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Security First Touts 5% Rate Decrease for HO-3, Renters Policies in Florida
May 17 2024 // Citing the stabilizing impact that legislative reforms have had on the Florida market, Security First Å˽ðÁ«´«Ã½Ó³» Co. executives this week announced two residential property rate reductions of more than 5%. “For the...
Fitch Ratings: US Cyber Premium Growth Slows in 2023
May 17 2024 // The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Å˽ðÁ«´«Ã½Ó³»...
Popular SC Country Music Venue Shuts Down Due to Liquor Liability Å˽ðÁ«´«Ã½Ó³» Costs
May 16 2024 // A popular country music venue in Greenville, South Carolina, has closed its doors after almost 30 years, citing the cost of liquor liability insurance in the state. The Post and Courier newspaper and other news outlets...
Zurich’s First-Quarter P/C Revenue Rises on Higher Premiums
May 16 2024 // Zurich Å˽ðÁ«´«Ã½Ó³» Group AG said revenue from property and casualty insurance rose 12% in the first quarter on a like-for-like basis, helped by higher premiums. Gross written premiums in the business rose 9% from a year...
Illinois Indemnity Benefits Per Claim Rose in 2022: WCRI Study
May 15 2024 // Indemnity benefits per claim in Illinois increased 5% in 2022, driven by a 4% increase in workers’ wages, a new study from the Workers Compensation Research Institute (WCRI) found. A 0.8-week increase in the average...
Markets/Coverages: Coalition Enters Excess Cyber Å˽ðÁ«´«Ã½Ó³» Market in Australia
May 15 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their...
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