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 …
Commercial insurance prices remained flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010, according to global professional services company Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). Price reductions …