Monthly Archives: <span>March 2021</span>

My New Markets

Couriers Market Detail: Risk Strategies’ (www.risk-strategies.com) Transportation Group offers complete packages for courier, logistics, and all types of express delivery firms. Coverages include specialized industry-specific enhancements and can be further tailored to the needs of each insured, include: Umbrella – …

Many States Lack Flood Risk Disclosure Laws for Homebuyers

Homebuyers in nearly half of the states including hurricane-prone Florida can be left in the dark about the flood risks to their new house. The Natural Resources Defense Council (NRDC) has released an updated scorecard that shows which states have …

Logic & Language and Forms & Facts: Preventing Coverage Gaps

This column began in 2019 when I wrote a year-long series of articles based on my book “When Words Collide: Resolving Insurance Coverage and Claims Disputes.” In the April 2019 issue, I wrote about seven factors that enable insurance professionals …

How Home Improvement Projects Impact Homeowners Policies

Over the past year, the COVID-19 pandemic had us spending more time inside our homes than normal. Staring at the same four walls served as an impetus for many homeowners to take it upon themselves to make upgrades. Additionally, discretionary …

Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses

If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times to cover the risk …

Declarations

Wildfire Help “People who’ve been affected by a disaster are dealing with trauma. They’re trying to pull the documents together, and just hearing ‘no’ from one entity or another can shut things down. They don’t know how to navigate the …

Collision Course Body Shops Under Insurance Pressure

Waseem Tarabishi insists that employees at his San Diego-area collision repair shop take the online classes they need to maintain their technical certifications while on the clock so he can make sure they are paying attention. After buying CollisionTech in …

3 Ways Insurtech Can Help Agents Thrive in 2021 and Beyond

What if the COVID-19 pandemic had struck in 1980 instead of 2020? Without widespread internet connectivity, cloud software and video conferencing, the insurance industry may have been up a creek without a paddle (and dressed in a neon tracksuit). Instead, …

Business Moves

National Arch, Coalition Arch Insurance North America and Coalition have formed a multi-year partnership to provide Coalition with long-term capacity for its U.S. and Canada Cyber and Technology Errors & Omissions insurance programs. The capacity will be available through Arch …

Back in Business: Insurance Pros Ready to Aid Small Business Recovery

It’s been a tough road for small businesses, with a vast majority reporting they lost revenue during the past year because of the coronavirus pandemic. Of the nearly 10,000 small businesses surveyed by the Federal Reserve in September and October …