Industry News
Catalytic Theft Claims Triple in Two Years, Crime Bureau Report Finds
Insurance claims for catalytic converter thefts nationwide jumped by 288 percent in just two years, the National Insurance Crime Bureau said in a new report. Claims rose from 16,660 in 2020 to 64,701 ...
Auto Insurance Results ‘Historically Bad’ in 2022: S&P
In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence analysis. The net combined ratio for ...
NCCI: Workers Comp Premiums Dipped in ’22, What’s in Store for ’23
Last year was anything but normal when it came to rate filings, according to the National Council on Compensation Insurance (NCCI). During its annual State of the Line report, the organization ...
Insurers Need to Enhance Human Interaction, Digital Options to Drive Consumer Satisfaction
A new survey highlights the demand for humanized insurance purchasing, increased digital purchasing and payment options and improved communication throughout the policy term. The 2023 Global Consumer ...
The Latest Launches from Slice Labs, Arturo, Sunnova
Slice Labs Inc., a technology company providing insurance products for small businesses, has added a new digital small business product. In partnership with Philadelphia Insurance Companies, an ...
Goosehead Insurance to Purchase Vivint Smart Home’s Insurance Book
Goosehead Insurance Inc., an independent personal lines insurance agency, announced that it has executed an agreement to purchase Vivint Smart Home's insurance book, which includes more than 15,000 ...
Executives on the Move at Chubb, QBE, Amwins, Ambac
Chubb appointed Mark Homan as division president, International Property and Casualty, for Overseas General Insurance, the company's international general insurance operations. In his new role, which ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk Solutions says in a new report. The ...