Markets
75% of Small Businesses Are Underinsured; 70% Use Agents: Survey
Small businesses may be growing their revenue, but the vast majority–75 percent–are not adequately protecting themselves and their assets. Small businesses are an essential part of the U.S. ...
Most Homeowners Face Barriers to Boost Resiliency: APCIA Survey
As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate ...
Insurers Prioritizing Profit Over Growth: Exec Survey
Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of ...
Florida Market Improving: Less Red Ink Spilling on Bottom Lines
Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. In addition, two more property insurance companies are preparing to enter ...
WCRI: 6% of COVID Claimants Treated for Long COVID
A national study by the Workers' Compensation Research Institute found that 6 percent of workers who filed claims for COVID-19 suffered long COVID, meaning they sought ...
How a Regional Carrier Protects Against a $60B California Cat Event
While two dozen interested parties spoke at a recent California Department of Insurance workshop on the use of catastrophe modeling in pricing, offering predictable messages supporting carrier, ...
California’s Next Steps: Picking the Right Cat Models and Staffing Up
Is $11 million too much to pay for a public catastrophe model? Does the California Department of Insurance have to hire a new contingent of specialists to understand private models, if those are ...
Commercial Auto Insurers Face Bleak Profit Outlook
Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. "The liability component has been more ...