The National Association of Insurance Commissioners (NAIC) announced it is accepting applications for the 2024 Consumer Participation Program, with a deadline of 5:00 p.m. CT, Oct. 31, 2023. Established in 1992, the Consumer Participation Program promotes consumer representation and interaction with NAIC Members by providing for qualified applicants to participate in NAIC meetings as individuals […]
Houston, Texas –August 2nd 2023 – Applied Surety Underwriters and SiriusPoint Ltd. have joined forces in an exclusive partnership aimed to maximize their joint impact in major markets across the world, starting with North America and advancing across borders to deliver a unique formula of underwriting expertise, capital resources and concerted marketing in the surety […]
The Dodge Charger SRT Hellcat and Dodge Charger HEMI top a new list of the most-stolen vehicles for model years 2020-22. Four Kia vehicles make the top 20, thanks to a viral trend. Two Dodge muscle cars, the Dodge Charger SRT Hellcat and Dodge Charger HEMI, once again top the Highway Loss Data Institute’s list […]
This case arose out of an accident that occurred in 2019. Plaintiff was hit by a car at around 8:15 p.m. while riding a bicycle in Flint, Michigan. Plaintiff sustained serious injuries, including multiple broken bones and lacerations, blunt force trauma to the chest and abdomen, and a traumatic brain injury. However he submitted a […]
Slow but steady growth, includes increase in homeowners market share.
The independent agent is holding his own showing slow, steady gains in lines of business penetration, including homeowners, according to the Big “I” 2023 Market Share Report.
The annual Market Share Report compiles and analyzes property and casualty premium data from AM Best and provides insights for agencies and carriers on current market shares by distribution types.
• 78% of organizations in the United States and 81% in Canada say that their 2024 salary increase budget is the same or higher compared to last year • 2024 pay increases are predicted to be 3.8% on average in the United States • Pay increases were 4% on average in the United States in […]
By Douglas A Powell, Sr Financial Analyst at Demotech A review of the reported financial results of risk retention groups (RRGs) reveals insurers that continue to collectively provide specialized coverage to their insureds while remaining financially stable. Based on reported financial information, RRGs have a great deal of financial stability and remain committed to maintaining […]
At the 39th Annual S&P Global Ratings Insurance Conference, the message from panelists was clear: the insurance industry remains well capitalized to withstand potential adverse market or economic developments.
A Beacon International Group, Ltd. Member
