Relieve counseling services have been extended across five countries through end of year to assist jewelers, their families and employees Mutual® Group, the insurance and business solutions provider dedicated to the jewelry industry since 1913, recently announced the expansion of its “Relieve” counseling service in response to heartbreak being felt in the US and across […]
Testimony by Joseph Petrelli, ACAS, ASA, MAAA (MBA) President and Co-founder My name is Joseph Petrelli. I have been employed in the insurance industry since 1969, when I entered The College of Insurance on a work-study program. After graduation, I was employed by a regional insurer for four years, and then, a national insurer for […]
US private auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 11.0% through Aug. 18, 2023, according to S&P Global Market Intelligence’s RateWatch application. Key highlights from the analysis include: • There is a wide variance in […]
• 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 […]
by Bill Hammond State lawmakers are divided over proposal known as “Coverage for All,” which would allow low-income undocumented immigrants to obtain free health insurance through the state-run Essential Plan. The state Senate approved the measure on June 8, but the bill did not pass the Assembly. Advocates of the proposal insist that it would […]
The Applied Underwriters Invitational, with Anticipated 11,000 Golfers Set to Compete to Benefit 65 National and Local Charities Top names in sports join Applied in drive to raise $10 million through the longest-running, most successful charity golf event. Applied Underwriters, a global risk services leader, has set the dates for the world’s most successful charity […]
Renaming Acknowledges Extraordinary $15 Million Gift from Top US Entrepreneur The University System of Georgia’s Board of Regents has approved renaming Georgia State University’s Department of Risk Management & Insurance as the Maurice R. Greenberg School of Risk Science. The name change recognizes a $15 million gift from The Starr Foundation that will dramatically expand […]
U.S. states with the highest / lowest home ownership rate: • Maine has the highest home ownership rate of the U.S. at 33% • West Virginia and Vermont are second and third • California , New York among the lowest home ownership rate Maine is the state with the highest home ownership in the […]
Life/Fraternal and Property/Casualty Reports KANSAS CITY, Mo. The National Association of Insurance Commissioners (NAIC) released data on life/fraternal and property/casualty insurers. The reports provide market share information and identify leading insurance writers in several key lines of business. The reports reflect data filed by insurers as of March 1st. The 2022 market share data include […]
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