News
AM Best: Rapid Premium Growth Warrants Greater MGA Oversight
Though AM Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest ...
Report: Mid-Atlantic States at Higher Wildfire Risk This Year
Elevated fire risk conditions are predicted for the mid-Atlantic, with normal risk conditions in the Great Lakes and Midwest through 2024, the U.S. Forest Service reported. "It's tricky to make ...
Radioactive Material Sites More Vulnerable to Climate Change-Related Risks
As Texas wildfires burned toward the nation's primary nuclear weapons facility, workers hurried to ensure nothing flammable was around buildings and storage areas. When the fires showed no sign of ...
U.S. Home Insurers Post Net Combined Ratio Over 110: S&P Global
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the ...
Medical Professional Services Costs Increased Faster in States With No Fee Schedule
A recently released report comparing prices paid for medical professional services across 36 states from 2008 to 2023 found that states with no fee schedules for professional services had higher ...
Businesses Have Just 2 Years to Capitalize on Generative AI: Report
There's a mere two-year window to capitalize on the advantages of generative AI before competitive disadvantages emerge, according to a new joint research report titled "The Two-year Gen AI ...
EPA: Oft-Targeted Water Utilities Need to Do More to Thwart Cyber Attacks
Cyber attacks against water utilities across the country are becoming more frequent and more severe, the Environmental Protection Agency warned Monday as it issued an enforcement alert urging water ...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7 percent on average in the first quarter of 2024. According to The Council of Insurance Agents and ...