The first quarter Small Business Index, which measures small business owner confidence, is 62.3—similar t...
If US Inflation Reflected Rising Home Insurance Costs, It'd Be Even Higher
If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about...
If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about...
Article / 9 days ago
Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?
Specialty insurance has experienced significant growth in recent years....
Specialty insurance has experienced significant growth in recent years....
Article / 10 days ago
Buyers' Reinsurance Market Prevails in April Renewals as Reinsurers Seek Growth
Brokers Aon and Gallagher Re described a buyers' reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins...
Brokers Aon and Gallagher Re described a buyers' reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins...
Article / 13 days ago
Middle Market Insurance Expert Details Segment's Landscape
Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. Ben Rockwell, division president of...
Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. Ben Rockwell, division president of...
Video / 23 days ago
Music Festivals Canceled This Year Reveal Rising Costs of Producing Large Events
For four decades, the Riverbend Festival delighted music fans in Tennessee with headlining acts like Lionel Ritchie and ZZ Top, but this year the show won't go on....
For four decades, the Riverbend Festival delighted music fans in Tennessee with headlining acts like Lionel Ritchie and ZZ Top, but this year the show won't go on....
Article / 1 month ago
New Survey Reveals How Independent Agents Are Adapting to the Hard Market
The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale....
The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale....
Article / 1 month ago
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Article / 2 months ago
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Article / 2 months ago
Marsh: ‘Stable' Q4 Commercial Rate Increase of 2%
Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases....
Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases....
Article / 2 months ago
10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023
According to S&P Global Market Intelligence's RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate...
According to S&P Global Market Intelligence's RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate...
Article / 3 months ago