AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to its persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. Reserve adequacy in the commercial …
Trust impacts customer satisfaction, loyalty and brand advocacy more than other factors when small businesses choose a commercial insurance provider, a new survey shows. A J.D. Power 2024 U.S. Small Commercial Insurance Study showed that among small businesses with the …
Carriers risked more potential exposure on residential and commercial HVAC claims in 2023 than t the previous year. The average accuracy increased by more than $2,000 for each claim, according to the new HVACi 2023 Annual Claims Report. Increased parts …
NEW YORK — The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely …
Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that …
ZURICH — Zurich Insurance Group does not expect property claims triggered by the COVID-19 pandemic to materially affect the group, Europe’s fifth-largest insurer said on Thursday, adding that it planned to maintain its dividend policy. Insurers have been hit across …
Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general manager, National Insurance Property. Martin will lead a unit that provides a full range of property insurance, inland marine and equipment breakdown …
Some State Farm Insurance workers in Lincoln, Neb., could lose their jobs. The Lincoln Journal Star reports the jobs could be lost as State Farm relocates a commercial insurance unit from Lincoln. The company says in a statement Friday that …
A study compiled by Aon Benfield Analytics reveals that commercial lines moved to an overall deficiency position of $0.9 billion at year end 2012 compared to an estimated $4.1 billion redundancy at year end 2011. Within the commercial lines sector, …
The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and other corporate insurance buyers by Hanover Stone …