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- U. S. P-C Industry Net Underwriting Income Up $4. 9B - spcpub. com
OLDWICK, N J — Net underwriting income for the U S property-casualty (P-C) industry improved by $4 9 billion in 2019 compared with 2018, according to a new A M Best report
- 3Q Composite Rate Up for Commercial Lines, Down for Personal Lines
3Q Composite Rate Up for Commercial Lines, Down for Personal Lines DALLAS — The composite rate for commercial lines new and renewal placements averaged up 1% in the third quarter, while it dipped slightly for personal lines, according to MarketScout By coverage classification, only automobile insurance rates increased from plus 4% to plus 5%
- Large Jury Awards Rise 30% - spcpub. com
In 2023, there were 89 lawsuits against a corporate defendant that resulted in a nuclear verdict award of at least $10 million, while 27 were deemed “thermonuclear” — more than $100 million
- Commercial Property Premiums Up 20. 4% - spcpub. com
Commercial Property Premiums Up 20 4% Commercial property premiums increased by 20 4% on average in the first quarter of 2023 It marked the first time since 2001 that this line experienced an increase of over 20%, according to a report from the Council of Insurance Agents Brokers
- Cyber Premiums Soar 34. 3% in Q4 2021 - spcpub. com
Cyber Premiums Soar 34 3% in Q4 2021 WASHINGTON, D C — Premium prices increased for the 17 th consecutive quarter, according to the Council of Insurance Agents Brokers The average increase in premiums across all account sizes in Q4 2021 was 8 7%, down slightly from 8 9% the previous quarter
- Article Updates - spcpub. com
Article Updates - Standard Publishing Corporation-Publishers of news and information for insurance agents, brokers, and risk professionals
- SBOs Concerned About Economic Impact of COVID-19 - spcpub. com
SBOs Concerned About Economic Impact of COVID-19 Seven out of 10 small-business owners (71%) are concerned that they will not recover from the economic downturn caused by the COVID-19 coronavirus pandemic, according to a survey from LendingTree
- U. S. DEA to Reclassify Marijuana - spcpub. com
U S DEA to Reclassify Marijuana The U S Drug Enforcement Administration has signaled that it will reclassify marijuana as a less dangerous drug for the first time since the Controlled Substances Act (CSA) was enacted in 1971
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