E&O Insights: Will Your Files Help or Hurt You in a Disaster? July 6, 2015 By Curtis M. Pearsall Typically, there’s not much warning when a disaster strikes. No one knows the “when,” “where” and “how severe” of the...
P/C Direct Premium Written Up Nearly 4 Percent July 6, 2015 By Douglas A. Powell Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion...
Crop Insurance Payments for Drought More Than for Flooding July 6, 2015 By Mark Weinraub Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains...
My New Markets July 6, 2015 My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Workers’...
The Age of Big Data and Agencies – Not July 6, 2015 By Chris Burand This is the age of big data. The concept is to collect all kinds of data and then use various...
How Hurricane Katrina Changed Business Preparation Planning for Disasters July 6, 2015 By Denise Johnson Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses...
Flood Insurance Claims Underpayments Not Widespread: Senate Study July 6, 2015 By Sarah N. Lynch The U.S. government’s appeals process for reviewing flood insurance claim disputes is riddled with flaws, but there is no evidence...
The New Normal in EPLI July 6, 2015 By Lisa Doherty It’s been interesting to watch the growth of employment practices liability insurance (EPLI) during more than 25 years of working...
Plugging the Hole in the U.S. Flood Market: How Risk Modelers Can Help to De-Risk the NFIP July 6, 2015 By Matthew Nielsen The National Flood Insurance Program (NFIP) has long been the dominant player in the U.S. flood insurance market, providing subsidized...
10 Things to Know About Insuring Taxis & Limos July 6, 2015 Taxi operators are required to have commercial insurance that protects passengers and third parties (i.e., pedestrians and other drivers) in...