Australia's largest insurance companies are facing mounting criticism for significantly raising premiums while posting record profits, leading to accusations of price gouging and contributing to inflation. In a climate where many Australians are already grappling with rising living costs, these
The financial services landscape is witnessing significant technological advancements, and companies are increasingly leveraging advanced platforms to streamline their operations. One notable example of this trend is Jetty, a financial services company focusing on making home renting more
In a significant milestone for Millennial Specialty Insurance, LLC (MSI), the independent managing general agency successfully surpassed $1 billion in in-force written premiums during the second quarter of 2024. This extraordinary achievement underscores MSI's commitment to excellence, highlighting
Amid the swelling concerns over the impacts of climate change, the insurance industry is increasingly turning to innovative solutions to manage the financial consequences of natural disasters. One such solution gaining traction is parametric reinsurance, a product designed to offer streamlined and
Markel Group has recently announced a significant move, relocating its insurance division to City Square House in Leeds. This decision is not merely a matter of geographical change but a strategic milestone that more than doubles the company’s office space to an impressive 20,000 square feet. By
In a remarkable stride for the InsurTech sector, Canadian startup YouSet has successfully closed an oversubscribed seed funding round, raising a commendable $3.5 million. Launched in 2017, YouSet has swiftly emerged as a pivotal player in the insurance industry, driven by its mission to simplify
In today's evolving insurance landscape, accurate risk assessment has become increasingly crucial. With natural disasters becoming more frequent and populations expanding into higher-risk areas, the need for precise data on insured locations is greater than ever. Innovative address technologies,
The current state of the environmental liability insurance market remains remarkably stable despite the increasing threat of emerging contaminants and heightened regulatory scrutiny. This dynamic market, heavily monitored for changes in underwriting practices and premium rates, attracts attention
A beacon of impressive growth in the insurance sector, Inszone Insurance Services has recently ascended to the #33 spot on the Insurance Journal’s Top 100 Independent Property/Casualty Agencies list for 2024. This remarkable climb, from their initial entry at #86 in 2021, is a testament to the
In the second quarter of 2024, the U.S. commercial insurance market witnessed a marked deceleration in premium increases, representing a major shift in market dynamics largely propelled by the Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index for Q2/2024. This
