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Lloyd’s, the top global marketplace for insurance and reinsurance, has announced several key appointments in its executive team. Headquartered in London, Lloyd’s is known for its role in managing global risk. The changes aim to strengthen leadership and improve market performance. Rachel Turk has been appointed as the chief of market performance. She will take … Read more

The fence installation industry is booming, driven by a growing need for security and outdoor spaces. With the U.S. fencing market valued at around $12 billion and showing steady growth, many entrepreneurs are looking to start their own fence companies. However, success in this field requires careful planning and an understanding of risks involved. Starting … Read more

Commercial property and casualty insurance premiums have seen a notable shift in the first quarter of 2025, according to a recent survey by The Council of Insurance Agents & Brokers (CIAB). Premiums across all account sizes rose by 4.2%, which is a significant decrease from the 22% increase observed in the previous quarter. This marks … Read more

Homeowners insurance rates have been on the rise, especially in states like Texas. However, a recent report brings some good news for homeowners. For the first time in five years, the U.S. homeowners insurance market has reported a combined ratio of less than 100. This means that the industry is starting to improve financially. In … Read more

Insurance companies are facing scrutiny over how they report their financial health, particularly regarding the combined ratio. This metric, which combines loss and expense ratios, has become a focal point of discussion among industry leaders. Many executives, including CFOs, often cite a combined ratio over 100 as a sign of financial trouble. However, this raises … Read more

Light industrial operations are a common topic in commercial insurance discussions, but many people might not fully understand what they entail. Generally, light industrial businesses include machine shops, sheet metal work (limited to shop settings), and the manufacturing or assembly of smaller goods like metal products, electrical components, or food items. These businesses often operate … Read more

The Honolulu Police Department is facing scrutiny after a lawsuit from the American Civil Liberties Union of Hawaii. The lawsuit claims that police are arresting sober drivers in a push to increase DUI arrests. This has raised serious concerns about the department’s practices and the potential for wrongful arrests. According to the lawsuit, many drivers … Read more

Recent cyber incidents highlight the growing risks associated with third-party vendors, particularly in the technology sector. These risks have resulted in a surge of cyber insurance claims, primarily due to data breaches and increasingly, ransomware attacks. The impact of these incidents can be severe, affecting not just the vendors but also their clients, leading to … Read more

Carpet installation is more than just laying down a beautiful floor covering; it requires the right tools and techniques to ensure a safe and effective job. Thomas McMillan, a commercial lines staff underwriter at Central Insurance, recently shared insights on the crucial tools and risks involved in carpet installation during a discussion aimed at professional … Read more

Premium renewal rates for commercial insurance have shown mixed results in early 2025, according to the latest Ivans Index report. While most major lines of insurance saw year-over-year increases, workers’ compensation is the exception. The report, which tracks premium renewal rates, indicates a general decline in rates compared to the previous quarter, with the notable … Read more