Monthly Archives: <span>March 2017</span>

What to Know About Tiny Home Underwriting

One insurer willing to tackle the tiny home market is Foremost Insurance Co., a division of Farmers. Lauri Atkinson, head of Specialty Product Development and Recreational Casualty for Farmers Specialty, said Foremost has been dabbling in tiny homes for a …

Tiny Homes: How agents, insurers are helping to lay a foundation for a growing insurance market

Despite big media hype that has included TV shows, magazines and blogs, the tiny home market is still small. Figures on its current size are hard to come by but the tiny home movement of people looking to downsize and …

Interest in Insurtech Expected to Remain Hot in 2017

Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report by KPMG. In the coming year, most insurtech investments likely will focus on companies …

Why Bundling Policies Is Both Good and Bad for Insurers

Marketers love to bundle products for good reason. Bundling encourages consumers to buy more. However, new research suggests it’s not that simple. While bundling gets buyers to buy more, it can also make them less willing to pay more for …

My New Markets

Commercial Auto Preferred Admitted Market Detail: Search Insurance Services (www.marketsearchinsurance.com) offers coverage for: contractors, retailers, wholesalers, and manufacturers. Ineligible risks include truckers — common carrier; truckers – contract carrier — livery. Liability, uninsured motorist and physical damage available. Available limits: …

Business Moves

Arthur J. Gallagher & Co., Eagle Insurance Agency LLC Arthur J. Gallagher & Co. has acquired Eagle Insurance Agency LLC (Eagle) in Syracuse, N.Y. Terms of the transaction were not disclosed. Arthur J. Gallagher & Co. is an international insurance …

Homes in Environmental Hazard Zones

Millions of homes and condominiums are in high danger zones for environmental hazards, according to the Environmental Hazards Housing Risk Index, produced by ATTOM Data Solutions. The report showed 17.3 million single family homes and condos with a combined estimated …

The Competitive Advantage: Insurance is Losing the Battle of Public Relations

Flooding in southern Louisiana in the late summer of 2016 revealed 86 percent of flooded homes had no flood insurance. No flood insurance next door to one of our nation’s — and that state’s — largest catastrophe, which involved a …

Best Practices for Hospitality Business Interruption Recovery

Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality companies where the amount of income loss can …

Declarations

Cybersecurity Safeguards “These strong, first-in-the-nation protections will help ensure this industry has the necessary safeguards in place in order to protect themselves and the New Yorkers they serve from the serious economic harm caused by these devastating cyber-crimes.” — New …