Turbeville Insurance Agency was founded in 1991 by William L. “Bill” Turbeville Jr. and serves personal, commercial, life, health and employee benefits clients in offices in Columbia, Lexington, Beaufort and Charleston. The company has particular depth in coastal property, construction, contractors, developers and restaurants – lines that align directly with South Carolina’s growth-driven risk profile….
Christopher Coppock, head of geopolitical and economic risk analysis at Marsh, said: “Business leaders should recognize that greater policy friction is the new baseline as trade agreements are reviewed in North America and around the world, and build resilience now. This means stress-testing supply chains against tariff and non-tariff shocks, clarifying contractual risk allocations with…
The annual report, which is based on QBE’s proprietary claims data, found that neoplasms accounted for 36% of all stop-loss claim reimbursements, maintaining its position as the leading diagnosis at all deductible levels. At the $200,000 deductible level, severity of neoplasm claims increased 12% from the average in previous years, while frequency increased nearly 30%….
Peggy Brinkman, a principal actuary at Milliman, maps the trajectory: from univariate actuarial techniques, through generalized linear models, to gradient boosted machine models, and now to explainable boosting machines – a class of models that provide gradient boosting accuracy with the explainability that is needed for rate filing approval to state regulators. Change is happening…
This is the central finding of “How are insurance markets adapting to climate change? Risk classification and pricing in the marketplace for homeowners insurance“National Bureau of Economic Research Working Paper (NBER Working Paper No. 32625) June 2024 by Judson Boomhower of UC San Diego, Meredith Fowley of UC Berkeley, Jacob Gelman of the University of…
The tail of claims may prove long. Even before the conflict, the International Union of Marine Insurance (IUMI) had forecast average hull claim costs to rise by 7 to 22% over five years, while Nordic insurers association Seafore reported in April 2026 that claim costs per ship are 33% higher than pre-pandemic levels. Regis Brodin,…
Regulatory pressure adds to the risks Family offices and their advisors also face a stringent regulatory environment that directly mirrors insurer requirements. According to Omega Systems, the SEC’s amendments to Regulation SP went into effect for small registered investment advisors on June 3, 2026, introducing a written incident response program, 30-day client breach notification obligation…
The speed of individual lines matters especially in a state like New Jersey, where market conditions are tightening on lines operated by MLR. Insurers including State Farm have dropped homeowners policies in New Jersey, part of a broader pattern of carrier withdrawals from markets where regulatory hurdles have historically delayed rate adjustments. This pattern typically…
The legacy that changed the underwriting room The broader significance of Surfside’s anniversary for the industry lies not in DAMAC’s struggles alone, but in the change in momentum across systemic changes. The event also resumed on Monday, when NIST released its long-awaited technical findings. Federal investigators concluded that the collapse began several weeks before June…
What researchers found inside the garbage dump is hard to dismiss. Security experts reviewing the parts for Reuters found files labeled “com.apple.factorydata”, which contained documents bearing Apple’s proprietary markings and a 52-page document detailing quality inspection standards for iPhone circuit board components. A search for “Apple” in the entire archive yielded 181 files and folders….
