Insurance Industry

Commercial Insurance Rates Rise 3% on Average in Q1 2025

Umbrella/excess liability and commercial auto lead with 6.7% hikes; small businesses and transportation sector hit hardest: MarketScout.

M&A Insurance Market Grows Amid Deal Recovery

Insurance Industry Maintains Expectations for Revenue, Staffing Growth

Broker-Led Initiatives Help Reduce Food Export Costs from Ukraine, Promoting Global Stability

Perspective | Remembering Michael Butt: A Legacy of Leadership and Elegance in Insurance

Recently in Insurance Industry

Empathy and a Sense of Purpose: What Drives Frontline Workers’ Comp Employees

In workers’ comp, quick and seamless care produces the best outcomes for injured workers and employers, but the process is rife with opportunities for delay, creating stress for all parties. Three frontline workers share how they navigate those challenges, and what motivates them in their roles coordinating care for injured workers.

U.S. Commercial Lines See Moderate Rate Hikes in Q1 2024

MarketScout reports that U.S. commercial insurance rates rose 3.9% in Q1 2024, led by cyber, auto and property insurance

Celebrating Every Win: The Theo Award Takes a More Detailed Look at Workers’ Comp Excellence

I am excited to launch The Theo Award, I’m proud of Theo’s mission, and I can’t wait to hear your success stories.

Cyber Insurance Market Growth Hindered by Uninsured Risks

Despite a maturing cyber insurance market, Munich Re’s report reveals a significant gap in coverage, with 87% of decision makers feeling inadequately protected against cyberattacks.

Reinsurance Market Shows Positive Trends, Increased Competition

Amid increased competition and capacity, the April 1 reinsurance renewals signal a more predictable market, with competition for higher catastrophe layers, according to a report by Aon.

Lynda Gammons Named Head of Claims Closure Solutions at Willis Towers Watson

The latest hiring announcement within the insurance and risk management industry.

Record $108 Billion Insured Losses from Natural Disasters in 2023

With global insured losses from natural disasters hitting $108 billion in 2023, Swiss Re emphasizes the urgent need for adaptation measures and climate risk mitigation.

U.S. Property/Casualty Industry Records $21.2B Underwriting Loss in 2023

Despite a 9.9% growth in net earned premiums, the US property/casualty industry reported a $21.2 billion underwriting loss in 2023, according to a report by AM Best.

Matthew Massaro Appointed Head of Sales and Underwriting for The Hartford’s Northeast Division

The latest hiring announcement in the insurance industry today.

Hiscox Names Leigh Hellrung as Chief Operating Officer in the U.S.

The latest hiring announcement in the industry today.

George Williams to Lead Small Market Commercial Lines at Nationwide

The latest hiring announcement in the industry today.

Transactional Risk Insurance Remains Robust Amid M&A Downtrend

Despite a dip in M&A activity in 2023, transactional risk insurance thrived, with tech leading the pack in deal value, reveals a Marsh report.

Trey Ingram Hired as CEO of CompSource Mutual Insurance Company

The latest hiring announcement in the workers’ compensation space today.

Insurance Industry Increasingly Adopting AI Technologies, Study Shows

Conning survey reveals a surge in AI adoption within the insurance industry, with large language models leading the tools being explored for sales, underwriting, and claims processing.

Emily Fink Named as Chief Marketing Officer at Sedgwick

The latest hiring announcement in the insurance and risk management industry today.

Matt Jenkins Tapped as New Chief Operating Officer for One Call

The latest hiring announcement in the insurance and risk management industry today.

U.S. P&C Insurance Sector Records Worst Underwriting Loss in Decade

Severe weather losses, reinsurance costs and persistent inflation drive U.S. P&C insurer results in 2023

Insurance Premium Increases Slow Despite Market Challenges, CIAB Survey Says

Despite a slowdown in premium increases, The Council’s Q4 2023 survey reveals rising commercial property premiums and customer dissatisfaction, prompting brokers to prioritize enhancing customer experience.

7 Questions for Sompo International’s Shannon Totten

Learn about making the move to the Bermuda market and why leaders must be dynamic and intentional with Shannon Totten, CPCU.

Master Your Craft: Unveiling the Essential Insurance Designations for Career Advancement

Industry experts know learning continues well into their careers. Designations offer specialized knowledge.