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A Look Back at 2024: The Year in Insurance

Insurance Journal

Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The 2024 combined ratio losses and expenses divided by premium, …

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What is a Loss History Report?

TGS

Policy Information Details of the insurance policies under which the claims were filed. Insurance companies rely on these reports to assess risk when underwriting a new policy. The most common report is the Comprehensive Loss Underwriting Exchange (C.L.U.E.) Lets make insurance simple.

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Homeowners Insurance Underwriting Questions: What to Expect When Getting a Quote

TGS

TGS Insurance » Blog Homeowners Insurance Underwriting Questions: What to Expect When Getting a Quote So, you’re ready to take the plunge into homeowners insurance. Either way, there’s a step that often surprises people when they go to get a quote—the underwriting process. Basic Information: Who, What, Where?

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Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums

TGS

TGS Insurance » Blog Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums If you’ve recently dipped a toe into the world of smart home technology, you’re likely familiar with the benefits of convenience. Well, it all comes down to risk. Here are a few tips to keep in mind: 1.

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Understanding the Key Parties in Workers’ Compensation

AMAXX

Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. These external companies specialize in claims management, ensuring that each claim is handled efficiently.

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Housing Code Violations in NYC: An Interview with Katie Vespia

Distinguished

In New York City, housing code violations challenge property owners, tenants, and insurance brokers alike. With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. Katie is based in Rhode Island.

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Impact of Rising Interest Rates on Property Insurance

Protect Commercial Insurance

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.