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The Top Insurance Employers report is one of IBA’s most eagerly anticipated special features, highlighting firms that go above and beyond to provide supportive, engaging, and rewarding environments for their teams. In an industry facing intense competition for talent, these organizations are standing out by investing in people-first cultures, career development, and inclusive practices.
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[ad_1] Claims severity has risen, especially with high-profile systemic events and persistent privacy litigation. At the same time, Schnur said, underwriting practices have become more refined, and clients, particularly those in the mid-market and enterprise tiers, are significantly more cyber-savvy than they were five years ago. [ad_2] Source link
[ad_1] In today’s turbulent economy, few industries feel the impact of inflation as acutely as the construction sector. Inflation has caused unprecedented material costs, casting a shadow of uncertainty over construction projects, large and small. Alongside material challenges, companies can expect other consequences of the construction inflation rate, such as project delays and increased operational…
[ad_1] “Before the collapse, this carrier was willing to take on significant portions of coverage, sometimes assuming 40-60% of a placement on a quota-share basis,” he told Insurance Business. “However, after the incident, they have reassessed their approach. Now, they are cutting back their limits—where they once provided $250 million in coverage, they may now…
[ad_1] Truss Peak specializes in reinsurance and acquisitions within the life insurance sector. The firm provides services such as asset management, operations, actuarial consulting, sales, and accounting to companies undergoing structural transitions. It is backed by South Summit Capital Management LLC, a private capital single-family office, and Thayer Street Partners, a New York-based investment firm. …
[ad_1] Carriers like Mercury General, with a strong presence in California, reported heavier losses. The state’s FAIR Plan, which insurers high-risk properties, also reported significant losses, estimated at $4 billion. Its cash and surplus levels are expected to drop from $1.5 billion at the start of the year to $305 million by June, prompting a…
[ad_1] The case, Gerald J. Candeloro v. Allstate Insurance Co., et al., involves a dispute between Gerald J. Candeloro and Jason Garoppolo, an Allstate agent and owner of the insurer’s Groton, Connecticut franchise. Candeloro, who owns property in Mystic, Connecticut, had consistently purchased a FEMA flood insurance policy for the property through Allstate since 2000….
