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Michigan Bill to Reduce Auto Insurance Premiums is in Peril
agentnewsjournal.com

Legislation to reduce Michigan’s high auto insurance premiums by letting drivers opt out of mandatory unlimited medical coverage is in peril, with majority Republicans lacking enough support to pass it on their own and many Democrats pushing an alternative plan. …

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P&C Insurance Claims Transformation in 2017 – Retrospective and Prospective
agentnewsjournal.com

Insurance carriers have made an unprecedented investment to improve the integrity of their claims systems and processes. This transformation started in the US over 15 years ago with the original goal of improving financial accuracy, financial control, upgrading legacy technology …

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Carriers, Reinsurers Under Review as A.M. Best Changes Credit Rating Methodology
agentnewsjournal.com

Insurance rating agency A.M. Best announced the publication of the updated Best’s Credit Rating Methodology (BCRM) on Friday, and also announced the names of several insurance and reinsurance groups that the rating agency has put under review. Allstate and American …

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Berkley Regional Specialty to Rebrand as Berkley Aspire
agentnewsjournal.com

Excess and surplus lines insurer Berkley Regional Specialty is changing its name to Berkley Aspire effective January 1, 2018. Berkley Aspire writes general liability, property, umbrella and inland marine, and has plans to introduce new coverage lines in 2018. “Our …

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Universal Insurance Holdings Expands to New York with Launch of Universal Direct
agentnewsjournal.com

Universal Insurance Holdings Inc. has announced that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has written its first homeowners policy in New York. The company also announced the official launch of Universal Direct, the direct-to-consumer online platform …

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U.S. Homeowners’ Premiums Grow Despite Insurers’ Decreasing Return on Equity: Aon Benfield
agentnewsjournal.com

When this year’s results are tallied, direct U.S. homeowners’ insurance premiums will have continued to grow, despite a decreasing return on equity for insurers. According to Aon Benfield’s annual Homeowners’ ROE Outlook report, homeowners’ premiums increased from $89 billion in …

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Why P&C agents never fail to impress
agentnewsjournal.com

What prompted NU’s editor-in-chief to create an awards program for independent P&C insurance agencies?

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NU Agency of the Year Award, Cobb-Hall Insurance: The Relationship Business
agentnewsjournal.com

For Cobb-Hall, clear messaging, client education and solid communication add up to an enviable retention rate.

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5 client takeaways from Hurricanes Harvey and Irma
agentnewsjournal.com

JAG Insurance Group has been deep in the trenches in South Florida, helping residents and business owners recover from recent hurricane damage. Here’s what they learned.

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