In a new report from AM Best, the commercial auto insurance sector’s underwriting losses sunk to $4 billion last year, representing the worst loss in 10 years. This major [...]
Commercial Auto Insurers Suffer Biggest Losses in Decade
E&O Claims Expected to Surge Amid COVID-19
As the COVID-19 outbreak has made its way through the United States, affecting everything from jobs to socializing, those in the insurance industry are preparing for a significant increase [...]
Upcoming Trends in the EPLI Market for 2020
Employment practice claims are some of the biggest liabilities that companies are facing today. On an annual basis, more than 200,000 claims are received by the Equal Employment Opportunity [...]
The State of the Medical Malpractice Market
Since the beginning of the last decade, the medical field has seen decreasing premiums, flexible underwriting, and a major increase in capacity. This has all led medical malpractice insurance [...]
Hurricane Preparedness for 2020
Every summer, the coastline of the United States, stretching from Texas to North Carolina, has to endure harsh storms and the subsequent damage comes with hurricane season. And with [...]
The Difference Between Excess and Umbrella Insurance
Businesses across all industries should be operating with adequate liability insurance coverage. This insurance helps these businesses pay for damages, which is money that is paid out to anyone [...]
A Closer Look at Punitive Damages
Depending on what part of the country your clients live and work in, most states allow punitive damage insurance coverage. The issue of whether or not to insure punitive [...]
2020 Market Developments: Umbrella & Excess Liability
For those in the umbrella and excess liability marketplaces, a shift toward tighter underwriting measures was seen throughout 2019. The second half of the year saw greater capacity restrictions [...]
How Contractor Professional Liability Coverage Has Evolved
In the world of commercial real estate development, slow and steady will win the race in the next few years. According to development company JLL, the industry is set [...]
2020 Transportation Market Developments
It’s safe to say that the world of transportation companies has changed in recent years. Through a mix of supply and demand, technological advancements, international trade and the revamped [...]
