Global commercial insurance rates increased by 1% in the first quarter of 2024 (down from a 2% increase in Q4 2023), according to the Global Insurance Market Index released today by Marsh,
Tag: Property
YOY Average Premium Renewal Rates Remain Up for Majority of Commercial Lines
Except for Workers’ Compensation, all lines of business saw an increase in average premium renewal rate year over year, according to Ivans.
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
Berkshire Hathaway GUARD Adding Commercial Package Coverage
Berkshire Hathaway GUARD Insurance Companies is adding a Commercial Package product that will include coverages for Property, General Liability, Umbrella, and Employment-Related Practices Liability Insurance (EPLI). According to GUARD CEO Sy Foguel, “An early April Pennsylvania launch is anticipated with other states to follow. Our goal is to become a ‘One Stop Shop’ for our… Continue reading Berkshire Hathaway GUARD Adding Commercial Package Coverage