IVANS®, a division of Applied Systems®, today announced the April results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, the results showed varied change in premium renewal rates, specifically, General Liability, Umbrella and Workers’ Compensation experienced an uptick in rate, and Commercial Auto, BOP and Commercial Property experienced a… Continue reading Premium Renewal Rates Experience Changes Across All Major Commercial Lines of Business
Tag: commercial auto
Pennsylvania Lumbermens Mutual Insurance Names John Kennealy Vice President of Claims
Pennsylvania Lumbermens Mutual Insurance Company (PLM), the largest mutual insurer dedicated to wood-related businesses, has announced the hiring of John Kennealy as vice president of claims. An industry veteran, John brings years of experience in insurance claims and risk management to the PLM claims team. In his new position, John will be responsible for the… Continue reading Pennsylvania Lumbermens Mutual Insurance Names John Kennealy Vice President of Claims
U.S. Commercial Rates Up 2% in 2018
The U.S. commercial insurance composite rate increased on average 2 percent over the course of 2018, according to MarketScout. In its latest report, the Lloyd’s Coverholder and MGA for U.S. insurers said the composite rate for the U.S. commercial market also nudged up 2 percent in the fourth quarter. MarketScout said quarter-by-quarter the composite rate… Continue reading U.S. Commercial Rates Up 2% in 2018
As Insurance Market Cycle Evolves, Carriers Must Review Underwriting Strategies: Guy Carpenter
Guy Carpenter & Company LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies has completed its annual review of property & casualty (P&C) results and found that insurers’ operating environment today is very different than just a few short years ago. Formerly stable lines produced significant… Continue reading As Insurance Market Cycle Evolves, Carriers Must Review Underwriting Strategies: Guy Carpenter
PMA Companies Names Josephine Copeland As Vice President, Managed Care
PMA Companies has named Josephine “Jo” Copeland as Vice President, Managed Care. Ms. Copeland is responsible for leading PMA’s corporate and field Managed Care operations. She reports to Derek Hopper, CPCU, Senior Vice President of Shared Services, and is based in PMA Companies’ Blue Bell Office. “Jo is an accomplished executive with a record of… Continue reading PMA Companies Names Josephine Copeland As Vice President, Managed Care
Travelers Institute Announces Every Second Matters Events to Take on Distracted Driving
The Travelers Institute, the public policy division of The Travelers Companies, Inc., will launch its Every Second Matters fall event series today in Hartford to highlight the serious risks and consequences associated with distracted driving. The series will explore the unexpected causes of distraction behind the wheel and call on drivers to lead by example… Continue reading Travelers Institute Announces Every Second Matters Events to Take on Distracted Driving