Commercial insurance buyers saw single-digit average price increases across most lines through the first quarter of 2022, but signs point to upward pressure on rates in the future, according to MarketScout. “Rates in January and February were consistent with what was reflected in the last quarter of 2021,” commented Richard Kerr, CEO of MarketScout. “However,… Continue reading Premiums Rise in All Lines in Q1: MarketScout
Author: Farkas Laura
Cole Bogue Joins Builders & Tradesmen’s Insurance Services as Vice President of Surety
Builders & Tradesmen’s Insurance Services, Inc. (BTIS), a managing general agency focused on serving small businesses with end-to-end insurance solutions, is pleased to announce that Cole Bogue has been hired as Vice President of Surety. Bogue will oversee account management of clients with complex coverage needs, while simultaneously managing the success of all bond products… Continue reading Cole Bogue Joins Builders & Tradesmen’s Insurance Services as Vice President of Surety
Masks Come Off as Companies Ease Their Pandemic Protocols
U.S. companies are relaxing many of the vaccine and other Covid-related requirements that had become a staple of corporate life in the pandemic. As office occupancy nears pandemic-era highs in many U.S. cities, a number of employers have communicated new, looser safety protocols to workers. Some companies made masks optional in the office for all… Continue reading Masks Come Off as Companies Ease Their Pandemic Protocols
Tornadoes Raise Big Questions About Building Standards
Central Texans received another cruel reminder of the devastating power of tornadoes this week with news that last month’s twister in Round Rock caused $32 million worth of destruction while leveling 13 homes and damaging nearly 700 others. And that was just in Round Rock. In all, several tornadoes in the same weather system damaged… Continue reading Tornadoes Raise Big Questions About Building Standards
U.S. Supply-Chain Pressures Soar to a Record, Index Shows
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The Logistics Managers’ Index, released Tuesday, advanced for a third straight month in March, reaching 76.2 from 75.2 in February. The monthly survey, released by Colorado State University and… Continue reading U.S. Supply-Chain Pressures Soar to a Record, Index Shows
Lawsuit Alleges Power Line Sparked Colorado Wildfire
The first lawsuit filed in connection with a wildfire that destroyed over 1,000 homes and other buildings in suburban Denver claims that sparks from a power line started December’s blaze. The lawsuit filed Thursday against Xcel Energy says that its power lines and equipment were a substantial factor in the cause, origin and continuation of… Continue reading Lawsuit Alleges Power Line Sparked Colorado Wildfire
Biden Touts Importance of U.S. Trucking
President Joe Biden on Monday touted the importance of the U.S. trucking industry especially during the COVID-19 pandemic as the administration has worked to boost the number of truck drivers by drawing in more women and veterans. The White House touted the surge in hiring of truck drivers and commercial driver licenses issued. It said… Continue reading Biden Touts Importance of U.S. Trucking
Goldman Poll Finds Insurers with $13 Trillion Expect a U.S. Recession
Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 chief investment officers and chief financial officers polled, more than 60% anticipate the world’s largest economy will experience a downturn in… Continue reading Goldman Poll Finds Insurers with $13 Trillion Expect a U.S. Recession
Judge Tosses California Law Mandating Diversity on Boards
A judge struck down a California law that requires public companies based in the state to have at least one board director from underrepresented groups, a setback to efforts to mandate board diversity. Judge Terry Green of the Superior Court of California in Los Angeles County granted a summary judgment in favor of a lawsuit… Continue reading Judge Tosses California Law Mandating Diversity on Boards
Bill Higgins Joins AssetSure as Commercial Lines Insurance Practice Leader
AssetSure, a national independent insurance agency working with leading financial services professionals to protect client’s financial assets, has hired William (Bill) Higgins as Commercial Lines Practice Leader. Higgins will be responsible for management of all aspects of the commercial lines department book of business and will oversee the agency’s property & casualty commercial account management… Continue reading Bill Higgins Joins AssetSure as Commercial Lines Insurance Practice Leader