The controversy centers on a barge cleaning facility in Jennings, Louisiana, which was operated by an entity called SBA from 1965 to 1993. During that period, barges owned by National Marine – the predecessor of American Commercial Barge Line (ACBL), an Indiana-based barge transportation company – were sent to the site for cleanup. National Marine…
A softening insurance market in many areas is creating new growth opportunities, but it is also increasing operating performance levels. As submissions become more data-intensive, policyholder service expectations increase and product offerings expand, insurers, MGAs, brokers and agencies are looking for scalable ways to streamline insurance operations, automate underwriting workflows and manage compliance more efficiently….
A softening insurance market in many areas is creating new growth opportunities, but it is also increasing operating performance levels. As submissions become more data-intensive, policyholder service expectations increase and product offerings expand, insurers, MGAs, brokers and agencies are looking for scalable ways to streamline insurance operations, automate underwriting workflows and manage compliance more efficiently….
Problems began to surface as early as 2014, when workers, DLI staff, and business consultants raised concerns about the school. As of June 2019, DLI launched a formal audit covering July 2015 to June 2018. What was found was not encouraging. The school provided incomplete records in response to audit requests. Its minimum typing speed…
Litigation is now a structural pressure, not a cyclical one Another major issue is social inflation and abuse of the legal system, which has led to continued claims inflation, particularly in liability lines, making profitability difficult at current pricing levels. As a result, insurers are raising rates in areas such as auto, excess liability and…
The financial statements will need to be detailed enough to conduct an actuarially sound analysis of all income sources, including premiums, investment income and profits from the sale of assets. On the expense side, insurers must disclose salaries, commissions, consulting fees, legal expenses, advertising costs and other business expenses. One provision that is likely to…
Catastrophe loss in personal lines was $58.9 million, or 9.1 points of the combined ratio, compared with $34.9 million, or 5.6 points, a year earlier. This includes $80.2 million of current year catastrophe loss, partially offset by $21.3 million of favorable prior-year catastrophe reserve development, primarily related to 2025 events. The current accident year combined…
Insurance organizations are under pressure to move faster, operate more efficiently, and improve financial performance. Yet many carriers, MGAs, reinsurers and program businesses still rely on fragmented systems, manual workflows, spreadsheets and delayed reporting to run critical parts of their operations. This white paper, commissioned by INTX Insurance Software and supported by independent RSM field…
The real jewel in the partnership, however, is something called Risk Perspective – a content series that will be live on F1.com and the official F1 app, examining nine specific circuits where drivers and teams must understand risk, adapt under pressure and make decisions in a fraction of a second. This is, frankly, fantastic. Not…
Under the proposed legislation, a person – which is broadly defined to include individuals, associations, partnerships, limited liability companies, firms, corporations, and private organizations – may not own or operate a motocross facility unless that person carries insurance coverage from an approved insurer. The coverage level is set at one million dollars per occurrence and…
