Why brokers need MGAs, not middlemen
As cybercrime grows more sophisticated, Patrick Costello makes the case for MGAs who prioritize people over products
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Anderson, a commissioned reserve police officer with the Galena Park Police Department, operates a side business providing uniformed motorcycle police escort services to private entities such as funeral homes, athletic teams, and trucking companies. This work, which requires a licensed peace officer, is performed using Anderson’s own police motorcycle, siren, emergency lights, uniform, and other…
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APCIA represents home, auto, and business insurers nationwide and advocates for competitive private insurance markets. Its members include insurers of all sizes and structures, serving families, communities, and businesses across the US and globally. Source link
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With backing from Madison Dearborn Partners and later the Abu Dhabi Investment Authority, the firm has grown under CEO David Ross. Ardonagh has acquired assets in markets including Brazil, Spain and Italy. Last year, it purchased Australia’s PSC Insurance Group for an implied equity value of A$2.3 billion ($1.5 billion), taking the company private and…
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While Lemonade continues to expand its auto insurance business, it has also reported significant growth in its marketing investments. In the fourth quarter of 2024, the company’s sales and marketing expenses climbed to $36 million, up from $13.4 million in the same period the previous year. “Alongside this acceleration, we remained laser focused on marketing…
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“Workers’ compensation fraud is a significant issue, with estimates suggesting it costs insurers between $35 to $44 billion annually,” Sarzen said. “Emerging fraud-fighting techniques centered on data and analytics can enable insurers to identify fraud in real-time, allowing investigators to act more quickly and accurately. This proactive approach is essential for maintaining stability and driving…
Insurance for renewables under pressure as climate risks accelerate: GCube
“That’s not something we can accept, forcing developers to find coverage elsewhere, often in a different market. We are seeing more engagement between lenders, insurance advisors, brokers, and developers to ensure that policies are bankable from the start. This needs to happen early in the process, ideally before construction insurance is finalised,” Luciano added. Source…