Andrea Wells

Austin

Editor-in-Chief at Insurance Journal

Content creator and editor for #1 property/casualty insurance publication.

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Articles

Workers Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI

2 weeks ago | carriermanagement.com | Andrea Wells

Workers compensation remained a healthy and profitable line in 2024, but claims severity grew with an increase of 6 percent for medical claim severity and 6 percent for indemnity claim severity. That’s according to the National Council on Compensation Insurance’s (NCCI) annual 2025 State of the Line report, which found that in 2024, U.S. workers compensation net premium decreased 3 percent from 2023, with a combined ratio of 86, the same as in 2023.
Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI

3 weeks ago | insurancejournal.com | Andrea Wells

Workers’ compensation remained a healthy and profitable line in 2024 but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the National Council on Compensation Insurance (NCCI)’s annual 2025 State of the Line report which found that in 2024, U.S. workers’ compensation net premium decreased 3% from 2023, with a combined ratio of 86, the same as in 2023.
What’s Next For Workers’ Comp?

1 month ago | insurancejournal.com | Andrea Wells

The workers’ compensation market appears to be doing well again. Ahead of its annual “State of the Line” report to be released in early May, National Council on Compensation Insurance (NCCI) Chief Actuary Donna Glenn told Insurance Journal that while NCCI can’t predict the future, there doesn’t appear to be any “imminent reversal” to these positive current trends.
Cybercrime Up Again

1 month ago | insurancejournal.com | Andrea Wells

It shouldn’t be surprising that the number of reported cybercrime complaints to the feds rose again. Almost daily I hear from someone I know about a new threat, hack, or fishy AI call. The most recent was in my own town’s school district where a parent was called by a criminal demanding a ransom for their child whose AI-derived voice was heard in distress in the background. The individual victims of cybercrime are often the most vulnerable.
Stress and Opportunity

2 months ago | insurancejournal.com | Andrea Wells

The first quarter of 2025 has been a whirlwind. New presidential administration. Historic wildfires. Financial market volatility. Trade war and tariff talks. A looming recession. Higher costs at the grocery store. Higher car repair bills. Higher cost of wood products including paper (this is a big one for Insurance Journal) Oh my. And yet through it all the insurance industry seems to be doing remarkably well. Many of the largest property and casualty insurers have set record incomes for 2024.
E&S Leaders Embrace the Risky Future

Sep 15, 2024 | insurancejournal.com | Andrea Wells

The property/casualty insurance industry and excess and surplus lines brokers in particular are at the world’s beck and call to help navigate what is an increasingly risky environment. The industry continues to respond as social, environmental, technological, political, legal, scientific and economic forces are changing industries, institutions, relationships, communications, products and more.
Auto Trust Factor

Jun 30, 2024 | insurancejournal.com | Andrea Wells

The trust factor is critical in the insurance purchasing process. When customers trust their insurance provider they feel more satisfied with the insurance buying process even in the face of rising rates. That’s according to the J.D. Power 2024 U.S. Auto Insurance Study, which found that rate increases do not necessarily erode customer satisfaction when it comes to auto insurance.
How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.

May 19, 2024 | insurancejournal.com | Andrea Wells

Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic momentum may be slowing as entertainment businesses contend with rising costs of doing business, staffing shortages, and an insurance market that remains somewhat restrictive and more expensive.
Agency Compensation Rose Again in 2023 But Not Everyone Is Pleased

Feb 18, 2024 | insurancejournal.com | Andrea Wells

Agency salaries and total compensation rose in 2023 for everyone in the Insurance Journal Agency Salary Survey. But while insurance agency personnel made more money last year, not everyone was satisfied. Managers/owners and producers were less satisfied with their compensation overall despite their reported higher pay. On the other hand, support staff/CSRs/account executives reported both higher salaries and higher satisfaction with compensation.
What’s to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation

Feb 4, 2024 | insurancejournal.com | Andrea Wells

No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal magazine asked industry thought leaders their predictions for the property/casualty world in 2024 and what they’d wish for if they could have what they wanted. Here’s what they had to say.