How wholesale brokers are becoming indispensable in today’s insurance market

[ad_1] The ruling, issued by Judge Cynthia M. Rufe of the US District Court for the Eastern District of Pennsylvania, stems from a March 5, 2022 accident at a high-rise construction site in Philadelphia. A crane’s rigging system detached and fell from an upper level of the site at One Dock Street, striking two workers,…

[ad_1] But it’s not just a matter of replacing warm bodies. The new talent needed – underwriters, data analysts, risk managers – must be as digitally fluent as they are technically trained. As insurers adopt AI, predictive modeling, and automation tools to stay competitive, the bar for new hires has risen. [ad_2] Source link

[ad_1] Complaint is in connection with company’s rehabilitation [ad_2] Source link

[ad_1] Security Group   Coming in second, Security Group spent $212,498 on commission and brokerage expenses in 2024, well in the range of the $311,904 it earned in premiums. This translates to a ratio of 68%, the highest the firm has recorded in five years.   [ad_2] Source link

[ad_1] He cautioned that if the bill becomes law, insurers will have to reassess risk pricing in Florida, and reinsurers are likely to follow suit. He added that these changes would ultimately impact policyholders through higher premiums, calling the bill a reversal of recent reforms. [ad_2] Source link

[ad_1] The case, brought by Christian and Abigail Godinez, sought to hold State Farm accountable for the June 13, 2022, crash, arguing that the insurer’s failure to report the nonrenewal of a truck insurance policy had set off a chain of events that led to the collision. The court, however, found that the plaintiffs’ theory of liability was too speculative and dismissed the…