Business Insurance

State Farm's CEO discusses the enduring relevance of the company's mutual structure and captive agent network, highlighting its unique advantages and the need for continuous adaptation in the insurance industry.

This article delves into the founding, mission, and future projects of East Side Stories, a NYC-based nonprofit dedicated to sharing the AAPI experience through film, media, and education. It highlights the resilience of AAPI small businesses during the pandemic and offers practical advice for readers to support these businesses.

This article explores the impact of the COVID-19 pandemic and recession on the property/casualty insurance industry, highlighting key findings from a recent report by the Insurance Information Institute and Milliman. It discusses the expected flat premiums, rising commercial rates, and the industry's projected recovery in the coming years.

This article delves into the legal and financial implications of bad faith claims and business income interruption policies during the COVID-19 pandemic, highlighting the ongoing debate between policyholders and insurers.

This article discusses the 2021 outlook for the insurance industry, focusing on personal and commercial auto insurance trends and workers compensation insurance in the context of the ongoing pandemic. It highlights the financial strength of the industry but also warns of continued uncertainty and the need for adaptation.

This article explores the sustained growth of the Excess and Surplus (E&S) insurance market, examining key drivers, market dynamics, and future prospects. It highlights the market's resilience in the face of climate risks and legal challenges, and provides insights for potential policyholders.

A North Carolina court's decision to rule in favor of 16 restaurants' COVID-19 business interruption claims challenges prevailing judicial wisdom. This article explores the legal battle over policy language and the broader implications of this case for future claims.

Indiana's new law requiring disclosure of third-party litigation funding in civil lawsuits marks a significant step towards transparency in the legal system. This article explores the concept of third-party litigation funding, its growth, and the implications for the judicial process and insurance affordability.

This article discusses the projected underwriting profits for property/casualty insurers in 2021, premium growth trends, and the impact of natural catastrophes on the insurance market. It also provides insights into the economic recovery and market dynamics affecting the industry.

This article explores how group captives, insurance companies owned by the organizations they insure, offer a cost-effective solution for businesses facing inflationary pressures. It delves into the mechanics of group captives, their benefits, and real-world data that underscores their effectiveness.

This article discusses the U.S. property/casualty insurance industry's performance in 2020 and projections for 2021, highlighting resilience amidst global challenges and the anticipated economic recovery.

The Ever Given incident in the Suez Canal exposed critical vulnerabilities in the global maritime supply chain, prompting a reevaluation of risk management strategies in the industry.

This article delves into the intricacies of Business Interruption Insurance, explaining what it covers, why pandemics are uninsurable, and the role of government in future risk mitigation strategies.

This article explores how monetary policy and geopolitical factors influence the U.S. economy and the insurance industry in 2023, providing insights and strategic tools for industry professionals.

A study by the American Tort Reform Association reveals that most Americans prefer public policy solutions over litigation for COVID-19 relief, with a strong preference for government aid for small businesses.

This article explores the implications of a potential global recession on businesses, emphasizing the role of credit risk insurance in safeguarding against financial losses. It discusses the factors contributing to credit risk and provides practical advice for businesses to mitigate these risks.

This article discusses the potential impacts of the Biden administration on the property/casualty insurance industry, focusing on climate change, pandemic risk, and corporate tax rates. It provides insights into legislative activities and offers practical advice for readers.

The P&C insurance industry is experiencing its worst underwriting results since 2011, driven by factors such as Hurricane Ian, inflation, and geopolitical risks. This article explores the current challenges and offers insights for navigating these turbulent times.

This article explores the current state and future projections of the property & casualty insurance industry, focusing on inflation trends, premium rates, and underwriting profitability. It highlights the challenges faced by various insurance lines and provides insights for readers to navigate these complexities.

The Insurance Information Institute (Triple-I) has launched the Future of American Insurance & Reinsurance (FAIR) campaign to ensure the insurance industry's role in economic stability during the COVID-19 pandemic. This article discusses the campaign's objectives, the industry's contributions to economic recovery, and the need for public-private collaboration.

This article discusses the strong financial performance of the property/casualty insurance industry amidst growing risks, including natural disasters and geopolitical uncertainties. It also highlights opportunities for leadership and adaptation in the face of these challenges.

A survey conducted by the Wisconsin School of Business and the NAIC reveals that most insurance experts believe legislative proposals requiring insurers to cover pandemic-related business interruption claims threaten the industry's solvency. The private market is also seen as struggling to efficiently supply BI coverage for pandemics, with the federal government potentially needing to step in.

This article explores the legal challenges surrounding COVID-19 insurance claims and their impact on business recovery, highlighting the growing consensus that federal intervention may be necessary for effective support.

This article discusses the importance of earthquake insurance and other disaster preparedness measures for businesses, highlighting the risks and offering practical advice for recovery.