In this guide, we will be giving you tips and various ways of obtaining a visa without having to go through the hassle of applying for one yourself. Explaining with a step by step guide on how to apply, where to bag a visa sponsorship, the eligibility criteria, and also various reasons why relocating to … Read more
More than 100 people demonstrated outside UnitedHealthcare’s headquarters earlier this year. A growing resentment of the insurance sector has been exposed by the murder of UnitedHealthcare CEO Brian Thompson in New York last week, as evidence from the crime scene suggests that the attack was targeted. Outside the New York Hilton Hotel on the morning … Read more
In the US, secondary risks change underwriter priorities. Gallagher’s research on the US real estate and hospitality business highlights significant shifts in the property and casualty insurance markets as 2024 comes to an end. Restrictive endorsements are being removed, and other more advantageous clauses are being negotiated by insureds with up-to-date property appraisals. Hurricanes Helene … Read more
Which areas of insurance would see growth in 2025, and which would encounter difficulties? In 2025, the insurance business is anticipated to continue to be a mixed bag, with certain industries growing and changing while others face difficulties. The excess and surplus (E&S) insurance industry has grown “notably” over the last six years, and the … Read more
Allianz Commercial claims that “nuclear” verdicts have tripled. Growing tendencies in social inflation, especially in the US, are causing profound changes in the worldwide liability insurance market. The escalating expenses of insurance claims brought on by things like litigation funding, plaintiff-friendly courts, and big jury awards—often referred to as “nuclear verdicts”—are referred to as social … Read more
Key reasons leading to the rise were revealed. The Tennessee Department of Commerce & Insurance, or TDCI, reports that over 301,947 licensed insurance producers are currently operating in Tennessee, a more than 25% increase over the roughly five-year period since the fiscal year 2020 to 2021. The licenses of 51,986 resident insurance producers and 249,961 … Read more
New structure aims to attract investment Hospitality Mutual Insurance Co. (HMIC) is seeking clearance to reorganise as a stock corporation managed by a mutual insurance holding company. According to a letter addressed to policyholders, the planned reorganisation seeks to increase HMIC’s flexibility and competitiveness. According to AM Best, the reorganised corporation will be known as … Read more
How one wholesale broker is getting ready to take advantage of additional resources The Amwins Group collaborated on this article. Gia Snape of Insurance Business interviewed Korbin Holck, senior vice president, personal lines at Amwins Access Insurance Services, on the problems and potential in the California insurance industry. The California insurance market has faced significant … Read more
Regulator outlines potential dangers associated with its opportunities. In June, AM Best upgraded its forecast for the global reinsurance sector from Stable to Positive, marking the segment’s first such shift. The shift is due to a growing emphasis on technological profitability in recent years. According to AM Best, unlike previous cycles, a combination of climatic … Read more
It is the twentieth year that the state has seen a reduction. The National Council on Compensation Insurance (NCCI) has proposed a 9.1% reduction in West Virginia’s workers’ compensation loss expenses, according to a statement from Gov. Jim Justice’s office. The recommended reduction would apply to all standard classifications, with a 10.4% drop proposed for … Read more