Most People ‘Think’ They Understand Insurance Coverage: Survey
A new survey from Trusted Choice, the national consumer brand that represents members of the Independent Insurance Agents & Brokers of America, reveals that while 86 ...
Markets
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 ...
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 ...
Low Software-Generated Replacement Costs Fuel Suit Against Farmers
Alameda County District Attorney Pamela Price's Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they're operating a ...
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 ...
R&Q: Financial Instability Could Lead to Liquidation
R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the "company's stability as a business" and ultimately lead to liquidation. In a June 13 ...
Most U.S. Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
More than 60 percent of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed ...
U.S. E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3 percent recorded in 2021. In ...