Paragon Insurance Holdings

The first Rider of 2025 just dropped... and it feels like a long year already.

Here’s to fresh starts and endless possibilities. Let’s make it a great year! #Hello2025

So, which stories moved the needle across the broader insurance industry this year? Well, Insurance Journal posted a round-up of the publication's most-clicked articles: https://lnkd.in/gXGTy28P Here's a summary of the top 10: 🔹 Major mergers and acquisitions: The “Big Three” brokers — Gallagher, Marsh McLennan and Aon — made waves with massive acquisitions, including Gallagher's $13.45-billion deal for AssuredPartners. 🔹 Double-digit auto rate hikes: All the top 10 U.S. auto insurers raised premiums double-digits, a critical move to combat losses/stabilize the market. 🔹 State Farm's struggles: America’s biggest home insurer faced unprecedented losses and an AM Best downgrade. 🔹 Hurricane havoc: The 2024 Atlantic hurricane season brought record-breaking insured losses, projected at $70 billion. 🔹 Layoffs and line exits: Some rather big names, like Liberty Mutual Insurance and USAA, announced layoffs, while other notables, such as American National, exited homeowners lines entirely. 🔹 Progressive Insurance's strategy shift: Progressive dropped dwelling fire insurance as part of a broader plan to shed unprofitable business lines. 🔹 Chubb, Trump and appeal bonds: Chubb issued a $91.6M bond for Donald Trump, sparking industry-wide intrigue and controversy. 🔹 AIG lawsuit drama: AIG sued startup Dellwood Insurance Group for alleged breaches, setting up a legal battle to watch in 2025. 🔹 Cross-regional trends: Stories highlighted shifts in East, Midwest, South Central and West regions, showing diverse challenges and opportunities. Chime in with your thoughts on our poll, or point out an overlooked angle in the comments. Oh, and Happy New Year to everybody. Enjoy the last of 2024. 🎉 🪩 🥳

As this turbulent year finally wraps up, we just want to take a moment to say THANK YOU! Your continued support and trust mean everything to us, and we couldn’t do what we do without you. Here’s to a holiday season full of good vibes, great memories and maybe a little extra time to kick back and relax. Wishing you all a Merry Everything 🎄 and a Happy New Year 🎆 !

Christmas comes early for those clicking the subscribe button 🎄 🙌 ...

⚠️ Warning: Reading the Paragon Rider may result in a sudden spike in productivity and a profound mastery of insurance. 🤓

Frazzled at work? You're not alone. Not by a long shot. A new Gallup report shows about four in 10 men say they feel stressed "a lot of the day," and numbers show it's even worse for women. The culprit? The never-ending balancing act of work and home. Women, especially moms, are more likely to skip promotions or consider cutting back hours due to family demands. Fixing this isn’t just good PR — it’s smart business. Companies supporting work-life balance see happier, more engaged employees. “Why do we have to choose? Why are we creating environments where people have to make a choice between being the most amazing parent, partner, friend, daughter, sister, whatever, and also thriving at work?” WOHASU ®'s Karen Guggenheim said at a recent event. “Investing in women well-being isn’t just good business — it’s a blueprint for societal progress.” Check out the full report: https://lnkd.in/g6MvjHWq #insurance #careers #women #jobs #worklife #balance #families #society #progress #hiring

Think the last pandemic was bad? The next one could cost the global economy as much as $41.7 trillion, easily dwarfing COVID-19's price tag, according to a recent report from Lloyd's and Cambridge Centre for Risk Studies. That's a worst-case scenario figure, but the best case is still poised to come at a devastating cost with industries again crumbling under lockdowns, travel bans and the kind of supply chain chaos we saw during COVID-19. “Insurance is more than a financial safeguard; it is a critical enabler of societal resilience and recovery, and... industry is well-equipped to help businesses and governments prepare for future pandemics with different complexities and variables," Lloyd's Corporate Affairs director Rebekah Clement said. Pandemics aren’t just public health crises — they’re global economic wrecking balls. Are we ready for the next one? And how can businesses better protect themselves this time around? Share your thoughts! Check out the full report: https://lnkd.in/gFsCWBy6 #insurance #pandemic #covid19 #health #economy #crisis #supplychain #riskmanagement

🚨 Cyber risks are coming in hot, and no sector is feeling the heat quite as much as manufacturing, according to a new report from Cowbell. Attack claims are hitting harder and more often, with the blame falling squarely on automation, IoT and outdated tech. But manufacturing isn’t alone. Public admin and education sectors are also in the crosshairs, facing a surge in severe attacks, thanks to budget constraints and valuable data. And let’s not forget supply chains – attacks there have skyrocketed 431% in two years. "The digital age has opened up some incredible avenues for business growth. But in the same breath, it’s also brought a complex set of cyber risks,” Cowbell founder and Chief Executive Officer Jack Kudale explained. Check out the full report for all the details: https://lnkd.in/eBeSJSTi #insurance #cybercrime #innovation #technology #hacking #risk #riskmanagment #data #supplychain #manufacturing #digital #cyberrisks #education

As anybody navigating the HR front lines could tell you, the insurance industry is in the midst of a talent reshuffle, especially in marine, energy and professional lines, according to a dive into the numbers by Insurance Insider. Intense competition and evolving market demands are driving moves, with mid-year hiring surging relative to prior years. Still, widely covered challenges remain — retirement rates are up, and the industry must attract/retain fresh talent to build future leadership. In an environment where experience and expertise are critical, staying ahead means actively cultivating new talent and ensuring current teams are supported for growth and adaptability. It's not just about filling roles — it’s about building resilience for what’s next. Check out the full story: https://lnkd.in/edSGUiVQ #insurance #hiring #jobs #risk #economy #growth #challenges #marine #casualty And visit our careers page: https://lnkd.in/gbthNu7N #helpwanted #underwriting #riskmanagment #mgas #employment #energy #experience