For any assignment of benefits after a loss: 1.) You must disclose the assignment to us prior to the payment of any claim: 2.) You must comply with all of section I – Conditions, 4. Your Duties After Loss. We …
A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a significant impact on the Florida insurance …
The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the matter. “We are not in …
Amazon may be close to jumping back into insurance, at least in India, with this month’s announcement of a possible investment in an online-only insurance startup. Whether the retailing behemoth is or isn’t, however, is largely irrelevant because its influence …
Crane & Riggers – All-Lines Market Detail: As underwriting managers, the Ascinsure Specialty Risk (www.ascinsure.com) all-lines crane program is able to serve crane rental companies nationwide, with or without operators. Coverage is available to hundreds of insureds nationwide and designed …
Driving automation promises to greatly improve the safety of human mobility not only for occupants of motor vehicles but for pedestrians, cyclists and other road users. Current headlines, however, likely overestimate the speed with which this transformation will occur and …
Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by buyers with plenty of money to spend, …
Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative capital market presence in the property catastrophe space continues …
Since New Year’s resolutions have a 48-hour shelf life, many people don’t even bother with them. Here is a different approach: five ways to improve performance by focusing on results-changing behaviors. 1. Try something new. In their “Habits Across the …
As competition intensifies, agency owners have found it increasingly difficult to grow their business. Profit margins have shrunk, leaving many to turn to acquisition to sustain a high level of growth. This is known as a red ocean trap, where …
