Tropical Storm Imelda hit the Texas Gulf Coast on Sept. 17, 2019, as a fairly low-level tropical storm but that doesn’t mean it was an inexpensive one in terms of property damage, especially with regard to flooding. Imelda drenched Southeast …
The U.S. commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, …
Law enforcement practices and reform have been on the minds of many city government leaders in recent weeks. Some groups are advocating that police officers carry professional liability insurance. Let’s examine this concept. For this discussion, we will keep it …
While millions of people in other industries have been laid off and furloughed since anti-contagion policies and business shutdowns began in March, most property/casualty insurance professionals have been able to keep working – from home. Many insurance pros had the …
Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2019 data for property/casualty insurance …
With CAT season well underway, claims departments have ramped up and positioned themselves to be prepared for the unknown. With predictions of an active hurricane season, the continuation of a global pandemic and a tumultuous economic climate, it is imperative …
As we reach the midpoint of a trying year, it might be time to take a quick breather. From a cyber liability perspective, however, the pressure on agents will ramp up considerably in the second half of the year. Here’s …
As many states keep watch for the “next wave” of COVID-19 infections, the insurance industry is keeping watch for the “next wave” of potential claims that could be directed at independent agents. In a recent webinar by RiskGenius, E&O in …
East High Street Insurance Partners, Gates-Cole Associates Traverse City, Michigan-based High Street Insurance Partners has acquired Gates-Cole Associates in New Hartford, New York. Financial details of the transaction were not disclosed. Gates-Cole Associates is a central New York-based insurance agency …
In the past 10 years, the U.S. has seen 121 events produce damage in excess of $1 billion. Globally, this escalates with many more events around the world. From major hurricanes and floods, to annual severe weather, devastating wildfires, and …
