The UK is the historical birthplace of the modern insurance industry and where the London Market emerged as a hub for global risk. How are industry dynamics and new domestic challenges in claims and pricing shifting the landscape? It’s London Calling. We mark the 4th anniversary of Insurance News Analysis with this special edition recorded … Read more
This post is part of a series sponsored by Dyad. In the ever-evolving landscape of Property and Casualty (P&C) insurance, the distribution “middle”, comprised of intermediaries such as agents, brokers, MGAs, and wholesalers, plays a pivotal role. Traditionally, this segment has been the bridge between insurance carriers and policyholders, facilitating the purchase of insurance products … Read more
NORTHBROOK, Ill., June 20, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of May of $1.40 billion or $1.10 billion, after-tax. Catastrophe losses included 14 events estimated at $1.48 billion, with approximately 70% of the losses related to five wind and hail events, primarily in Texas, Colorado and Illinois. Total catastrophe losses for April and May were $1.89 billion, pre-tax, and … Read more
NORTHBROOK, Ill., June 19, 2024—To inspire commerce, generate jobs, and reward positive social impact in Chicago, Allstate announces recipients of its inaugural Main Street Grants program in partnership with community councils across Chicago’s South and West sides. The funds equip small businesses, entrepreneurs, and community organizations to better fuel innovative, sustainable projects which positively impact their individual communities around … Read more
This post is part of a series sponsored by AgentSync. For many carriers and agencies, compliance is an arduous chore. Compliance touches on almost every aspect of your distribution process: From checking licenses during onboarding to obtaining appointments in the appropriate states to selling under the appropriate license and line of authority to paying accurate … Read more
NORTHBROOK, III., June 17, 2024 – Detroit’s northeast side is now home to a new soccer mini-pitch, courtesy of Allstate and U.S. Men’s National Team 2022 World Cup Captain Tyler Adams. The mini-pitch was unveiled June 15 at Fisher Magnet Upper Academy, home to a soccer clinic for 7- to 12-year-olds. “As big supporters of soccer and youth empowerment, … Read more
This post is part of a series sponsored by TSIB. Understanding how insurance cost savings work on a Controlled Insurance Program (CIP), also known as a Wrap-Up, and who retains the risk/reward is important. There are several varieties of CIPs which differ by the coverages included as well as entities that purchase them (owner vs … Read more
This post is part of a series sponsored by AgentSync. Nothing good comes easy, right? Turns out, overhauling your outdated technology in favor of more modern, cloud-native systems is no exception. In today’s digital age, shying away from cloud-native technology puts businesses at risk of falling behind. Flexibility, scalability, reduced costs, and an enhanced customer … Read more
This post is part of a series sponsored by TSIB. The saying, “life is what happens to you while you’re busy making other plans,” is as true as a statement that you can make. Unfortunately, the simple truth is, bad things are bound to happen. When they happen to your company, it is critical to … Read more
This post is part of a series sponsored by AgentSync. The cost of legacy technology In 2023, companies in the financial services industry spent an average of 15 percent of their revenue on technology. Not only is that up from 10 percent in 2022, but it’s near the top of the list when you look … Read more