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Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast

Insurance Journal

With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include older or unrelated damage in recent storm claims, and …

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

This brief provides an overview of how several factors, including skyrocketing costs from litigation, pose risks to coverage affordability, availability, and other potential economic outcomes for Georgia residents. Injury claim severity in the state is slightly higher than in the rest of the country.

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Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Learn more about social inflation and E&O risks and how to manage these concerns. This could lead to an E&O claim as policyholders are disappointed in claims outcomes.

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New IRC report indicates that Most Homeowners Expect to Experience Severe Weather in Future and Feel Prepared. 

Triple-I: Homeowners Insurance

While the perception of overall severe weather risks varies significantly by region, 65 percent of the participants nationwide believed their home is at risk from thunderstorms, according to the new report, Catastrophic Weather Events and Mitigation: Survey of Homeowners by the Insurance Research Council (IRC), a division of The Institutes.

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Blog Post: April Fool’s-Proof Coverage: Manage Construction Risks Through Commercial General Liability Insurance

LexisNexis

Learn how to specify the insurance to be obtained in a building contract so coverage for construction risks is maximized. Impact of Climate Change on Coverage under Builder's Risk Insurance Policies for Renewable Energy Projects Explore issues that might arise under a standard builder's risk insurance policy.

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Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time

Triple-I: Homeowners Insurance

Insurers also benefited from a relatively mild 2023 Atlantic hurricane season and a meaningful increase in investment income, posting a net profit for the first time in seven years. One factor keeping upward pressure on rates is fraud and legal system abuse. With only 15 percent of U.S.

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