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Growing construction costs, increasing catastrophe exposure and a difficult reinsurance market led to the decision, according to the company.
Are the middle market and private company D&O the keys to unlocking new opportunities in this sector?
"Breaches can be prevented when employees at every level feel they can be vocal about security weaknesses."
Insurance automation: Recent research illustrates a significant change in customer expectations.
Insurance industry news from Carpe Data, RIMS, Openly and more.
Home insurance rates in the U.S. are expected to see an average increase of 9% this year.
Direct premiums written in 2022 were up nearly $80 billion from the previous year, according to the NAIC.
Women in insurance producer roles earn only 67.6% of what male agents make, according to the U.S. Department of Labor.
While Florida hurricanes are not unusual, this storm created claims complexities because of new statutory reforms, homeowners without flood insurance, and supply chain and worker shortages.
The latest insurance industry personnel news from Mosaic Insurance, Capco, Liberty Mutual Surety and more.
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