Commercial Lines
Report: California Workers Comp Combined Ratio Highest in 14 Years
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the accident year combined ratio rose to the highest level in 14 years, a new report ...
Zurich NA Names New U.S. National Accounts, Underwriting Leaders
Zurich North America announced key leadership changes in connection with the impending retirement of Paul Lavelle, previously head of U.S. National Accounts. Heather Fox moves into that role, leading ...
Georgia Becomes Second State to Shield Bayer From Roundup Cancer Claims
In a victory for global agrochemical maker Bayer, Georgia has become the second state to shield pesticide manufacturers from some lawsuits claiming that they failed to warn customers of potential ...
At RIMS, Sedgwick Experts Outline Key Workers Comp Claims Trends
At last week's RIMS RISKWORLD conference in Chicago, two experts from risk and claims administration partner Sedgwick outlined a few key workers compensation trends worth paying attention to ...
2024 P/C Insurance Combined Ratio: Best in More Than a Decade
With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry's aggregate 2024 combined ratio was 96.5—marking the lowest ...
Commercial Property Customers Cutting Insurance Corners Despite Risk
As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new ...
Berkshire’s Abel: Utility Ops Rethink Wildfire Approach Amid Litigation
Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate's utilities when the threat of wildfires becomes excessive. Abel ...
CRC Group Acquires ARC in E&S Deal
Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a ...