03/27/2025
Precision Manufacturing Insurance growth, Social Media for the Public Sector, and More
We know you need the latest buzz in the insurance realm, and as always, we’ve got you covered! Our Precision Manufacturing insurance has seen tremendous growth nationwide with exceptional coverage for risks with tolerances as tight as their millings and our experts at Trident Public Risk highlight recent court rulings on social media usage.
Precision Manufacturing Insurance Growth
Paragon Insurance Group’s Manufacturing Insurance program is redefining industry standards with its innovative and comprehensive coverage solutions. Designed to address the complex risks faced by manufacturers, this program offers unparalleled protection tailored to meet the specific needs of your manufacturing clients. As risks evolve and the landscape becomes increasingly challenging, this program ensures your clients receive forward-thinking coverage and security they can depend on.
Don’t miss the opportunity to bring this cutting-edge solution to your manufacturing accounts before others do. Learn more and take the next steps in providing unparalleled insurance solutions. Let’s work together to protect the future of manufacturing.
Trident Public Risk Share Social Media Insights
Social media offers both opportunities and challenges for government entities, especially when it comes to First Amendment rights. Employees have the right to speak out on public issues as private citizens, but things can get tricky when personal accounts are used to represent their employer. Clear policies are key—they should outline who can speak on behalf of the organization, what topics are appropriate, and where posts should be made to avoid confusion and potential legal issues. While employers can take action if posts disrupt government operations, it’s important to strike a balance that respects employees’ constitutional rights. Clear guidelines help navigate these complexities effectively.
We’re in the Money
After four years of underwriting losses, the P&C insurance industry posted a $22.9 billion gain in 2024, according to AM Best — marking a sharp reversal from 2023’s hefty $21.3 billion loss. A 9.8% increase in net earned premiums, especially in personal lines, helped offset rising claims and expenses, pushing the combined ratio to a healthier 96.6. Even catastrophe losses held steady, offering some much-needed relief.
Embrace the “woke” label?
Gen Z’s shifting values aren’t the only thing shaking up our industry. The way we present our values — especially when it comes to diversity and inclusion — is also under the spotlight. At Zurich’s Women in Insurance Club Blue event, leaders pushed back on fears of “virtue signaling” when promoting diversity policies.
Carriers could save… $480 billion
While Elon Musk and DOGE are stealing all the headlines on the bloat and inefficiencies front these days, the insurance industry is moving at what might be described as an insurance pace when it comes to digital transformation. ACORD’s latest study found that only 25% of insurers have fully digitalized their operations, while about 10% are barely using digital tools at all.
Reel Media Revamp
Reel Media’s website launched showing off an impressive showcase of coverages across the entertainment business. More than film and TV, Reel Media’s new site highlights their expertise in sports, leisure, and contingency practices.
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