Tag: Insurance

July 25, 2023

Auto insurance premiums are still on the rise leading consumers, now more than ever, to continue shopping for better deals, according to J.D. Power and TransUnion. “Consumers are not relenting in their desire to find a more attractive premium for […]

July 24, 2023

Despite the rapid evolution of the cyber insurance market, it’s still facing a demand-side problem, according to James Burns (pictured), head of cyber strategy at CFC. The relatively low level of cyber awareness among UK SMEs – which account for […]

July 24, 2023

Life insurance sales conversion rates could become 3-5x higher, according to a new study by BCG, Income Insurance and ZA Tech which explores how to successfully turn digital leads into high value insurance sales. Following the COVID-19 pandemic, many industries […]

July 21, 2023

HUB International Ltd. (HUB), the Chicago-based insurance brokerage and financial services firm, announced the launch of HUB Franchise Insurance Solutions, a digital platform to help franchisors and franchisees manage their insurance needs in one location. With HUB Franchisee Insurance Solutions, […]

July 21, 2023

Porch Group anticipates a $18 million catastrophic weather impact in the second quarter of 2023, due to extreme weather events in June. According to Porch, Q2 is often the worst and riskiest weather quarter of the year for the firm. […]

July 19, 2023

Evertas, the Chicago-based dedicated crypto insurance company, announced the acquisition of Bitsure, the world’s first insurer dedicated to coverage for crypto mining operations. Launched in 2021, Cape Town, South Africa-based Bitsure bound its first mining policy in June of 2022, […]

July 19, 2023

More insurers are choosing to limit their exposure to climate risks, with some major carriers now pulling out of coastal Virginia neighborhoods. WTKR News 3 spoke to one Hampton Roads resident whose homeowner’s policy was dropped by his insurance company […]

July 18, 2023

Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO Elon Musk pledged in 2014 not to “initiate […]

July 17, 2023

Florida State Senator Tracie Davis has called on Governor Ron DeSantis to take immediate action and convene another special session to address skyrocketing insurance premiums and policy cancellations. Davis, who represents Jacksonville, said the property insurance reforms passed after a […]

July 17, 2023

Could self-service and digital quoting and binding be gamechangers for independent agents and brokers working in microbusiness lines? Though they’re the smallest of small businesses, microbusinesses account for the largest portion of small businesses in the United States. They dominate […]

July 14, 2023

Specialist insurer Beazley has released its latest risk and resilience report, titled Spotlight on: Cyber & Technology Risks 2023. The report highlights the shifting landscape of global business risks, specifically focusing on cyber and technology risks, including ransomware attacks and […]

July 14, 2023

Analysts at Goldman Sachs still expected reinsurance broking businesses to report double-digit premium growth in the second quarter of 2023, as well as strong results in retail property and casualty (P&C) globally. In a recent report, analysts discuss pricing and […]

July 13, 2023

The precarious state of Florida’s insurance market could cause the Republican Party to lose votes in the next election, a Trump ex-official has warned. Michael Caputo, who served as the assistant secretary of public affairs under former President Donald Trump’s […]

July 13, 2023

Across the globe, the insurance industry’s talent crunch continues. However, despite recruitment challenges, in certain lines of business many global insurers are expanding, says Graeme Young (pictured above), ANZ director for Eliot Partnership. “I think the overriding feature is the […]

July 12, 2023

The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure […]

July 12, 2023

Farmers will no longer offer coverage in Florida, ending auto, home, and other policies in the state, with the decision set to impact an estimated 100,000 policyholders. The organisation notified the Florida Office of Insurance Regulation (OIR) of its decision. […]

July 11, 2023

Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the potentially costly message a federal appeals court has […]

July 11, 2023

Online insurance agency EverQuote will lay off nearly 100 employees at its Evansville, Indiana office as part of plans to reduce its non-marketing operating expenses by over 15%. A Worker Adjustment and Retraining Notification (WARN) submitted to the Indiana Department […]

July 10, 2023

One of the biggest challenges of a career in life insurance is that it entails dealing with a subject that most people don’t want to talk about – their mortality. On the flipside, life insurance professionals are also given the […]

July 10, 2023

Composite commercial insurance rates in the US held steady in the second quarter, according to a report by MarketScout. Businesses in the US were assessed an average composite rate increase of 5% in Q2, the report found. “While the composite […]