Commercial Lines
Agents Expect Big Jump in Online Commercial Insurance Shopping: Survey
A majority of independent insurance agents (53 percent) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a ...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state's power grid and a fire at a semi-conductor plant in Japan ...
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...
Over-The-Road Trucker Beats IT Consultant in Job Growth: Indeed Report
The online job site, Indeed.com, posted a list of the top jobs of 2022 last last week, finding that registered nurse positions ranked first in employer demand, salary (using a baseline annual salary ...
Digital Trucking MGA Koffie Raises $11M, Plans 10-State Expansion
A Brooklyn, N.Y,-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company's total funding to date to $15.5 ...
$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re
Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...
‘Cautious Optimism’ for Cyber Buyers as More Focus on Risk Controls: Marsh
While the market for cyber insurance is expected to remain challenging "for the foreseeable future," there is optimism for rate stabilization as organization focus on cyber hygiene, according to ...
Rate Increases Steady in Q2: MarketScout
MarketScout said commercial property/casualty rates in the U.S. during the second quarter of 2022 were about the same as the first quarter, with composite average rate increases across all lines of ...