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 …
By Andrew G. Simpson The National Transportation Safety Board (NTSB) is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners …
Maryland Could Have Reduced Risk of Key Bridge Collapse: NTSB Read More »
By L.S. Howard Reinsurance renewal rates continued dropping during January renewals, but U.S. property/catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from Moodyis Ratings. ìThe upcoming midyear 2025 reinsurance renewals, which focus …
US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals Read More »
For many years, agents and brokers have advised clients about the benefits of telematics in reducing commercial auto risks. So, why havenit market conditions improved, and why is distracted driving still so prevalent? The answer comes down to follow- through. …
Why Telematics Alone Won’t Lower Distracted Driving Risks Read More »
PART ONE OF A TWO-PART SERIES At 4:58 a.m. on Jan. 8, the Watch Duty app buzzed: Evacuate. By Russ Banham It was pitch black in the house and the power was off. The Santa Ana winds were howling. As …
An Insurance Journalist’s Perspective on Southern California’a Wildfires Read More »
By Andrea Wells Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to see rate reductions at renewals …
By Denise Johnson Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300 insurance professionals including …
Claims Service, Tech, Communication Top Independent Agent Concerns Read More »
Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald Trump’s sweeping tariff plan. …
Newsom Says California to Seek Tariff Exemptions From Allies Read More »
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re. “The …
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers Read More »
