Markets
$100B-Plus and Growing: Aon Reports on MGA Market
Aon published a report on the MGA market this week, estimating $109.2 billion in direct premiums written by MGAs in 2024, identifying State National as the biggest MGA-dedicated carrier and ...
Mitchell: Collision Claims for Battery EVs Drop for First Time; Hybrids Up
The number of battery electric vehicle claims in the U.S. dropped for the first time in the second quarter by 7 percent, coinciding with a 6 percent year-over-year reduction in new BEV purchases, a ...
State of the Commercial Transportation Insurance Market: Amwins
The fleet market's supply chain issues, added fuel surcharges, and high-dollar claims are reminiscent of 2020, according to the latest Amwins' State of the Market Transportation report. With the full ...
States Reconsider Setting Speed Limits Based on Outdated 85% Rule
Rose Hammond pushed authorities for years to lower the 55 mph speed limit on a two-lane road that passes her assisted living community, a church, two schools and a busy park that hosts numerous youth ...
Small Biz Customers Rank Erie, Cincy, PHLY Top Insurers; Industry Scores Flat
According to the latest J.D. Power survey of small business insurance customers, overall satisfaction levels are about even with last year, but a lower percentage say they will definitely stay with ...
Agentic AI Is Coming. Insurers Can Help Boost Adoption
When people talk about the forces driving AI innovation, the spotlight usually falls on tech giants and research labs. These institutions may build the models and release the breakthroughs, but ...
W.R. Berkley Forms Berkley Edge; Tailored to Small, Mid-Sized Biz
W.R. Berkley Corp. announced the formation of Berkley Edge, a new business providing professional liability and casualty insurance for small to mid-sized businesses. Berkley Edge will focus on ...
Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide
Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights for its $1.2 billion global reinsurance business to Nationwide. This transaction was previously ...