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The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.
MGAs can offer insurers a cost-effective entry into new or niche markets without having to make the typical expenditures associated with expansion.
Here's what job seekers and those looking to get ahead in the P&C insurance business can expect in the new year.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
Insurers are in the business of risk transfer, so they should know better than most the risk involved with attorneys performing the same business function as that of a typical insurance adjuster.
Insurance industry news from NEXT Insurance, NFP, Coalition and more.
Non-tornadic gusts such as straight-line winds and derechos are occurring five times more frequently.
In 2023, the average data breach costs $4.45 million worldwide, an increase of 2% compared to 2022.
Cat bonds are rising in popularity as their returns trounce those of virtually all other debt markets.
It's time for commercial insurance to upgrade its embedded strategy and expand beyond affinity partnerships.