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Ivans Index Shows Most Commercial Lines Renewal Rates Up in November

Insurance Journal

Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index.

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums. Without proper coverage, the company had to liquidate assets to cover legal fees and compensation, ultimately forcing them to shut down.

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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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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

Much of the overall underwriting gain was due to growth in personal lines net premiums written. The line is expected to achieve underwriting profitability in 2026, with continued double-digit growth in net written premiums expected in 2025. The line’s 2024 net written premium growth rate of 14.5 points better than 2023.

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

Distinguished

General liability insurance: Coverage for legal claims related to customer injuries or property damage. Liquor liability insurance: Essential for restaurants serving alcohol, this coverage protects against claims involving alleged intoxicated patrons. How Much Does Restaurant Insurance Cost in Charlotte?

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

General liability : Covers the costs of fighting litigation plus covered damages that might come from it. Employee benefits liability : This coverage protects building owners against errors or omissions in the employee benefit plans they provide. Size : Buildings with more units or exposure types will cost more to insure.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. The rising costs of building or repairing properties have a direct effect on insurance premiums.