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
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