Live Insurance News

Commercial insurance rates are dropping in the United States

August 5, 2015August 4, 2015 S.Vagus

Report highlights the falling premiums in the commercial insurance sector Commercial insurance rates have continued to drop for the second quarter of this year, according to a report from the Council of Insurance Agents & Brokers. The report is released every quarter and shows that premiums have continued to fall by an average of 3.3%, with large accounts seeing a decrease of 5.2%. Some sectors have seen an increase in premiums, however, such as the flood, commercial auto, and cyber liability sectors. Cyber liability is growing in popularity Commercial property,…

Price of commercial insurance remains level for another month

July 9, 2015July 7, 2015 Julie Campbell

For the fourth straight month, the prices have kept themselves relatively static, said a new report. According to a recent report that was issued for June by MarketScout, the commercial insurance rates haven’t moved very much at all over the last four months, with only one exception. In June, the business interruption line of insurance did see its rates slide downward when compared to May. That said, the decrease that the commercial insurance rates saw in the business interruption line was only by an average of one percent, so it…

Warren Buffett makes insurance news with caution in the industry

May 7, 2015May 5, 2015 Julie Campbell

Berkshire Hathaway recently announced its earnings and stated that it is unlikely that an underwriter would be purchased. In recent insurance news, Warren Buffett of Berkshire Hathaway finally put an end to the speculations that have been made about the company for a long time, by saying that they don’t have any real intention to ever purchase a large commercial underwriter, and that the intention is to take a more organic strategy in order to grow their commercial platform. Buffett fielded some heavy questions at the annual shareholder meeting for…

Overstock breaks into the insurance market

May 22, 2014May 22, 2014 Logan B.

Overstock.com to begin selling insurance products for a variety of sectors Overstock.com is set to enter into the insurance market. The company specializes in discount retail, offering sales on a wide range of products and boasting of a massive inventory that grows by the day. The company has seen potential in the insurance market and has begun carrying insurance policies for those interested in shopping for such products online. These policies cover property, vehicle, and commercial insurance, with Overstock.com acting as a sort of insurance exchange. Insuritas provides backbone for…

Commercial lines insurance sector continues to see positive growth

April 11, 2014April 9, 2014 Logan B.

Fitch Ratings predicts the continue of strong growth in the commercial lines sector Fitch Ratings, a global ratings agency, has released an update for its commercial lines insurance market report. The report highlights a growing trend of profitability and expansion for the commercial lines sector. The commercial lines sector is currently rates as “Stable” by Fitch, which predicts that the sector will continue to see strong progress in the coming months. The agency’s outlook on the sector is supported by growing profitability that insurers have reported over the past several…

Insurance industry changes ahead with legalized marijuana

January 29, 2014January 27, 2014 G. Turner

Medical Marijuana Auto insurance statistics

There will be a number of differences on their way, and within more than one sector. From the moment that marijuana was legalized in the United States, some of the largest cannabis derived food and drug developers saw their shares skyrocket, as other sectors, such as the insurance industry, began a notable transformation in several directions. This legislation affects policies, companies providing related services, and even equipment producers. What had previously been an environment that was completely in the black market has now emerged to implicate everything from the insurance…

The Effects that Cheap Business Insurance Can Have on Your Company

January 25, 2014April 18, 2014 Guest Author

Every so often will be asked by startups and even established companies: “can you get me cheap business insurance?” At first I’m sort of offended that someone would ask me that, but then I remember that it’s not the customer’s fault for thinking that “cheap is good” – it’s actually the insurance industry’s fault. The insurance industry has been commoditizing insurance so much over the past ten years – especially auto insurance that it’s hard not to think that a priority of any type of insurance is that it has…