article thumbnail

DARAG Acquires Run-Off Portfolio From wefox Insurance AG

Insurance Journal

DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability

Liability 263
article thumbnail

US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood

Insurance Journal

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

With Unrevealed Previous Injury, Later Claim Cannot be Denied, Georgia Court Says

Insurance Journal

Defending workers’ compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated for employers and insurance carriers in Georgia. The Georgia Court of Appeals last week found that a long-standing defense against …

Injury 154
article thumbnail

What is a "Surplus Lines" Insurance Carrier and Do I Need One?

Wren Insurance Agency

These "non-admitted" companies provide tailored solutions for unusual or high-risk needs, such as: For Individuals/Families: Golf carts/unique recreational Vehicles A desire for higher limits than admitted insurers are willing to provide Historical homes or homes with unique architecture For Companies/Associations: Large properties or complexes Garage (..)

article thumbnail

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. Crime scores treat all crimes as equal, thereby failing to take into account heightened general liability risk associated with certain types of crime.

Crime 52
article thumbnail

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.

article thumbnail

How You Can Get EPLI Quotes in Mere Minutes

ProWriters

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. As Heckman explains, an EPLI policy breaks down into two simple parts: First-Party Liability covers businesses from allegations from their employees, such as wrongful termination or failure to promote. Obtained more than $22.6