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Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liabilityclaims against state agencies and employees, as the state’s liabilityinsurance fund has dwindled to a fraction of the outstanding costs. The Atlanta Journal-Constitution …
Professional liabilityclaims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.
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This is why making sure executives are backed by comprehensive management liabilityinsurance is so important. As a wholesale broker, understanding the intricacies of management liabilityinsurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.
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The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a filing in U.S. District Court for the Southern District of New York, Triple-I …
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This event would not be possible without the generous support of our sponsors Steadfast Claims Services and icare. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented. The event is a not for profit one with all proceeds going to the Amal Mulia Orphanage.
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American Guarantee and LiabilityInsurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]
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Personal and Advertising Injury Insurance Coverage Learn about the insurance coverage available to a policyholder for claims alleging personal injury and advertising injury, with a focus on the Commercial General Liability Policy.
In 2025, California implemented significant changes to auto insurance minimum liability limits due to Senate Bill 1107. The current average cost of an annual car insurance quote in California for minimum required liability is $670 for minimum required liability*.
Business meeting at a conference table by Fauxels In the complex world of business operations, unforeseen events can lead to liabilities that exceed the limits of your existing insurance policies. Commercial umbrella insurance kicks in when those limits are reached, providing the extra coverage needed to handle high-cost liabilities.
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Costs can be higher for policyholders and if a surplus lines carrier goes insolvent, existing claims will not be paid by the State. Here at Wren Insurance, we work with several surplus lines carriers to meet the needs of our clients, like Tapco , Bass , RT Specialty , AmWins , Topa and Swyfft , to name just a few.
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Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards.
Myth 2: “All Commercial Insurance Policies are the Same” Variability in Coverage Contrary to popular belief, not all commercial insurance policies are created equal. Some protect against property damage, while others focus more on liability issues. Each policy is unique and can vary widely in what it covers.
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Understanding how much car insuranceclaims typically cost involves taking a look at the complicated world of car insurance, where many things can affect the numbers. Freeway Insurance is a company well known for making sure that drivers across the United States have good insurance coverage.
Here in Plano, TX, Paragon Independent Insurance Agency aims to simplify this process by breaking down essential terms you need to know to protect your business effectively. Understanding General LiabilityInsurance General liabilityinsurance is a must-have for any business.
– Is there a high level of professional liability in your operations? By recognising these risks, you root your insurance decisions in the real needs of your business. Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. How are claims processed and handled?
This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation.
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