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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

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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

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General liability : Covers the costs of fighting litigation plus covered damages that might come from it. TIV (total insurable value): Higher replacement costs for the building and covered property directly increase the premium. Human underwriting : Our underwriters assess your risks through discussion, not just algorithms.

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How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Thus, affordable housing providers are highly likely to experience a loss of coverage or relatively high insurance premiums.

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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. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

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Builder’s Risk Insurance in Alabama: A Broker’s Guide 

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Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites.  For instance, employees injured on the job should be covered by their Contractor’s General Liability policy.   Our Builder’s Risk program does not cover some specific risks.

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Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation

Triple-I: Workers Compensation

Group captives recruit safety-conscious companies with better-than-average loss experience, with each member’s premium based on its own most recent five-year loss history. Each owner makes a modest initial capital contribution,” states the paper, Group Captives: An Opportunity to Lower Cost of Risk.