Entries by admin

Commercial Insurance Rates Rise in Fourth Quarter

By Gavin Souter Insurance pricing increased in most commercial lines in the fourth quarter of 2017, although rates for workers compensation continued to fall, according to insurance exchange Ivans Insurance Solutions. Read the full article here: http://www.businessinsurance.com/article/20180110/NEWS06/912318427/Commercial-auto-property-general-business-owner-insurance-rates-rise-2017-4th-qu

New Jersey Approves 5.1% WC Rate Decrease

By Joyce Famakinwa The New Jersey insurance commissioner has approved a 5.1% rate decrease for workers compensation premiums on a new and renewal basis, the Compensation Rating and Inspection Bureau said Wednesday in a letter to bureau members. This decrease is effective Jan. 1, 2018. Additionally, the maximum weekly benefit with respect to all types of […]

Republicans Move Ahead on Flood Insurance Reform

By James Osborne  Texas and Louisiana lawmakers team up in a reform effort as the program struggles to deal with its billions of dollars of debt WASHINGTON – A years-long effort to shore up the finances of the federal government’s flood insurance program is nearing a vote in the House. House Majority Whip Steve Scalise, […]

Insurance Rates Rising Sharply in 2018 North American Commercial Property

By Suzanne Barlyn  North American commercial property insurance rates could rise by as much as 25 percent during 2018 for properties that suffered catastrophe losses this year, according to a report on Monday by insurance brokerage Willis Towers Watson (WTW.N). Read More: http://www.reuters.com/article/us-insurance-rates/north-american-commercial-property-insurance-rates-seen-rising-sharply-in-2018-idUSKBN1D62G6  

Workers’ Comp Rate Decreased in Florida by 9.8%

By Amy O’ Connor  Florida Insurance Commissioner David Altmaier has ordered a statewide overall workers’ compensation rate decrease of 9.8 percent, a slightly higher decrease than the 9.6 percent decrease filed by the National Council on Compensation Insurance (NCCI) back in August. Altmaier’s order disapproving NCCI’s 2018 rate filing was issued by the Florida Office […]

Prices Increase for Commercial Insurance

The only way to be truly prepared for increasing Insurance rates & changing terms is to be proactive! If you are concerned about the potential impact of catastrophic weather events impacting the rates and terms of your upcoming renewal, please contact ACG! We always appreciate the opportunity to discuss the value of partnering with ACG’s […]

Insurance Market Outlook

The only way to be truly prepared for increasing Insurance rates & changing terms is to be proactive! If you are concerned about the potential impact of catastrophic weather events impacting the rates and terms of your upcoming renewal, please contact ACG! We always appreciate the opportunity to discuss the value of partnering with ACG’s […]

Comp rates set to continue downward trend in 2018

By Louise Esola Workers compensation insurance rates will again dip in most states in 2018 as claims frequency declines and workplace safety continues to improve, two trends experts are crediting for the double-digit rate decreases proposed and enacted over the past several weeks. Read the full article here: http://www.businessinsurance.com/article/20171011/NEWS08/912316461/Workers-compensation-rates-set-to-continue-downward-trend-in-2018

Don’t get duped by insurance scams or you’ll fall victim to Irma again

By Linda Robertson, lrobertson@miamiherald.com Hurricane season isn’t over and therefore neither is consumer scam season, which has gone into hyper mode following Irma’s destructive sweep through Florida. Homeowners are particularly vulnerable to fast-talking, document-waving con artists who promise to help with repairs, insurance claims, and FEMA payments. Read the full article here: http://www.miamiherald.com/news/weather/hurricane/article178051066.html