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May 15, 2024 | 
propertycasualty360.com | Ashley Hattle-Cleminshaw |Erich Kron |Brittney Meredith-Miller
The NCCI reported that the sector's reserve redundancy grew to $18 billion. (Credit: Elnur/Adobe Stock)Workers' compensation saw another strong performance in 2023 as private carriers realized a 10th consecutive year of profit from the line, according to the National Council on Compensation Insurance (NCCI). All PropertyCasualty360.com news coverage, best practices, and in-depth analysis. Educational webcasts, resources from industry leaders, and informative newsletters.
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May 15, 2024 | 
propertycasualty360.com | Brittney Meredith-Miller |Ashley Hattle-Cleminshaw |Erich Kron
Insurers and customers of all kinds have been in a struggle against coverage availability and premium costs in this post-pandemic era, and the hospitality industry is no exception.
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May 15, 2024 | 
propertycasualty360.com | Ashley Hattle-Cleminshaw |Kristen Smithberg |Joe Toppe
Small businesses face more issues today than just a few years ago with claims increasing on all fronts, from premises liability and cyber threats to severe property damage from catastrophic weather events. Policyholder expectations also are changing as many small business owners presume they have coverage where there is none or file claims for minor damage that ultimately raise their premiums.
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May 13, 2024 | 
propertycasualty360.com | Ashley Hattle-Cleminshaw |Charles Toutant
Insurance technology news from Marsh McLennan, Christian Brothers Services, Main Street America Insurance and more. (Credit: ESB Professional/Shutterstock)Marsh McLennan partnered with Oliver Wyman to launch Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk.
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May 13, 2024 | 
propertycasualty360.com | Ashley Hattle-Cleminshaw |Charles Toutant |Daniel Turgel
"As someone who doesn't understand a damn thing about it [AI], it has enormous potential for good and enormous potential for harm, and I just don't know how that plays out," Warren Buffett told shareholders at the annual Berkshire Hathaway meeting in Omaha, Nebraska May 3-4.
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May 13, 2024 | 
propertycasualty360.com | Daniel Turgel |Brittney Meredith-Miller |Ashley Hattle-Cleminshaw
In 2023, the average annual premium for accident and illness pet insurance for a dog in the U.S. was $675.61, according to the North American Pet Health Insurance Association (NAPHIA), which also reported the number of covered pets increased 17% this past year. Although most humans view their dogs as part of the family, the animals are considered property and this is why pet insurance is a P&C line.
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May 13, 2024 | 
propertycasualty360.com | Daniel Turgel |Brittney Meredith-Miller |Ashley Hattle-Cleminshaw
Smart home insurance solutions are not only making a difference in customers' lives but also shaping national policies and societal changes. (Credit: beebright/Adobe Stock)Insuretech Denver recently hosted the second installment of a panel discussion highlighting the insurance benefits inherent to smart homes. All PropertyCasualty360.com news coverage, best practices, and in-depth analysis. Educational webcasts, resources from industry leaders, and informative newsletters.
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May 10, 2024 | 
propertycasualty360.com | Ashley Hattle-Cleminshaw |Brittney Meredith-Miller
The duo is facing a possible life sentence if convicted of charges related to murder. Credit: Julia Senkevich/ShutterstockA pair of Louisiana insurance scammers is facing life in prison after a years-long staged accident scheme ended with the murder of a co-conspirator-turned-federal witness, according to an indictment from the U.S. Attorney's Office for the Eastern District of Louisiana. All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
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May 10, 2024 | 
propertycasualty360.com | Brittney Meredith-Miller |Ashley Hattle-Cleminshaw
Hurricane Ian made landfall in southwestern Florida as a category 4 storm in September 2022, bringing with it damaging winds, storm surge and historic freshwater flooding. Photo: bilanol/Adobe StockA Florida insurer has been ordered to pay a $1 million fine after a review by the state found it violated claims handling regulations in the aftermath of Hurricane Ian. All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
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May 10, 2024 | 
propertycasualty360.com | Adolfo Pesquera |Ashley Hattle-Cleminshaw
[gallery size="full" ids="253691,253692,253693,253694"]Brokerslink appointed Alexandra Littlejohn to its board of directors. She serves as executive vice president and managing director at Alliant Retail Property & Casualty. GBN Worldwide Risk Solutions Ltd. appointed Houssam Yehya as director and group head of international. He held 15 years of re/insurance industry experience to GBNRS, having worked with the group since the start of his career.
