismissed the bad faith argument, characterizing it as a restatement of the rights-preservation…

[ad_1] Tenant neglect and crime scores are affecting premium trends [ad_2] Source link