This post is part of a series sponsored by EZLynx. Are you juggling multiple systems to manage client data, policies, and communications? Maybe your business is stuck with outdated legacy systems or you’re relying on a mix of spreadsheets, emails, …
Your Guide to Successfully Adopting an All-In-One Agency Management System Read More »
The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with profit before tax of £9.6 billion during 2024, down …
Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs Read More »
QBE North America Introduces Media Liability Endorsement QBE North America announced a new media liability endorsement for media organizations facing legal actions brought under consumer protection laws. This endorsement provides affirmative coverage should these laws be leveraged to challenge the …
Policy discussions on the use of artificial intelligence in insurance are “unfounded” and “detrimental to policyholders,” according to a analysis from the National Association of Mutual Insurance Companies. The use of AI in insurance underwriting and rate making has led …
States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded’, Says NAMIC Read More »
Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The 2024 combined ratio – losses and expenses divided by premium, …
A Look Back at 2024: The Year in Insurance Read More »
The Oklahoma Insurance Department (OID) has expanded their initial pilot launch of OKReady, the Strengthen Oklahoma Homes (SOH) program. The application process opened earlier this month, and the first testing period has been successful, OID said. Two new zip codes …
OKReady Pilot Program Accepting Applications from New Zip Codes Read More »
The Missouri Department of Commerce and Insurance (DCI) said that consumer specialists will participate in a Multi-Agency Resource Center (MARC) to answer insurance questions and help those impacted by the severe storms in Phelps County. An EF-2 tornado struck Phelps …
Missouri DCI Deploys Specialists to Aid Storm Victims in Phelps County Read More »
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of Cities and Villages Mutual Insurance Company (Cities and Villages) based in Wauwatosa, Wisconsin …
AM Best Downgrades Wisconsin’s Cities and Villages Read More »
The findings were stark. In one investigation, the U.S. Department of Housing and Urban Development concluded that a Texas state agency had steered $1 billion in disaster mitigation money away from Houston and nearby communities of color after Hurricane Harvey …
HUD Quietly Drops Civil Rights Cases Involving Housing Discrimination in Texas Read More »
Wildfires have hit several regions in western Japan, injuring at least two people, forcing dozens of residents to evacuate and damaging a number of homes as hundreds of firefighters battled the widening blazes in the mountainous areas. The fires in …
Wildfires in Western Japan Damage Homes, Forcing Evacuations Read More »
