Carrier Management

BREAKING NEWS! California Commissioner ‘Provisionally’ OKs State Farm’s Rate Request https://lnkd.in/ggd-A4BA

For many carriers in a competitive insurance marketplace, a successful distribution strategy relies on the strength of their relationships within the independent agent channel. With insights gathered from nearly 1,300 independent agents, this new report from Vertafore examines how carriers can enhance their agency partnerships. https://bit.ly/3DHe8uY #sponsored #agentexperience #insurancecarrier

Two new reports highlight the stagnant mergers and acquisitions seen in the insurance industry in 2024. https://lnkd.in/gNTV_VuN

The National Oceanic and Atmospheric Administration on Tuesday began plans to lay off 10 percent of its current workforce, people inside and outside the agency said, with some of them requesting anonymity due to fear of retribution. The numbers were presented to NOAA employees and managers were asked to submit names of positions for layoffs to agency headquarters, which will then go to NOAA’s parent agency, the Department of Commerce, on Wednesday, the people said. https://lnkd.in/g82fyVG9

Carrier executives are talking about growing personal auto insurance again, and many see packaging auto with homeowners as the smoothest path. But where should they grow homeowners policies? Assured Research’s William Wilt offers one analysis, intersecting data on housing unit shortages by state with risks to buildings across the 18 perils modeled by FEMA. https://lnkd.in/g2xuejCE

We welcome title sponsors HazardHub (a Guidewire offering) & CoreLogic Insurance Solutions to the Wildfire Risk Intelligence Demo Day!?? ? Join us virtually on March 19th for an original event where you’ll experience back-to-back cutting-edge wildfire risk technology demos from fascinating companies like: RedZone, OvrWatch_USA, Wildfire Defense Systems, Inc. Green Shield Risk Solutions, Frontline Wildfire Defense, Wuuii, and CAPE Analytics? ? Carrier executives & risk managers get free live and on-demand access at https://lnkd.in/g67gPc5m ??

https://lnkd.in/gzb29fk4 Join top industry leaders on May 20th to explore AI integration, legacy system challenges, legal pitfalls, and the power of insurer-InsurTech collaboration - hosted by Carrier Management, Deputy Editor Elizabeth Blosfield. Overcoming Legacy Systems – Learn strategies to modernize outdated infrastructure and drive digital transformation. AI & Insurance – Discover how artificial intelligence is reshaping underwriting, claims, and customer experience. Navigating Legal & Compliance Risks – Gain insights into the evolving regulatory landscape and collaboration strategies. Expert Panelists: - Margeaux Giles, CEO, Irys - Jean Finnegan, VP of Enterprise Innovation, Nationwide - Caitlin Saenz, chief operating officer, CoverHound - Alexis Cierra Vaughn, Founder and CEO, Off Course Consulting - Harry Langdale, Global VP of Partnerships, Resilience - James M. Benham, Co-Founder and CEO, JBKnowledge - Bernadette Leh, MBA, President, Sunlight Simplify - Ryan Baillargeon, Insurance Industry Lead, Glia - John Spottiswood, Chief Operating Officer, Jerry - Marcus Daley, Technical Co-Founder of NeuralMetrics - Scott Seaman, Partner, Hinshaw - Ryan Griffin, partner, financial lines - cyber, McGill and Partners - Michael Parcelli, MS, CPCU, ARM, CRIS, PMP, LSSGB, senior vice president and client partner, MGA operations for the Americas, Xceedance - Tom Wilde, CEO, Indico Data & more! Get your FREE ticket at theinsurtechsummit.com! #InsuranceInnovation #DigitalTransformation #InsurTech

? Time is critical in wildfire risk assessment? Wildfire risk intelligence has evolved—so have the tools available to underwriters, claims teams, and risk managers. This free virtual event brings you: ?? Back-to-back demos of the latest wildfire risk technologies? ?? Insurer-specific solutions to support underwriting, claims, and loss control? ?? Actionable insights for risk selection, claims response, and mitigation ?? March 19, 2025 | Live Online? ?? Register now: https://lnkd.in/gADwFStT? ? #InsuranceCarriers #UnderwritingTechnology #ClaimsInnovation #RiskMitigation?

https://lnkd.in/g_u7acfT Cowbell’s Founder and CEO, Jack Kudale, shares his inspiring journey from growing up on a small farm to leading a cybersecurity insurance revolution, transforming risk management for small businesses. This excerpt highlights the following: -Bridging Cybersecurity & Insurance – How Cowbell is pioneering innovation on the “right of the boom” by combining cybersecurity with tailored insurance solutions. -A Founder’s Journey – Jack’s transition from engineering to insurtech leadership, driven by determination and a passion for problem-solving. -Celebrating Milestones – With Cowbell’s five-year anniversary and 30,000+ customers served, the company continues to redefine cyber risk protection. Watch the full episode of the Insuring Cyber Podcast with Elizabeth Blosfield: https://lnkd.in/g9TvYdzf #CyberInsurance #InsurTech #BusinessSecurity

Coming in at just over $6 billion for 2024 overall, State Farm’s auto underwriting results drove improvement. With auto earned premiums jumping 20 percent to $67.5 billion, auto underwriting results were still written in red ink, but the underwriting loss figure was $2.7 billion in 2024—$7 billion less than the $9.7 billion auto underwriting loss recorded in 2023. https://lnkd.in/deEWkTvB