Brokers Archives

Utilizing Business Intelligence: Claims Transformation 2.0 – E&Y

Paul Hughes
January 2, 2014

Competing in the modern marketplace has never been more challenging, with its “quickly rising consumer demands and urgent need to reduce processing costs.” Although some companies within the insurance industry…

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Commercial P&C Rates Rose 4% in November

Paul Hughes
December 30, 2013

MarketScout recently reported that commercial property & casualty insurance rates rose an average of 4% in November. Among lines of coverage tracked, commercial auto experienced the largest increase at 5%. Commercial…

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Insurers should “Double down” on technology with high ROI in 2014: Ernst & Young

Paul Hughes
December 23, 2013

With a continued low-rate environment and numerous external forces affecting the market, insurers must make investments to “drive down frictional operating costs, increase access to data and information across organizational…

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Commercial Lines Insurance Pricing Up 5% in Third Quarter

Paul Hughes
December 10, 2013

According to Towers Watson & Co.’s most recent Commercial Lines Insurance Pricing Survey, commercial lines insurance premiums were up 5%. The lines of business recording the biggest price increases included…

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NCCI Recommends 2.3% Increase in GA Work Comp Rates

Paul Hughes
November 25, 2013

Due to Georgia’s work comp medical claim severity climbing 5% in 2011 from 2010 and lost-time claim frequency in the state growing 4.5% in 2011 compared with the prior year,…

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Several States Seek Work Comp Rate Hikes for 2014

Paul Hughes
November 19, 2013

The NCCI made recommendations to several states to increase workers’ compensation rates. Among them are FL at 0.7%, CO at 2.6% and AZ at 3.2%. Do you have the latest…

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Commercial Property/Casualty Insurance Rates to Rise This Year

Paul Hughes
November 4, 2013

U.S. commercial property & casualty rates should continue increasing for the rest of the year, according to Moody’s Investors Service: Commercial property/casualty insurance rates to rise this year: Moody’s |…

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Construction Worker Deaths up 5% in 2012

Paul Hughes
October 22, 2013

The number of U.S. construction workers killed on the job rose 5% in 2012, according to data released by the Department of Labor. The preliminary report by the Labor Department’s…

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