Paragon Insurance Holdings

Is it November 30th yet? (checks calendar). Nope. Another month and a half of hurricane season. Might as well dive into the Rider in the meantime.

Well, since you asked... why yes, we have, in fact, added another arrow to the burgeoning Paragon quiver. Built on decades of experience, our small commercial insurance program offers custom-tailored solutions for businesses of all shapes and sizes. The big needs of small risk? No sweat. We got you. Our dedicated underwriting machine has the expertise and service-first mindset to help navigate the complexities of today's market. Contact Sarah Sloan CIC or Juan M. for more information. While you're at it, check out the program's fresh landing page: https://lnkd.in/drQ5EY4T #insurance #commercial #risk #construction #contractors #excess #surplus #plumbing #underwriting

The real estate game just ain't what it used to be, and that has a lot to do with soaring insurance costs, which are quickly becoming a critical factor in pricing commercial deals. It's a growing headwind investors just can't ignore. Joseph Sumberg, a former Goldman Sachs managing director who now works at Galvanize Climate Solutions, told Bloomberg spiking insurance prices are a "major factor"in his effort to build out the firm's real estate division. He said he expects the fallout from climate change (everything from physical risks to regulations and tenant preferences) will be the “single most significant thing to impact” the property market in the decades to come. Still, Sumberg believes there are considerable investment opportunities in the space. "So we’re acquiring assets," he said, pointing to potential targets in New York, New Jersey, California, Maryland and Massachusetts. Read the full story for all the details: https://lnkd.in/dsUPFRW4 #insurance #climatechange #investing #innovation #realestate #property #hurricanes

Back in July, Gallagher Re warned that the insurance industry should be "prepared for the possibility of a challenging second half of the year." In retrospect, that was putting it rather mildly. As Hurricane Milton intensifies, U.S. P&C insurers, already grappling with hurricanes Helene and Francine, are really feeling heat. Shares sold off in a big way to start the week, and it's clear the 2024 hurricane season is taking a toll. “Investors are not only thinking about the short-term hit to earnings but also the long-term affect weather change and a seasonal uptick in damage will do to the business,” Running Point's Michael Ashley Schulman, CFA told Reuters. On Wall Street, Universal Insurance Holdings Inc (UVE), HCI Group, Inc. and Heritage Insurance all saw double-digit declines in Monday's trading session, while Travelers, Allstate and Assurant were under pressure, as well. Read the full story: https://lnkd.in/eP9int-R #insurance #hurricanes #earnings #wallstreet #investing #stocks #risk #revenue #reinsurance #climatechange #florida #property #casualty #storm

While the Gulf Coast is getting hammered here at home, the Continent is on fire… and underwater. Indeed, floods are washing over Central Europe with deadly intensity, while wildfires tear through Portugal. According to AXA's Pierre du Rostu, the time for idle chatter is over. "The events in Europe are a tragic reminder of why, with Climate Week NYC just completed, and COP29 within sight, it’s no longer acceptable to respond to climate change with commitments to act," he wrote in a piece published in Insurance Thought Leadership. "The last few years have furnished us with plenty of pledges and promises, agreements and assurances." Alas, not enough has changed. Now, he is urging countries, companies and individuals to all take action: Talk less and do more is the order of the day, and that goes for our industry, which is heeding the call. "A sea change is underway, propelled by the reality of the climate and other overlapping crises, the availability of state-of-the-art environmental intelligence technology, and the boldness and readiness of insurers to walk forward into the future," du Rostu wrote. "The gravity of the challenges we face as a planet notwithstanding, it’s an exciting time to be working in the insurance sector." Read his full take: https://lnkd.in/evH32gjR #insurance #climatechange #greentechnology #hurricanes #reinsurance #cop29 #risk #wildfires #flooding #insurtech #innovation #insuranceindustry #heatwave

The camaraderie was palpable as Trident Public Risk Solutions: Member Paragon Insurance Holdings team members in the Northeast and San Antonio gathered to share stories and laughter over delicious food. It was the perfect excuse to kick back and fortify those team bonds that make the dream work! The air was buzzing with joy and togetherness, a sweet reminder that juggling hard work with a sprinkle of fun is the secret sauce to success. These shindigs didn’t just recharge batteries; they turned us into a united front, proving that when it comes to smashing goals - teamwork and good vibes are just as vital as blood, sweat, and tears! #teamworkmakesthedreamwork #insurancenerds

The Sleep Out is back - and Paragon Insurance Holdings is hoping to make an even bigger impact in 2024. 4.2 million young people will face homelessness in America this year - one of the many reasons why I'm giving up my bed for a night.

In the latest episode of "Insurance Gets a Bad Rap," a survey from Free Partners LLP finds that less than a third of young folks in the U.S. and the U.K. consider our industry appealing. The main issue? Insurance ranks at the bottom among things like purpose, fun and personal growth. 👉 87% want balance and a strong career trajectory. 👉 Only 46% think insurance can deliver that. 👉 A 30% approval rating on "fun and social." Ouch. Clearly, the industry needs a serious rebrand to highlight its potential for meaningful work, collaboration and career security. But until the narrative changes, insurance is going to keep losing the battle for young talent. Take it from one of the Free Partner authors, who had a preconceived image of boring middle-aged men in suits shattered by the revelation of diversity in the workforce and a huge range of roles needing to be filled. "It has made me realize just how much the insurance industry needs to step up its marketing game. It needs to communicate its diversity and array of opportunities in a way that resonates with Gen Z," the author wrote. "We’re drawn to eye-catching, trendy content that speaks our language and makes us want to be part of something important and bigger than ourselves. Insurance is all that on the inside. On the outside, there’s work to do." Read more from Free Partners: https://lnkd.in/eDMNxaDE #insurance #genz #hiring #career #insuranceindustry #economy #college #education Also, keep an eye on our careers page and give Paragon a chance to blow up this perception: https://lnkd.in/gbthNu7N #jobs #helpwanted #workforce #risk #riskmanagment #mga #rebranding #underwriting

Weather got ya down? 🌧 🌪 Perhaps it's time to catch some rays of #insurance wisdom ☀ courtesy of this week's Rider.

Buckle up, insurers, Hurricane Helene is looking like a beast. Forecasts say the storm could cause up to $15 billion in damages, with private insured losses pegged between $3 billion and $6 billion if it hits a major area like Tampa. CoreLogic puts about 25,000 homes worth some $5.6 billion at risk, and Moody's warns 162,000 commercial properties are in its path. Also, AccuWeather says Helene might blow up to a Category 4, surpassing the damage caused by Hurricane Idalia last year ($2.2 billion in losses). Stay safe out there, everybody! Click here for an update from Insurance Journal: https://lnkd.in/gzt7ZQc9 #insurance #storms #hurricanehelene #climatechange #florida #risk #weather #hurricanes #riskmanagement #gulfcoast #tampa