Commercial Lines
Survey: U.S. Business Owners Seek More Insurance Coverage as AI, Election Risks Loom
Artificial intelligence and the U.S. election have emerged as significant risks to businesses this year with an overwhelming 80 percent of owners worried their insurance will not cover a specific ...
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. ...
NCCI CEO Perspective: Workers Comp Below 90 Again; Line Is Healthy and Resilient
NCCI has a unique role in gathering and analyzing data about the workers compensation system. At our recent Annual Insights Symposium 2024, we shared the latest key performance metrics, research and ...
Employee Who Was Trapped in Elevator Denied Workers Comp Benefits
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers compensation benefits. The employee did not suffer any physical injury while she was ...
WTW: U,S. Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
Broker WTW said commercial lines insurance increased overall by an average of 6.3 percent during the first quarter. Quarterly price increases have been about 6 percent since the global pandemic, WTW ...
AIG Drops Claims Against Former Execs Who Started E&S Insurer Dellwood
American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims ...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7 percent on average in the first quarter of 2024. According to The Council of Insurance Agents and ...
Tokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead
In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way ...