Big I: Nearly 70% of Americans Are Reviewing Their Insurance Policies
New Survey from Trusted Choice® Reveals Consumer Uncertainty
and Behavior on Insurance Coverage.
Cover Story
IFNY 2023 Free Enterprise Award Luncheon
The Insurance Federation of New York (IFNY) gathered in full force on November 16th for its Annual Free Enterprise Award Luncheon at New York’s Union League Club, whereupon Mr Alan Schnitzer, Chairman of Travelers’ received IFNY’s prestigious award. QBE received the Mary Lanning Public Service Award for its programmes in climate control and DFS Superintendent […]
Longevity Gets Longer
This report by Longevity Underwriting explores in detail the results of the TwentyFirst life settlement Actual-to- Expected data. Longevity Holdings is excited to report the details from TwentyFirst’s life settlement Actual-to-Expected report. In aggregate, the Actual-to-Expected ratio for the TwentyFirst (21st) LE business has been 103.5%, 103.8% and 100.8% for the 13-year, 10-year, and 5-year […]
Focus: the Energy Market
This summer’s news of extended production cuts by Saudi Arabia and Russia, as well as an attack on key Russian oil export hubs by Ukraine and ongoing sanctions against Russia, has kept oil prices high. Combined with a growing backlash against green energy and overall losses within the sector tied to costs of energy transition, it’s not surprising that U.S. pricing trends continue to push upward. Social inflation and the rise in claims across the sector have also resulted in a heightened level of underwriting scrutiny and the ongoing need for adequate valuations.
Charles Symington Becomes Big ‘I’ President & CEO
Symington heads the association after serving as its executive vice president.
ALEXANDRIA, VA, September 1, 2023—Charles Symington is the new president & CEO of the Independent Insurance Agents & Brokers of America (the Big “I”), effective, Sept. 1.
Big ‘I’ 2023 Market Share Report: Growth in Independent Agencies
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.
Insurance Industry Is Poised To Withstand Market Uncertainty
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.
Hard Market Impacts 97% of Brokers | Cover Story
Amwins releases the 2023 Insurance Trends report, which showcases the challenges of the ongoing hard market as well as rising inflation.
Amwins surveyed 303 brokers and agents about the top insurance trends and found that 97% of respondents shared that hard market conditions are impacting their book of business.
Leston Welsh Named President Of Shelterpoint
Mr. Leston Welsh has been named President of Shelterpoint, an important resource for agents and brokers.
NAIC TARGETS “NEW NORMAL” Regulators outline accomplishments in Report to the industry
NAIC RELEASES 2022 ANNUAL REPORT
National Association of Insurance Commissioners (NAIC) presented its 2022 Annual Report. “Conquering the New Normal Together,” to share how the NAIC successfully overcame pandemic-era challenges to further its state-based agenda. According to the report, in 2022 the NAIC enhanced connectivity among its staff and Members, leaned forward on emerging issues, accelerated investments in technology, and rallied its internal team. The NAIC achieved all of this while helping Members protect consumers and remain solvent. The report details accomplishments in these areas. Excerpts follow.
