U.S. commercial insurance prices rose again in the fourth quarter of 2018, according to leading global advisory, broking and solutions company, Willis Towers Watson’s, Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the fourth quarter of 2018 to those charged for the same coverage during the same quarter… Continue reading U.S. Commercial Insurance Prices Increase During the Fourth Quarter of 2018
Tag: commercial lines insurance
Direct Online Could Grow to 12% of Small Commercial Insurance Market by 2023
Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a reality. In a new report, Direct Online Small Commercial Insurance: 2019 Update, research and advisory firm Novarica discusses key issues affecting direct small commercial insurers, including a review of strategic options, and profiles 22 current… Continue reading Direct Online Could Grow to 12% of Small Commercial Insurance Market by 2023
The Hartford Announces Q4 2018 Financial Results and $1B Share Repurchase Authorization
The Hartford reported fourth quarter 2018 income from continuing operations, after tax, of $196 million compared with a loss from continuing operations, after tax, of $558 million in fourth quarter 2017, which included an $877 million charge for the effect on the company’s net deferred tax assets of the reduction in the U.S. corporate tax… Continue reading The Hartford Announces Q4 2018 Financial Results and $1B Share Repurchase Authorization
IVANS Index Q4 and 2018 Results Released
IVANS, a division of Applied Systems, today announced the results for Q4 and year-end 2018 IVANS Index, the insurance industry’s premium renewal rate index. Q4 results showed an increase premium renewal rate change average across nearly all major commercial lines compared to Q3; however, Workers’ Compensation average premium renewal rate change dropped and remained in… Continue reading IVANS Index Q4 and 2018 Results Released
USG Announces Hire of Meek in Irvine, CA
USG Insurance Services, Inc., a national wholesaler and MGA, is pleased to announce the hire of Frances Meek as Producer/Broker in the Irvine, CA branch. Meek has been in the insurance industry for five years specializing in excess and surplus commercial lines, mostly recently as an underwriter at Hull & Company. As an addition to… Continue reading USG Announces Hire of Meek in Irvine, CA
Commercial Insurance Prices Increase Again in the Third Quarter
Commercial insurance prices in the U.S. increased by over 2% in the third quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written during the third quarter of 2018 to those charged for the same coverage… Continue reading Commercial Insurance Prices Increase Again in the Third Quarter
Large Commercial Insurers Notch Slight Improvements in Customer Satisfaction but Many Customers Remain ‘Indifferent’
Overall customer satisfaction with large commercial insurers has increased slightly in 2018, according to the J.D. Power 2018 Large Commercial Insurance Study.SM Despite the modest improvement, customer satisfaction with large commercial insurers is still notably lower than that of other industries, with many customers identifying as “indifferent” to their insurer. “As the industry contends with… Continue reading Large Commercial Insurers Notch Slight Improvements in Customer Satisfaction but Many Customers Remain ‘Indifferent’
Willis Towers Watson Provides Innovative Pricing Technology to New Telematics Insurer Ticker
Willis Towers Watson, a leading global advisory, broking and solutions company, is providing Ticker, a new telematics insurer launching in early 2019, with the latest version of its Radar pricing software. Radar Live and Radar Base will enable Ticker to deliver consistent, accurate and sophisticated decisions in pricing and underwriting, maximising the new start-up’s strengths… Continue reading Willis Towers Watson Provides Innovative Pricing Technology to New Telematics Insurer Ticker
RIC Insurance General Agency Hires Brittany Malkin as Business Development Manager
RIC Insurance General Agency, a division of Worldwide Facilities, is pleased to announce the hiring of Brittany Malkin as Business Development Manager to expand their commercial and personal lines marketing efforts, working primarily with California retail insurance agents in Orange County and San Diego. Prior to joining RIC, Malkin worked as a California Regional Sales… Continue reading RIC Insurance General Agency Hires Brittany Malkin as Business Development Manager