Maine has approved the insurance industry’s filing that will lower workers’ compensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of April 1, 2025. According to Superintendent …
Maine Approves 9.6% Decrease in Workers’ Compensation Costs Read More »
Nearly three months after two wildfires destroyed thousands of homes in the Los Angeles area, officials said the death toll from the blazes had reached 30. A team responded last week following a report of possible human remains at a …
Death Toll From Los Angeles Wildfires Reaches 30 Read More »
The average woman working in the UK financial sector earns about a fifth less than their male colleagues, a reflection of how the gender pay gap has stubbornly persisted even during a period when businesses pledged to address workplace inequity …
Women in UK Financial Services Still Earn a Fifth Less Than Men Read More »
Twenty staffers at a suburban Philadelphia charter school are facing charges related to the alleged physical abuse of students using painful, unapproved techniques to restrain and punish youths in a program meant to help them deal with emotional issues, authorities …
Staffers Face Allegations Related to Abuse of Pennsylvania Charter School Students Read More »
Builders & Tradesmen’s Insurance Services Inc. promoted Jessica Keefe to senior vice president and head of operations. Keefe has more than 20 years of experience in compliance, operations optimization and strategic business growth. Keefe joined BTIS in 2010. BTIS is …
People Moves: BTIS Promotes Keefe to SVP, Head of Operations Read More »
This post is part of a series sponsored by Expert Insured. MGA and wholesale insurance operations are notoriously complex—dozens of moving pieces spread across disconnected tools, email inboxes, and outdated software. From intake and underwriting to document handling and broker …
The Power of Integration: Policy, Workflow, Docs & CRM all in One Platform Read More »
By Chad Hemenway Policy discussions on the use of artificial intelligence in insurance are ‘unfounded’ and ‘detrimental to policyholders,’ according to an analysis from the National Association of Mutual Insurance Companies (NAMIC). The use of AI in insurance underwriting and …
States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded,’ Says NAMIC Read More »
The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA Read More »
By Jahna Jacobson Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Poweris†2025 U.S. Property Claims Satisfaction Study†align with todayis climate of increasingly longer claim cycle times and higher costs …
JD Power: Customers Not Happy With Carrier Property Claims Service Read More »
In the world of mergers and acquisitions (M&A), key person life insurance is often a given; most deals account for it to protect against the unexpected loss of a key executive. But what about the ìwhat ifsî? What if the …
