With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents on every dollar of premium they collect—sky-high premiums do not appear to be leveling off anytime soon.
Author: Annie George
Apple Hit with Pay Inequity Lawsuit
Apple “systematically” underpaid women compared to their male counterparts, a potential class action lawsuit from a pair of employees alleges.
ISU Group Announces CEO Succession
ISU Group (ISU), one of the largest independent agency networks in the US, has today announced that Dan McCarthy, Chief Operating Officer, will become the next Chief Executive Officer, assuming the responsibilities held by T.J. Ryan III over the past 35 years.
USG Announces Hire of Rodgers in Roswell, GA
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Cynthia Rodgers to their CA team in the role of Renewal Producer/Broker, under the guidance of Jenny O’Brien, executive Vice President: Branch Manager.
2024 U.S. E&S Market Continues to Grow, But At a Slower Place
The US excess and surplus market (E&S) market continues to grow at a robust rate; however, the yearly pace of growth has slowed, according to an analysis by S&P Global Market Intelligence.
Triple-I: Personal Auto Profitability Heading in the Right Direction
Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses, according to the Insurance Information Institute (Triple-I).
CA State Regulators Disclose Wildfire Neighborhoods Targeted for Insurance Relief
California regulators Wednesday disclosed which areas of the state insurers will have to cover if they want to take advantage of financial incentives intended to resolve the homeowners’ insurance crisis.
Dynamic Trends in TPLF and Securities Class Actions Increase Risks for Insurance Carriers
An annual report on securities class actions from Cornerstone Research indicates the median settlement amount increased 11%, and the proportion of settlements of at least $100 million climbed to nearly two-thirds of the total settlement dollars in 2023.
Across America Partners with Incline Americas to Provide Solutions to Challenged Transportation Insurance Market
Across America Insurance Services, Inc., a specialized wholesale insurance brokerage serving the commercial trucking and transportation industry, is expanding its excess and surplus (E&S) service offerings through a new partnership with carrier Incline Americas Insurance Company, a member of the Incline P&C Group
National Alliance Revises Name to ‘Risk & Insurance Education Alliance’
The National Alliance for Insurance Education & Research has changed its 55-year-old name and logo to reflect the nonprofit organization’s evolution and expanded services. The insurance industry’s leading professional-development resource is now the Risk & Insurance Education Alliance, or simply The Alliance.