ISO has enhanced its commercial general liability (CGL) insurance program to address exposures for establishments that allow their patrons to bring and consume alcoholic beverages on their premises (commonly referred to as “bring your own alcohol establishments” or “BYO establishments”). …
Roger W. Gilbert was a big player in Southern California’s insurance market, he was active in insurance charities and other causes, and those who knew him recalled him as having a passion for organization, work and family. The Newport Beach, …
Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus …
ISO has added new classifications to its commercial property program to account for the emergence of alternative energy sources. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. In response to the growing demand for alternative …
ISO has made revisions to its businessowners (BOP) product with many coverage enhancements to the form, including: Broader Debris Removal Additional Coverage to include the removal of debris of the property of others and to increase the debris removal limit …
ISO has launched its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. The Enhanced Wind Rating Program provides a …
ISO says it has received approval of its Risk Analyzer Homeowners by-peril rating rules in 13 states and has filings pending approval in several other states. ISO would not disclose which states have cleared its filings. However, as of Aug. …
Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months 2011 from 101.2 percent for nine-months 2010, according to ISO …
Florida residents in rural areas may be having fire insurance difficulties now that insurers have begun using revised community fire ratings that rate some rural counties a high risk for fire loss. The industry’s Insurance Service Office has assigned new …
Okemos, MI August 1, 2011 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of a new, high-powered Rate and Policy Issue system designed …
