News Center

Blogs Archives - Insurance Journal

Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction This post is part of a series sponsored by IAT Insurance Group. The perfect storm of inflation, supply-chain disruptions and ongoing labor shortages is adding additional risk factors to construction projects in 2023. Despite year-over-year growth, the construction industry is … POSTED JANUARY 31, 2023 6:08 AM

Bridger Insurance Services and AgentSync Pioneer Operational Efficiencies This post is part of a series sponsored by AgentSync. Insurance is a highly regulated industry, and, with a producer workforce that’s turning over as a generation retires and signs over their businesses, reducing time spent on manual data entry … POSTED JANUARY 30, 2023 6:00 AM

Construction Industry Outlook 2023: Pivot to Pursue Growth in the Face of Macroeconomic Headwinds This post is part of a series sponsored by IAT Insurance Group. The potential for recession, continued inflation, critical labor shortages and supply chain issues will loom large over construction in 2023. Additionally, many eyes are on interest rates in … POSTED JANUARY 26, 2023 6:00 AM

The History of Health Insurance: Past, Present, and Future This post is part of a series sponsored by AgentSync. Health insurance (officially called “accident or health and sickness”) is one of the major, or general, lines of authority (LOAs) defined by the National Association of Insurance Commissioners (NAIC) in … POSTED JANUARY 25, 2023 6:25 AM

How Agentsync Helps Insurance Producers and Adjusters Manage Carrier Requirements for Paper Licensing This post is part of a series sponsored by AgentSync. Insurance agents want to get paid for the products they sell. They’ll ultimately choose to partner with the insurance carriers that get commissions paid quickly and accurately. On the other … POSTED JANUARY 24, 2023 6:24 AM

Insurance and the Inflation Reduction Act of 2022 This post is part of a series sponsored by AgentSync. President Joseph Robinette Biden Jr. signed the Inflation Reduction Act of 2022 into legislation, with ripple effects remaining to be seen across the economy. Much of the act has been … POSTED JANUARY 23, 2023 6:23 AM

Insurance 101: Understanding Catastrophe Bonds (CAT Bonds) This post is part of a series sponsored by AgentSync. Since the mid ’90s, insurers have used catastrophe bonds (CAT bonds) to provide a financial safety net in response to cataclysmic events like hundred-year floods, category four and five hurricanes, … POSTED JANUARY 18, 2023 6:18 AM

CoreLogic’s Mission Possible: Putting Collaboration at the Forefront of our 2023 Vision This post is part of a series sponsored by CoreLogic. It is the beginning of a new year when anything feels possible. People are committing to new goals to better themselves, and businesses are executing new strategies to realize greater … POSTED JANUARY 18, 2023 6:10 AM

Attract and Retain Top Producers by Creating an Exceptional Employee Experience This post is part of a series sponsored by AgentSync. The insurance industry’s talent crisis has become such an over-referenced topic that it’s almost cliche. Articles and studies dating back to at least 2010 have warned of the impending insurance … POSTED JANUARY 13, 2023 6:13 AM

Planning to Grow? Invest in These Three Areas to Compete for Talent This post is part of a series sponsored by AgentSync. The insurance industry, known for being stable even during times of instability, is once again set to add jobs and grow in the next year. According to The Jacobson Group’s … POSTED JANUARY 12, 2023 6:00 AM

Insurance Business

Aon shares full-year and Q4 financials Net income for the quarter takes a sizeable hit… but the full-year thrives POSTED JANUARY 01, 0001

Westfield closes acquisition of Lloyd's syndicate Acquisition establishes insurer as a global franchise POSTED JANUARY 01, 0001

Clyde & Co opens Boston office Global firm combines with local law office POSTED JANUARY 01, 0001

Markel releases full-year results Net loss posted POSTED JANUARY 01, 0001

Global insurtech investment plummets – report Investment falls to lowest level since Q3 of 2020 POSTED JANUARY 01, 0001

WTW taps global trade credit head New exec has more than 30 years of experience across several continents POSTED JANUARY 01, 0001

Global commercial insurance prices continue to moderate in Q4 – Marsh Prices were up 4% in the fourth quarter of 2022, compared to a 6% increase the previous quarter POSTED JANUARY 01, 0001

Shifting from buying insurance to selling risk Change goes beyond semantics, expert says POSTED JANUARY 01, 0001

Insurance - the week in review Jan 30- Feb 3 Tune in to all the latest news including Gallagher Re report spotlights US$100 billion nat cat loss price tag POSTED JANUARY 01, 0001

Winter risks – how to avoid them Loss control expert shares key points to remind clients of POSTED JANUARY 01, 0001

The trusted source of unique, data-driven insights on insurance to inform and empower consumers.

Florida Auto Legislation, on Heels of 2022 Reforms, Suggests State is Serious About Insurance Crisis Fix Florida legislation proposed last week would prevent the state’s motorists from assigning their legal rights in auto insurance claims to repair shops.   Assignment of benefits (AOB) is a standard practice in the insurance world. In Florida, however, this efficient, customer-friendly way to settle claims has long served as a magnet for fraud. The state’s … Continue reading Florida Auto Legislation, on Heels of 2022 Reforms, Suggests State is Serious About Insurance Crisis Fix → POSTED JANUARY 31, 2023 2:37 PM

Nurturing Tomorrow’s Risk & Insurance Leaders By Loretta L. Worters, Vice President, Media Relations, Triple-I Forget the stereotype of the boring door-to-door life insurance salesperson – aka Ned Ryerson from the movie Groundhog Day.  Insurance is not just about sales – it is a purpose-driven industry with countless opportunities to make a positive impact on individuals, businesses, and communities. The insurance … Continue reading Nurturing Tomorrow’s Risk & Insurance Leaders → POSTED JANUARY 30, 2023 6:57 PM

Online Promotionof Car-Theft Techniques Adds to Upward Pressure on Insurance Premiums Three anti-crime organizations have asked YouTube to take down all videos that teach people how to steal Kia and Hyundai automobiles. The organizations – the National Insurance Crime Bureau (NICB), the Coalition Against Insurance Fraud, and the International Association of Special Investigation Units (IASIU) – made their request in response to a spike in thefts … Continue reading Online Promotion of Car-Theft Techniques Adds to Upward Pressure on Insurance Premiums → POSTED JANUARY 24, 2023 8:29 PM

Despite Warnings,Weak Password Policies Still Invite Cybercrime By Max Dorfman, Research Writer, Triple-I It’s Cyber Security 101: Multi-factor authentication and hard-to-crack passwords are table stakes for preventing incursions. Nevertheless, “Password,” “12345”, and “Qwerty123” are among the most commonly found passwords leaked on the dark web by hackers, according to mobile security firm Lookout. And, despite the amount of attention the issue receives, the situation … Continue reading Despite Warnings, Weak Password Policies Still Invite Cybercrime → POSTED JANUARY 19, 2023 7:54 PM

Monetary Policy Drives Economic Prospects; Geopolitics Limits Inflation Improvement Inflation, interest rates, and recession will dominate the U.S. economic narrative in the first quarter of 2023, shifting in the second and third to a focus on timing of recovery and a more neutral monetary policy and, in the fourth, whether and when the Fed will signal the start of a new easing cycle, according … Continue reading Monetary Policy Drives Economic Prospects; Geopolitics Limits Inflation Improvement → POSTED JANUARY 19, 2023 5:34 PM

Catalytic Converter Thefts Up, SpurringLawmakers to Act By Max Dorfman, Research Writer, Triple-I Rising thefts of catalytic converters – driven, at least in part, by increased black-market prices for the motor vehicle pollution-control component – have prompted renewed state and federal focus on stopping these crimes. Converter thefts rose in 2021, with 52,206 reported, up from 1,298 in 2018, according to claims … Continue reading Catalytic Converter Thefts Up, Spurring Lawmakers to Act → POSTED JANUARY 09, 2023 2:50 PM

Data Call Would Hinder Climate-Risk EffortsMore Than It Would Help A new data-reporting mandate the U.S. Treasury Department’s Federal Insurance Office (FIO) is considering imposing on certain property/casualty insurers raises a variety of concerns both for insurers and their policyholders. In response to a request for comments on the proposed data call, Triple-I has told FIO that the requested data would be duplicative, could lead … Continue reading Data Call Would Hinder Climate-Risk Efforts More Than It Would Help → POSTED DECEMBER 22, 2022 12:38 AM

JIF 2022 Wrap-Up:From Risk Transferto “Predict & Prevent” Among the themes running through Triple-I’s 2022 Joint Industry Forum (JIF), a dominant one was the growing importance of predicting and preventing losses, versus the property/casualty insurance industry’s traditional emphasis on transferring risk from policyholders to insurers and assessing and paying claims when they arise. Increasing severity of weather- and climate-related events, compounded by rising … Continue reading JIF 2022 Wrap-Up: From Risk Transfer to “Predict & Prevent” → POSTED DECEMBER 20, 2022 5:00 PM

A Discussion of Progress and Challenges in Diversity, Equity, and Inclusion at JIF 2022 By Max Dorfman, Research Writer, Triple-I At JIF 2022, a panel assembled to discuss the importance of diversity, equity, and inclusion (DEI) in the insurance industry. Jennifer Kyung, Property & Casualty (P&C) chief underwriter, USAA and Triple-I Chair, moderated the discussion, which focused on a wide array of issues, including the talent gap. “We need … Continue reading A Discussion of Progress and Challenges in Diversity, Equity, and Inclusion at JIF 2022 → POSTED DECEMBER 19, 2022 2:35 PM

Florida and Legal System Abuse Highlighted at JIF 2022 By Max Dorfman, Research Writer, Triple-I Florida took center stage at JIF 2022, as a group of panelists discussed growing courtroom costs and the rise of legal system abuse. “Legal system abuse is a combination of factors, including social inflation, nuclear verdicts, third party litigation funding, tort reform pullback, cost shifting schemes, and attorney advertising,” … Continue reading Florida and Legal System Abuse Highlighted at JIF 2022 → POSTED DECEMBER 16, 2022 2:24 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Beissel & Cobb Insurance Services, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.