Recruitment doesn’t have to be a dull subject. Imagine discussing it in a more enjoyable way at your next management meeting. Viral work trends are an excellent starting point. TikTok alone has 115,000 videos tagged with #CareerTok and over 1 …
Viral Work Trends Q&A: A Fun Way for Your Agency to Discuss Recruiting Read More »
By Andrea Wells Workers’ compensation remained a healthy and profitable line in 2024, but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the National Council on Compensation …
Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI Read More »
By Allen Laman As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the …
Captives to Remain Viable as Market Softens Read More »
Premium renewal rates increased year-over-year for all major commercial lines except workers’ compensation, according to first-quarter 2025 results of the Ivans Index. Compared to fourth-quarter 2024, all lines experienced a decrease in average premium renewal rates except umbrella. Premium renewal …
Renewal Rates Continue Upward YOY for Most Commercial Lines: Ivans Index Read More »
When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore the other 30% when determining profitability? …
May the Combined Ratio R.I.P. (for Measuring Profit) Read More »
By Chad Hemenway According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2%–down 22% from the last three months of 2024 and …
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB Read More »
A former West Virginia volunteer fire official who pleaded guilty to fraud after burning down his home and misusing the fire department’s credit card has been sentenced to 33 months in prison. Donald A. Ennis, 44, of St. Albans, also …
Former WV Fire Official Sentenced to 33 Months for Arson, Insurance Fraud Read More »
ZestyAI announced that the Michigan Department of Insurance and Financial Services has approved its severe convective storm suite. The approval comes as Michigan contends with rising weather-related insurance losses. According to NOAA’s National Centers for Environmental Information (NCEI), the state …
ZestyAI Gains Michigan Approval Read More »
The Texas House gave a thumbs Wednesday to a bill allowing smaller homes on smaller lots in Texas’ biggest cities, part of a broad push by state lawmakers to put a dent in the state’s high home prices. But the …
Texas House Advances Bill to Allow Homes on Smaller Lots Read More »
The Republican-led House of Representatives has narrowly passed a giant tax and spending bill that would end Inflation Reduction Act subsidies for clean power years early. The proposed changes threaten to unravel a variety of incentives that would result in …
Congress Could Unravel Biden’s Climate Law. Here’s What to Watch Read More »
