Auto Claim Severity Up 35% Over Pre-Pandemic Rates: LexisNexis Report June 5, 2023 By Jim Sams Claim severity for bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped 40%,...
Florida Courts Flooded with Claims Suits Ahead of Tort Reform Law June 5, 2023 Just as the plaintiffs’ law firm of Morgan & Morgan warned, the number of Florida lawsuits filed across the state...
Karen Clark Report Shows Just What Failed in Ian, Making it Florida’s Costliest Storm June 5, 2023 By William Rabb A granular look at the most expensive hurricane in Florida’s history, written by the catastrophe modeling firm Karen Clark &...
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market June 5, 2023 By Elizabeth Blosfield Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers...
Commercial Property Premiums Up Over 20% to Start 2023: CIAB June 5, 2023 Commercial property premiums increased more in the first quarter of 2023 than they have in more than 20 years as...
Complexities That Arise with ERPs: Part 2 June 5, 2023 By Frederick Fisher For specialty line insurance policies such as directors and officers liability, professional liability, cyber liability etc., claims made insurance policies...
Why Recruiter Retention Is a Problem for Insurance Agencies June 5, 2023 By Mary Newgard I see a lot of turnovers in human resource (HR) departments at insurance agencies. It seems like most internal recruiters...
New Trend: Cannabis Consumption Lounges May 22, 2023 By Matt Engle The cannabis industry continues to evolve, with 39 states and the District of Columbia having legalized cannabis on a medicinal...
N.J. Appeals Court Rules War Exclusion Doesn’t Apply to NotPetya Attack May 22, 2023 By Jim Sams Insurers may not use a war exclusion to deny coverage to Merck & Co. for a 2017 cyberattack blamed on...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 22, 2023 By L.S. Howard The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions received considerable criticism for the chaos and confusion they...