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Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

He highlighted the bifurcated nature of the market, with profitability in workers’ compensation being offset by severe issues in general liability and auto lines. He noted that while the workers’ compensation market remains competitive, general liability, auto, and excess lines are increasingly difficult to place.

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What is Subrogation and How Does it Work?

Bankers Insurance

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss.

Insiders

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Addressing the Discrepancy To address the discrepancy between outdated property valuations and current market conditions, insurance carriers are implementing measures to ensure that property values are assessed accurately. Social inflation and rising claim costs are top concerns for liability insurers.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Insurance carriers often offer access to risk management tools, training programs, and support lines to help companies prevent and effectively manage employment-related issues. Having an EPLI policy helps alleviate these financial burdens and allows businesses to focus on their operations rather than on legal troubles.