USI in the News
Each year, Insurance Business America (IBA)’s “5-Star DE&I Awards” recognize leading U.S.-based insurance companies for their work to foster impactful, forward-looking diversity, equity and inclusion (DE&I) programs. USI was among only 17 insurance organizations to receive this honor for 2023 in recognition of our ongoing efforts to build an increasingly diverse, equitable and inclusive culture at USI through our I’m With U DE&I program. Commenting on the award, USI’s Chief Human Resources Officer & I’m With U Executive Sponsor, Kim Van Orman, shared: “The launch of our I’m With U DE&I program in June 2020 marked a transformational journey for USI and our people. Among many things, I’m With U represents our shared commitment to building our collective understanding, skills and awareness in support of our employees, clients and local communities. I want to congratulate our employees on this outstanding achievement and thank them for their continued contributions to this inspiring program.” Learn more.
Andy Doherty, USI’s national executive & professional risk solutions practice leader, was recently interviewed by Business Insurance to discuss the latest trends in the D&O insurance market. According to the article, D&O liability insurance policyholders continued to see rate decreases during recent January 1, 2023, renewals, fueled by significant capacity increases and increased competition. Read the article.
USI’s National Property Practice Leader, Jeff Buyze, recently met with Business Insurance to discuss the rising property insurance rates and market conditions for 2023. Commenting on the current property insurance market, Buyze shared: “Capacity is the biggest challenge. When an incumbent carrier pulls back in the current line that they're providing – let's say they were providing $100 million the year before, and now they can only provide, say, $5 million or $10 million – that's where we're seeing the largest rate increases, and the most difficult renewals.” Read the article.
Key findings from USI’s 2023 Employee Benefits Market Outlook Report were recently profiled in a new PLANSPONSOR article, which highlights the various challenges employers will be contending with in 2023, including strategies employers can adopt to reduce the impact of rising healthcare costs. Read the article.
Business Insurance recently reported on the key takeaways from USI’s 2023 Commercial Property & Casualty Market Outlook Report. This year’s report once again provided timely insights on the latest market trends impacting P&C insurance buyers and reviewed upcoming challenges and opportunities for buyers in the new year. Read the article.