USAA, a property-casualty insurer in the US, has announced its entry into the small business insurance market amid increasing demand. The company, which used to offer small business insurance through unaffiliated insurance companies for 30 years, will now offer its own product. Currently, the USAA small business insurance product is available in five states – Arizona, Colorado, Illinois, South Carolina and… Continue reading USAA Forays into Small Business Insurance Market
Tag: commercial insurance
Market Conditions Accelerated by COVID-19 Led to Pricing Increases for All Lines: CIAB
The market continued to harden into Q3 2020, according to results from The Council of Insurance Agents & Brokers’ quarterly Commercial Property/Casualty Market Index. Respondents reported moderate-to-significant increases for all account sizes and all commercial lines, including Workers Compensation. The average increase in premium pricing for all-sized accounts again broke double-digits in Q3 2020 at… Continue reading Market Conditions Accelerated by COVID-19 Led to Pricing Increases for All Lines: CIAB
Global Commercial Insurance Pricing Increased 19% in Second Quarter
Global commercial insurance pricing increased for the eleventh consecutive quarter in the second quarter of 2020, according to Marsh’s quarterly Global Insurance Market Index, a proprietary measure of global commercial insurance premium pricing change at renewal, representing the world’s major insurance markets and comprising nearly 90% of Marsh’s premium. The increase, the largest since the… Continue reading Global Commercial Insurance Pricing Increased 19% in Second Quarter
The Main Street America Group Rebrands as Main Street America Insurance
The Main Street America Group, a leading U.S. provider of property-casualty insurance through independent agents, unveiled its new name and brand today – Main Street America Insurance. The brand refresh was announced in conjunction with product expansion in the company’s commercial insurance markets. Founded in 1923, Jacksonville-based Main Street America Insurance offers a wide range… Continue reading The Main Street America Group Rebrands as Main Street America Insurance
SageSure Launches New Line of Small Commercial Insurance Products for Coastal Businesses
SageSure, America’s leading homeowners insurtech measured by premium and profitability, is pleased to announce the immediate availability of a new line of commercial insurance products in underserved coastal markets. Launching in South Carolina followed by Florida, SageSure’s commercial product line, including businessowners policies (BOP), provides coverage for over 300 classes of businesses in six industry… Continue reading SageSure Launches New Line of Small Commercial Insurance Products for Coastal Businesses
Arrowhead’s Carrier ‘Lift-Out’ Model Fuels Agency Growth
For 30 years, Arrowhead General Insurance Agency Inc. has grown by being flexible, pivoting quickly to take advantage of a market opportunity. Recently, it has pioneered a business solution it calls a management “lift-out.” Arrowhead’s latest innovation example is a lift-out of QBE’s small commercial insurance program. QBE transferred the administrative work to Arrowhead, which… Continue reading Arrowhead’s Carrier ‘Lift-Out’ Model Fuels Agency Growth
Arrowhead General Insurance Deploys Small-to-Medium Commercial Portfolio on Instec Policy System
Arrowhead General Insurance Agency, Inc. has selected Instec, a supplier of insurance program software, to provide a policy system for its Core Commercial business. Arrowhead is a national program manager for commercial, specialty and personal lines. In 2017, QBE North America selected Arrowhead as program administrator for its small commercial portfolio. The book contains business… Continue reading Arrowhead General Insurance Deploys Small-to-Medium Commercial Portfolio on Instec Policy System
Nationwide and Generali Announce Joint Venture to Offer Seamless Multinational Commercial Insurance Solutions
As businesses continue to expand across borders and compete internationally, they increasingly expect an insurance solution that will enable them to effectively manage global commercial risks. It’s why Nationwide Mutual Insurance Company (Nationwide), one of the largest insurance and financial services companies in the United States, and Generali, one of the largest global insurance and… Continue reading Nationwide and Generali Announce Joint Venture to Offer Seamless Multinational Commercial Insurance Solutions
AssuredPartners Acquires Nevada West Business Insurance Agency, Inc.
AssuredPartners, Inc. is pleased to announce the acquisition of Nevada West Business Insurance Agency, Inc. located in Las Vegas, NV. The team of 5 will remain under the operational leadership of Jeff Maren, in addition, the agency currently reports $1 million in annualized revenues. “At Nevada West, we excel at providing commercial insurance solutions to… Continue reading AssuredPartners Acquires Nevada West Business Insurance Agency, Inc.
PMA Companies Names Katti Smith as Vice President – Southwest Region
PMA Companies has named Katti Smith as Vice President – Southwest Region. Ms. Smith will be responsible for the development and expansion of PMA Companies’ footprint in Texas, Oklahoma, Arkansas, Louisiana and New Mexico and manage distribution partner relationships. She will report directly to Ken Stanley, PMA Senior Vice President, Distribution and Field Operations. “I… Continue reading PMA Companies Names Katti Smith as Vice President – Southwest Region