Between 2018 and 2024, the average total payment obligation to the claimant (TPOC) increased by 52%, while the consumer price index rose only 25% over the same period. The data indicates that settlement values are outpacing general inflation, and Verisk’s analysis points to several influencing factors.
Founded in 1971, Market Finders provides access to more than 30 insurance markets, including several with binding authority. The firm offers both personal and commercial lines, including transportation-related coverage. It is led by president Steve Shaffer and maintains a network of retail agent relationships. Source link
Hiscox London Market reported ICWP of $329.7 million, a 4.0% increase from $316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. Source link
A new bill introduced in the New York State Senate proposes to streamline oversight of podiatrists, chiropractors, and psychologists who treat injured workers under the state’s workers’ compensation system. Senate Bill 8240, sponsored by Senator Ramos at the request of the Workers’ Compensation Board, was introduced on May 27, 2025, during the 2025-2026 legislative session….
Jump to winners | Jump to methodology Virtual defenders Cybercriminals work around the clock, but so do America’s top cyber insurance companies – and their efforts haven’t gone unnoticed. In a landscape of relentless digital threats, Insurance Business America recognizes the nation’s leading cyber insurance providers. Thousands of brokers from across the country offered candid assessments…
The potential acquisition aligns with Allianz’s strategic focus on expanding its private credit capabilities. Allianz Global Investors, the asset management arm of Allianz, has been actively enhancing its private credit offerings. In October 2023, AllianzGI launched the Allianz Core Private Markets Fund, a semi-liquid strategy providing professional investors access to a diversified portfolio across private…
