Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant requirements for assuming United Property & Casualty Insurance Co. policies before they are canceled by the Florida judicial system on …
Marinas are places where people interact with boats. Maybe that’s not earth-shattering to you but consider all that it means to operate a marina and all of the different ways that risk is present at a marina. Marinas can be …
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and will soon be liquidated. …
As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for “trauma loss.” Lines such as property, general liability, professional liability, …
Innovative technologies can be transformational for businesses, industries and our way of life, but they also represent risks. Advances in new areas of tech, such as artificial intelligence (AI), are creating unforeseen threats that insurers must grapple with or risk …
If you’ve sold a cyber liability insurance policy lately, you know how quickly the market has evolved. Policies that were once inexpensive and universally available are now high-priced and hard to find. Just a few years ago, we could get …
Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims process are not pleasing homeowners insurance customers, especially for longer-tail claims tied to catastrophes. According to the J.D. Power 2023 …
For many business owners, succession planning is a task that can often fall into the “I’ll get to it someday” category. If you’re putting off succession planning, however, you may be missing an opportunity for organic growth for your agency. …
Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges — ranging from inflation to the Ukraine war to growing losses from natural catastrophes. A wrap-up of …
One of the country’s largest cleaning services for food processing companies employed more than 100 children in dangerous jobs at 13 meatpacking plants across the country, the U.S. Department of Labor said in early March as it announced over $1.5 …
