Industry Trends

Nearly 1 in 4 business travelers say COVID-19-related travel restrictions have made their jobs less effective, according to a survey from Chubb.

A LexisNexis report illustrates that the secret to moving toward a touchless claims process may be through a hybrid model—and that insurance carriers can do more to turn virtual claims processing into a competitive advantage.

2020 saw a decrease in overall salary and total income growth for insurance agency personnel—yet satisfaction rates rose, especially in agencies that offered employee benefits.

The number of independent insurance agencies has remained stable and business conditions continue to improve, although at a slower rate than 2018, according to the 2020 Agency Universe Study.

CNA revealed it sustained a cyberattack on Sunday evening which caused network disruption and impacted certain systems, including corporate email. Currently, it is not clear if the company’s data has been affected.

If agreed to, the transaction could be the biggest insurance deal since 2020 and the largest property-casualty insurance sector deal since 2016.

“My goal every day is to advance the ball for independent agents; sometimes I go for a few yards for a first down, sometimes I go for the touchdown,” says Bob Rusbuldt, CEO of the Big “I.” “Every day I wake up excited to do my job.”

While the trend remains that most courts find claims are not covered, each claim still needs careful consideration based on the specific policy language and factual circumstances.

Without reassessing a home’s reconstruction cost value, homeowners may find themselves underinsured after an adverse event.

The partnership aims to cut cloud security risks and offer cyber insurance designed for Google Cloud customers.