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Category: Insurance


Activity, Insurance

Ransomware Exposure Driving Up Cyber Insurance Costs

January 22, 2020

Via: Insurance Journal

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, […]


Activity, Insurance

Farmers Expands Program, Now Insuring Uber Drivers in 14 States and D.C.

January 7, 2020

Via: Insurance Journal

Farmers Insurance has expanded its relationship with Uber by providing commercial automobile insurance to its ridesharing drivers in 12 additional states and the District of Columbia. In addition to the District of Columbia, Farmers will insure Uber drivers in Delaware, […]


Activity, Insurance

January 2020 Reinsurance Renewals Varied Significantly, Brokers Report

January 6, 2020

Via: Insurance Journal

The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re. Indeed, the market demonstrated […]


Activity, Insurance

Why Small Business Liability Insurance Must Be Advanced Into the Digital Age

December 30, 2019

Via: Insurance Journal

Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing needs in the on-demand economy. The industry’s one-size-fits-all […]


Activity, Insurance

U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW

December 9, 2019

Via: Insurance Journal

U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial Lines Insurance Pricing Survey (CLIPS) survey compared prices charged on […]


Activity, Insurance

What Is Full Coverage Insurance and What Does It Cover?

November 25, 2019

Via: TheStreet

You may have heard the term “full coverage insurance,” but you may not have a full understanding of what it means. This is because the term isn’t an industry standard. It actually refers to a collection of car insurance policies […]


Activity, Insurance

For 2020, Expect Biggest Commercial Insurance Hikes in Years: Willis Towers Watson

November 15, 2019

Via: Insurance Journal

North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities. While the report finds that capacity is available in all but the […]


Activity, Insurance

NYPD Employees Charged in Car Insurance Scam

November 12, 2019

Via: Insurance Journal

A uniformed New York Police Department officer and five dispatchers are among those charged in a car insurance scam that authorities say compromised the personal information of 60,000 vehicle accident victims and tried to exploit people from low-income neighborhoods, authorities […]


Activity, Insurance

Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board

November 8, 2019

Via: Insurance Journal

Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news follows five months of consultation across the Lloyd’s market, […]


Activity, Insurance

Boosting Resilience to U.S. Wildfires Should Be Insurance Industry Priority: I.I.I.

November 6, 2019

Via: Insurance Journal

Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information Institute (I.I.I.). “While our research has […]