Agents, Regulators Remind Insurers to Take Care of Insureds as Idalia Claims Start Coming in September 18, 2023 The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast,...
Kansas’ MutualAid eXchange Declared Insolvent, Placed into Liquidation September 18, 2023 By Ezra Amacher The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into...
Michigan Natural Foods Company to Pay $182K Over Sex Discrimination Suit September 18, 2023 Eden Foods, Inc, a natural foods company based in Clinton, Michigan, will pay more than $182,500 to settle a sex...
Challenging Market, Elevated Claims, but Reinsurers’ Profits Return: Reports September 18, 2023 By L.S. Howard Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022,...
Wear and Tear Exclusions Worn and Torn September 18, 2023 By Bill Wilson For whatever reason, recently I’ve had a slew of questions involving wear and tear exclusions. Perhaps that’s a product of...
Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times September 4, 2023 By Andrea Wells As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices...
Private Flood Insurers See Opportunity as NFIP Increases Rates September 4, 2023 While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the...
Veteran Insurance Pros Offer Strategies for Navigating a Hard Market September 4, 2023 By Jahna Jacobson Everyone in the insurance industry knows that 2023 has become one of the hardest markets in decades, across the board....
Claims Pros Warned About Confirmation Bias and Inflated Line Items September 4, 2023 By Jim Sams The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire...
What’s The Best Recruiting Tool to Find Insurance Talent? The Answer Might Surprise You. September 4, 2023 By Mary Newgard The #1, MOST IMPORTANT recruiting tool is one most insurance agencies and carriers don’t use to its fullest potential is...