Industry News
What is the strongest P&C distribution channel in the US?
Of the $765 billion in total premium written in the US in 2021, personal lines accounted for approximately 50% to the total premiums, commercial lines
Florida P&C insurers see drop in new litigation
The number of new litigated claims among Florida’s largest property and casualty insurers dropped 4% month over month in July, according to a new report
Public entities face tricky 7/1 renewals as (re)insurers dodge volatile liability arena
Public entities underpin state and local infrastructure, providing crucial services like law enforcement, schooling, and social care to communities across the United States. When delivering
Automotive hacking – the cyber risk auto insurers must consider
“When you think about how thefts of vehicles happened traditionally, somebody needed to hotwire or manually break into a vehicle,” said Sandee Perfetto (pictured), senior
CSAA faces lawsuit over claims it overcharged auto insurance policyholders $150 million
According to the lawsuit, the number of miles driven by motorists sharply dropped during the onset of the pandemic in March 2020. In the same
Zurich declares its highest first-half operating profit surge in 14 years
Mario Greco, Zurich Group chief executive officer, praised the results, saying they show “the solidity of our business and the value of our mid-term transformation.”
The insurtech “hot air balloon” has a tear
This month, Gallagher Re released its quarterly insurtech report, and found that while funding had improved on Q1 into Q2, it remained more than 50%
Florida’s insurance woes caused by two factors – report
Triple-I pointed out that homeowners in Florida pay the highest average property insurance premium in America at $4,231 – almost three times the national average