Category Archives: Industry News

The State of the Market report features expert insights from Amwins professionals into the elements influencing market trends. It examines rate movements, capacity and evolving coverage across various industries, business lines and risk specialties in the United States, London and Bermuda. Download now🔗 https://hubs.li/Q03XSp_50

Perspectives on the impact of AI, data analytics, and emerging technologies on the future of specialty insurance, and growth opportunities for MGAs and program managers over the next one to two years. https://www.ambest.com/video/MediaArchive.aspx?lid=1068187747001&vid=6372582556112&altsrc=182

The Ohio Bureau of Workers’ Compensation on Thursday announced that public employers will pay an average of 3.9% less in workers compensation retroactive Jan. 1. The rate reduction was made possible by declining injury claims and relatively low medical inflation costs by Ohio’s counties, cities, public schools and other public taxing districts, according to aContinue reading “Ohio Public Employers’ Comp Rates Drop in 2024”

Social inflation is an issue that continues to gain intensity – but what does it mean for our industry? The term describes the convergence of societal and legal trends to the tune of increased litigation, broader definition of duty to care, legal decisions tipping in the plaintiff’s favor, and larger jury awards. In turn, we’reContinue reading “The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry”

Allied Market Research published a report, titled, “U.S. Surplus Lines Insurance Market by Coverage (General Business Liability Insurance, Allied Lines Insurance, Fire Insurance, Inland Marine Insurance, Commercial Multi-Peril Insurance, Commercial Auto Insurance, and Others), Distribution Model (Retail Agents, Wholesalers, and Others), and Application (Commercial and Personal): Country Opportunity Analysis and Industry Forecast, 2020–2027.” According toContinue reading “U.S. Surplus Lines Insurance Market Size to Reach $125.92 Bn by 2027 at 15.2% CAGR”

To borrow words from one surplus lines thought leader: ‘There are many possibilities before us in a dynamic and challenging market.’ By Elana Ashanti Jefferson | September 14, 2020 View entire article

As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a new, fresh look at many of the statutory and regulatory standards applicable to surplus lines insureds, brokers and insurers alike. By Zachary Lerner | FebruaryContinue reading “20 Things to Know About Surplus Lines Insurance in 2020”