The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and large insurers. The insurance market is shifting …
The city of Cedar Rapids, Iowa, has purchased more than 1,000 properties that were damaged during the flooding of 2008. The city said it had acquired 1,001 flood-damaged properties through the Voluntary Property Acquisition Program. After the 2008 floods, the …
Victor Hugo wrote that “Nothing is as powerful as an idea whose time has come,” a sentiment which could suitably be applied to the concept of reputational risk. It is now difficult to read any quality business publication, or browse …
North Carolina lawmakers have decided to make it more difficult for a patient harmed by an emergency room doctor to collect compensation for anything beyond medical costs and lost income. The House and Senate approved final versions of legislation that …
Sophisticated technology, less staff at stores and more gang activity are all contributing to more U.S. stores being hit by organized crime, according to a survey by an industry group. Of 129 retailers, primarily national store chains, surveyed this spring …
The insurance needs of contractors continue to become more complex as the economy works its way out of the recession. Part of that increased complexity involves a company’s environmental exposures and how it chooses to address them. What was once …
Prices for workers’ compensation insurance are inching up after decreasing and then flat-lining for the past few years, according to Towers Watson. The global professional services firm’s most recent Commercial Lines Insurance Pricing Survey (CLIPS) showed that pricing increases for …
Homeowners in western Massachusetts have filed $90 million in insurance claims for damage caused by deadly tornadoes that ravaged Springfield and several smaller communities earlier this month. The state Division of Insurance estimate is the largest in recent memory from …
Texas law permits an insurer to use race-neutral factors in credit scoring to price personal lines of insurance. That’s the conclusion of the Texas Supreme Court, which considered a certified question from the Ninth Circuit court in a class action …
Vacant Property Market Detail: Cox Specialty Markets maintains both binding authority contracts as well as numerous brokerage facilities to provide competitive prices and coverages. Available limits: As needed. Carrier: Unable to disclose, admitted. States: Ind., Mich., and Ohio. Contact: Greg …
