AM Best: Downgrades Outnumber Upgrades in 2023
AM Best downgraded 32 property & casualty companies’ credit ratings in the first half of 2023, including 21 personal lines insurers.
Personal Lines
J.D. Power and Big ‘I’ Study: Agents’ Carrier Relationships in Hard Market
In the current hard market environment, independent agents are proactively shopping ahead for their clients more than they have in the past.
How Agents Can Benefit From a Rebounding Life Insurance Market
For independent agents, selling life insurance has traditionally involved more effort than other lines of business, but today the life insurance market is ripe with opportunity.
Homeowners Market Faces Upheaval as Outlook Worsens
An estimated 39 million U.S. homes are underinsured compared to the risk they actually face from weather events, such as hurricanes, wildfires and floods, according to the First Street Foundation.
Finding Solutions as Carriers Reduce Capacity in the Hard Market
Last week, California Insurance Commissioner Ricardo Lara announced his Sustainable Insurance Strategy to improve capacity and offer rate relief.
Advantages of a Standalone Jewelry Policy in a Hard Market
All claims through homeowners policies, even a single jewelry claim, can have a negative impact on a client’s homeowners or renters policy.
Number of Uninsured Drivers Increases as Rates Rise 5.9% in H1 2023
As personal auto insurance rates continue to accelerate upward, some drivers are taking to the market to find cheaper rates—while others are choosing to drive without coverage.
Reach Next-Gen Car Collectors in an Evolving Market
Not only is the hobby transitioning to new generations, both to Generation X and millennials, it is also witnessing the evolution to electric vehicles (EVs).
2023’s First-Half P&C Underwriting Loss Just $2 Billion Below Loss for All 2022
Rising loss costs, above-average catastrophe activity, and the struggling personal lines segment—especially homeowners insurance—were factors listed as contributing to the losses.
AN Radio: Teaching the Language of Insurance with Osiris Maldonado
Osiris Maldonado is making it her mission to educate her community about insurance and provide a stable, rewarding career to her staff.
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