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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. This could cause higher rates in commercial property and homeowners lines. Tariffs can also drive up inflation in the overall economy, increasing labor costs across industries.

Agents 52
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Proactive Tips for Businesses Facing Hail Damage Claims

Risk Management Monitor

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

Damage 78
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The Pressures of Operational Optimization

Majesco

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. I hope in the next 12-18 months, carriers will start extending these programs into larger parts of their portfolios. Here is a positive trend, for example.