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Insurance Business - News & Analysis for Brokers

Insurance Business Magazine is the leading business magazine for today’s sophisticated commercial Insurance Broker!

Actived: Saturday Jan 16, 2021

URL: https://www.insurancebusinessmag.com/us/

Insurance Business - News & Analysis for Brokers

Details: Insurance Business Magazine is the leading business magazine for today’s sophisticated commercial Insurance Broker!

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Insurers rethink client and broker strategies heading into

Details: Over the course of 2020, the insurance industry and its various participants, from brokerages and agencies to insurtechs and carriers, have had to undergo a significant shift in how they do

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The key issues of 2021 that will colour the insurance

Details: The following is an editorial by Alicja Grzadkowska, senior news editor at Insurance Business. To reach out to Alicja, email her at [email protected]. This coming year will, in many ways, see a

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Insurance brokers sue over discrimination | Insurance Business

Details: Three insurance brokers in Baltimore, MD have filed complaints with the state regulator over allegations that an insurance company is discriminating against the predominantly Black neighborhoods

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Ascot Group names chief executive for US insurance unit

Details: Bermuda-domiciled specialty insurance and reinsurance group Ascot has appointed its US insurance boss. In a release, Ascot Group said Matthew Kramer is joining later in the quarter to take on the

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Allianz sets climate aim for investments | Insurance Business

Details: Allianz has revealed concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds. This is the first time the global insurer has done so, and it

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AXA XL taps new general counsel | Insurance Business

Details: Rosado is admitted to both the New York and California bars and is a member of the Association of Life Insurance Counsel’s Litigation Committee. She also serves on the board of directors of the

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Californian insurance agents arraigned over alleged near

Details: Two insurance agents were arraigned in Los Angeles County Superior Court earlier this week for allegedly accepting more than $687,000 in insurance premium payments from business owners, and then

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RT Specialty unveils new leadership team | Insurance Business

Details: Drive business with the wholesale insurance market. Latest news. SolarWinds trojan hack estimated to cost cyber insurers $90 million. As many as 18,000 customers, including Fortune 500 companies

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Hub scoops up Ohio agency | Insurance Business

Details: Read more: Hub acquires Christiansen Insurance Group “Preferred Benefits will be a great addition to our growing employee benefits team in the region,” said Chet Rhoads, president of Hub HDH.

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Insurance News - Breaking News | Insurance Business

Details: Revealed: Massive verdict in business interruption insurance case. 15 Jan 2021. It's a decision that could have repercussions across the global insurance industry

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Insurance News, Opinion & Analysis | Insurance Business Canada

Details: Insurance Business Canada is an award-winning news and analysis site for insurance brokers and other industry professionals.

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Hired and non-owned auto insurance – everything you need

Details: HNOA insurance used to be a standard extension to commercial auto policies for a nominal charge. However, years of unhealthy combined ratios, sustained losses and inadequate rates in commercial

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Top 10 health insurance companies in the US | Insurance

Details: In the US, there are a host of private healthcare insurance specialists. However, life/annuity and property/casualty insurers also write this coverage, often referred to as accident and health

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What is protection and indemnity insurance? | Insurance

Details: P&I insurance is often provided by a P&I club, which is essentially a mutual insurance association that provides risk pooling, information, representation and risk mitigation for its members.

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Insurance post-COVID – here’s how to get ready | Insurance

Details: Insurance provides tremendous protection for the wealth of society, it reduces fear and uncertainty, helps to stimulate growth and production, and [ensures that] economic security is maximized.”

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What is a wholesale insurance broker? | Insurance Business

Details: A wholesale insurance broker acts as an intermediary between a retail broker and an insurance carrier. Wholesale insurance brokers rarely have direct contact with the insured; rather, the retail

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Home insurance rates in Florida to significantly increase

Details: Insurance rates in the state of Florida are set to increase next year, and experts are concerned that the industry is headed towards a crisis. For 2021, Florida’s Office of Insurance Regulation

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Top 10 cyber insurance companies in the US | Insurance

Details: Package cyber insurance market. Insurers writing cyber insurance as part of a package policy reported roughly $915 million in premium writings. The top 10 insurers represent 71.8% of the market. 1

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Top 15 insurtech companies in the US | Insurance Business

Details: Next Insurance is an online insurance platform that helps SMEs and entrepreneurs secure and grow their businesses. The insurtech start-up offers services across industries such as beauty, cleaning

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What is an MGA? | Insurance Business

Details: A managing general agent (MGA) or a managing general underwriter (MGU) is a specialised type of insurance agent or broker that has been granted underwriting authority by an insurer, according to

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Hall of Fame 2020 - Insurance Business Mag

Details: The insurance industry, at its core, is about people – a fact that has never been more apparent than this year, in the middle of a global pandemic that has tested every area of the industry.

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Top Producers 2020 - Insurance Business

Details: For the sixth year in a row, Insurance Business America is highlighting the best-performing insurance professionals from around the country. These 90 insurance brokers collectively earned $160.4

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Insurance agency sues ex-employees who left after boss

Details: Californian insurance agents arraigned over alleged near-$700,000 theft. Clients claim that agents pocketed their premiums for personal use. Ascot Group names chief executive for US insurance unit.

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Why war exclusions need to evolve for cyber insurance to

Details: Insurance can act as a key tool in addressing pervasive cybersecurity vulnerabilities, but, according to one report, “Cyber insurance is not yet mature enough to fulfill its potential, partly

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Top 10 home insurance providers in the US | Insurance Business

Details: Auto-Owners Insurance Overall customer satisfaction index rating: 843. Auto-Owners Insurance operates in 26 states and is represented by more than 6,200 independent agencies, consisting of 37,000

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How insurance professionals can advance their careers in

Details: Other insurance professionals may have switched careers before or during the pandemic hit, putting them in the unique position of having to learn the ropes at a new company, while dealing with the

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What is trade credit insurance? | Insurance Business

Details: Trade credit insurance protects manufacturers, traders and service providers against losses from non-payment of a commercial trade debt. If a buyer does not pay (often due to bankruptcy or

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Insurance's rising stars of 2020 announced | Insurance

Details: Insurance Business America has released its 2020 Rising Stars list, naming the up-and-coming professionals aged 35 and below, who are on track to becoming tomorrow’s industry leaders.. From an

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OnStar Insurance president: ‘The intent is to satisfy a

Details: General Motors’ (GM) recently announced insurance venture has made waves in the industry, with the car manufacturer launching its own insurance unit, OnStar Insurance, powered by the technology

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Top 10 flood insurance companies in the US | Insurance

Details: Zurich Insurance Group Direct Written Premiums: $77,128 Market Share: 11.0%. Zurich is a multi-line insurer that provides a diverse range of property and casualty products and services, as well as

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Homebuyers flock to Florida; but insurance rates cast a

Details: “The last thing an insurance company wants is to under-insure a dwelling for $200,000 and then end up in some sort of litigation process where the replacement cost of the house is actually $300,000.

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7 reasons the insurance agent is a dead profession walking

Details: Last year saw huge growth in early-stage insurance tech deal activity, and 2016 is poised to set even greater records with 24 seed or Series A deals just two months into the year. The group of

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FCA orders Inspire Insurance Services to cease operations

Details: The Financial Conduct Authority (FCA) has ordered Coventry-based Inspire Insurance Services Ltd to cease trading effective October 23. An advisory on the company’s website, which is currently

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Measuring the scale of Amazon’s threat to the insurance

Details: Amazon’s movement into the insurance industry picked up pace in the second half of 2018, as Travelers announced a partnership with the technology giant that will see the insurer sell smart home

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New insurance plan covers cyber bullying | Insurance Business

Details: A Massachusetts-based insurance company has announced the launch of a cyber insurance product that covers cyber bullying. About half of young people nationwide have experienced cyber bullying, and

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Tesla Insurance could potentially be America's biggest

Details: Tesla Insurance – the auto insurance offshoot of Tesla Inc. – could become one of the largest auto insurers in America, if the unit’s valuation by chief executive Elon Musk is to be believed.

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What is representations and warranties insurance

Details: Representations and warranties (R&W) insurance – also known as warranty and indemnity (W&I) insurance – is designed to cover unknown and unintended breaches of representations and warranties

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Breaking News | Insurance Business Canada

Details: Insurance association outlines key risks facing auto insureds – and how brokers can help. Auto insurers in Saskatchewan saved nearly $170 million in 2020 – report. 14 Jan 2021.

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What is builder's risk insurance? | Insurance Business

Details: Builder’s risk insurance, sometimes referred to as course of construction insurance, covers a contractor’s property, material and equipment relating to a building or project under construction.

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Insurance agents struggle to meet digital demands of

Details: The insurance industry, however, is often the antithesis of the qualities associated with the millennial generation. Insurance companies are highly regulated and, as a result, they sometimes can

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Newsletter | Insurance Business Canada

Details: The Future of Insurance Canada: An unprecedented online briefing from the industry's CEOs. On the 3rd and 4th November, The Future of Insurance Canada (Online) by Reuters Events will provide the

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Compare Sports Liability Insurance | Insurance Business Canada

Details: Sports Liability insurance provides comprehensive financial coverage for sport-related activities and businesses. As organizing and playing sports comes with a wide range of potential risks, any

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What is parametric insurance? | Insurance Business

Details: Parametric insurance products are developing rapidly around the world. They’ve been described by global law firm Clyde & Co as “an elegant solution for risk-transfer concerns” and are lauded

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Revealed: Massive verdict in business interruption

Details: The insurers were Arch Insurance (UK) Ltd, Argenta Syndicate Management Ltd, Hiscox Insurance Company Ltd, MS Amlin Underwriting Ltd, QBE UK Limited and Royal & Sun Alliance Insurance Plc (RSA).

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