The Facebook-owned company specified WhatsApp’ Payments ‘function is now readily offered to users throughout the nation. There are presently as much as 20 million WhatsApp payment users with help from banking partners like State Bank of India, HDFC, ICICI and Axis Bank.
Re/insurance broker Arthur J. Gallagher & Co. has announced the acquisition of San Diego-based multiline program manager and managing general agency Atlas. Founded in 2009 by Bill Trzos, Atlas offers workers compensation, commercial lines and specialty property programs nationwide, with expertise in the California workers compensation market. Mike Mathews, Charles Lasher and their associates will remain in their current location under the direction of Joel Cavaness, president of Risk Placement Services, Inc. (RPS), Gallagher’s US-based wholesale brokerage division. “Atlas is a highly-regarded program administrator that brings RPS deep market expertise, a complementary book of business and a best-in-class workers comp platform,” said J. Patrick Gallagher, Jr., Chairman, President and CEO of Gallagher. “We are delighted to welcome Mike, Charles and…
By Max Dorfman, Research Writer, Triple-I Holidays are usually events for event and household occasions . Nevertheless in this pandemic holiday we recommend you to please observe the social distancing standards and advisories in your area. Triple-I also uses these ideas to help make certain everybody is injury-free and safe this vacation. Designs According to the U.S. Consumer Product Safety Commission (CPSC), there are around 200 decorating-related injuries every day throughout the vacation, with about half consisting of falls. Throughout the 2018 holiday, 17,500 individuals were handled in emergency situation clinic due to vacation decorating-related injuries, with 6 deaths gotten in touch with holiday designs in 2019. Our Tips: Choose the suitable kind of ladder for hanging lights, making sure…
New details from MarketScout reveals that business residential or commercial residential or commercial property insurance rates increased by 9% over the 4th quarter of 2020. < img class=" alignright size-full wp-image-34642" src=" https://unitedbrokersnews.com/wp-content/uploads/2021/01/industrial-house-rates-up-9-in-q4-marketscout.jpg" alt=" business-growth" width=" 340 "srcset=" https://unitedbrokersnews.com/wp-content/uploads/2021/01/industrial-house-rates-up-9-in-q4-marketscout.jpg 360w, https://unitedbrokersnews.com/wp-content/uploads/2021/01/industrial-house-rates-up-9-in-q4-marketscout-1.jpg" sizes =" (max-width: 360px) 100vw, 360px "> Despite substantial challenges for many years, the re/insurance market continued to work successfully, MarketScout bore in mind, with the Q4 composite rate up 7.1 %, and up 6.25% in Q3. The best rate boosts by line of protection were for umbrella liability, expert lines and directors and officers liability. The only rate decreases from the 3rd to the 4th quarter were for inland marine and crime defenses. Rates also increased for all…
So far, the result of COVID-19 on employees settlement has in fact not been as fantastic as extremely first feared. The National Council on Compensation Insurance(NCCI )reported that because the 2nd quarter 2020, out of every 100,000 active employees comp claims, COVID-19 medical claims represented almost 200 , depending upon the jurisdiction. Still, the pandemic provides unpredictabilities and issues for employees payment, merely as it attends to numerous other sectors. NCCI’s yearly research study found that COVID-19 was the leading concern of employees settlement executives entering into 2021. Executives worry about unpredictability surrounding the period of the pandemic, the size and range of claims that might establish, healing time for employees sickened by COVID-19 and whether there would be long-lasting…
The Insurance Information Institute (Triple-I), an affiliate of The Institutes, has released its 2021 Insurance Fact Book, an essential resource for anyone who needs up-to-date information on insurance. This year The Insurance Fact Book has new content to address many of the past year’s events, in such areas as: insurer response to the pandemic; civil disturbances; and homeowners high-risk markets. Highlighted in the “Emerging and Evolving Insurance Issues” section are five unique insurance risks that have been impacted by the COVID-19 pandemic: business income (interruption) insurance; workers compensation; extreme weather; social inflation; and cyber. “2020 provided a good illustration not only ofhow the disruption continuum is evolving, but also how the insurance industry is able to adapt and lead,” said…
Auto insurance rates declined in 2020 for the first time in a decade, according to a recent survey by ValuePenguin.com. The survey results anticipate a 1.7 percent decline nationally. A major factor in the decline are the pandemic-related discounts granted by insurers in 2020. These discounts have been valued at $14 billion, according to Triple-I estimates. Triple-I Chief Actuary James Lynch reported that many auto insurers are building these discounts into rates for 2021 and that driving declined by as much as 50 percent during spring lockdowns. The estimate of just how much rates are declining depends on the metrics you use. The Consumer Price Index (CPI) report for December 2020 indicates that auto insurance rates declined by 4.8 percent…
