In the Companies

2024/ October 2024/ This Issue

Applied Underwriters’ Leaders Cite Engagement of Top Performers, Advancement of Key Leaders as Major Drivers of Dramatic Results and Emerging Presence in the Marketplace

Insurance Advocate In the Companies October 15, 2024

High profile additions at United Risk in key E&S / specialty lines complement executive advancement Omaha, Nebraska, Tuesday, September 17, 2024 – Applied Underwriters’ recent upswing in growth, favorable underwriting results and recognized market reach have been credited by the Company’s leaders to the force of high performance hirings and top executive advancement for the […]

2024/ October 2024/ This Issue

Jewelers Mutual® Earns Great Place To Work Certification™ For Second Year

Insurance Advocate In the Companies October 15, 2024

Jewelers Mutual® Group, dedicated to protecting jewelry and jewelry businesses for over a century, proudly announced it has been Certified™ by Great Place To Work® for the second consecutive year. The insurer shares the news on Great Place To Work’s Certification Nation Day, an annual celebration of Great Place To Work Certified companies. The Certification […]

2024/ September 2024

Applied Systems Acquires Planck

Insurance Advocate In the Companies September 15, 2024

Applied Systems (“Applied”) has announced that it has acquired Planck, the leading Artificial Intelligence (AI) company for the insurance industry. This strategic acquisition will significantly expand Applied’s AI capabilities, accelerating its vision for the next generation of the digital roundtrip of insurance and creating more value at every stage of the insurance lifecycle for the benefit of agencies, carriers […]

August 2024

Applied Surety Underwriters Moves into Top Ranks in Worldwide Surety Marketplace as Acquisition of Argo’s Surety Business Reaches Completion

Insurance Advocate In the Companies August 15, 2024

Following its April purchase of Argo’s in-force energy business, Applied Surety Underwriters now adds the majority of the balance of wide-ranging Argo surety portfolio, growing toward global top 10 player in the sector NEW YORK, NEW YORK – Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk Division, completed its acquisition of the […]

August 2024

Social Inflation and Victims’ Act Hit NYSIR

Insurance Advocate In the Companies August 15, 2024

If ever social trends affected an entity…ratings agency AM Best downgraded NYSIR to a B “Fair”, from its longstanding A- rating. primarily due to additional reserve strengthening as NYSIR experienced higher-than-expected losses as a result of the impact of the Child Victims Act and “social inflation” on liability claim costs, increased property loss costs, and […]

July 2024

New Collector Car Insurer OpenRoad Announces Official Launch

Insurance Advocate In the Companies July 15, 2024

DALLAS – The summer driving season may provide auto enthusiasts more opportunities than just getting back behind the wheel. New classic and modern collector vehicle insurer, OpenRoad, has announced it will begin offering coverage across select U.S. states Monday, July 15, 2024, promising better prices, superior coverage, and some much-needed relief from skyrocketing insurance costs […]

July 2024

Commercial Insurers Captured 22 of Top 25 Spots in S&P Global Market Intelligence U.S. Property and Casualty Industry Performance Rankings

Insurance Advocate In the Companies July 15, 2024

Only 2 personal line carriers ranked among the top 50 New York – The U.S. Property and Casualty (P&C) Insurance Performance Rankings published by S&P Global Market Intelligence, an annual ranking of the 100-largest P&C carriers in the country, found that commercial insurers outperformed their peers in key metrics measuring earnings, underwriting profitability, balance sheet […]

July 2024

Verisk Launches First-of-its-Kind Insurance Index to Inform Pricing Decisions

Insurance Advocate In the Companies July 15, 2024

Verisk’s ISO Experience Index can help the insurance industry quickly assess changes in risk patterns and the cost of insuring risk JERSEY CITY, N.J. – The insurance industry exceeded loss ratio levels that have not been seen in nearly 20 years, with an estimated $21.2 billion reported in underwriting losses in 2023. To help insurers, […]

July 2024

Risk Strategies Acquires Baker Benefit Group, LLC

Insurance Advocate In the Companies July 15, 2024

Expands specialty capabilities, expertise in Executive Employee Benefits BOSTON – Risk Strategies, a leading North American specialty insurance brokerage and risk management and consulting firm, has announced it has acquired The Baker Benefit Group, LLC (BBG), a retail firm providing ancillary employee benefits products at large employer groups. Terms of the deal were not announced. […]

July 2024

Two New Vice Presidents Appointed by AIPSO

Insurance Advocate In the Companies July 15, 2024

JOHNSTON, RHODE ISLAND – AIPSO’s President and CEO Chuck Kwolek has announced the hiring of two individuals to Vice President positions in the organization: Adam LaFlamme has been appointed Vice President – Chief Technology Officer, effective June 10, 2024, and Barry Zalcman has been appointed Vice President of Insurance Operations, effective June 3, 2024. Mr. […]