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...
The Unique Risks of an Artisan Contractor September 18, 2023 By Patrick Wraight When you hear or read the term, “artisan contractor,” what do you think of? Don’t search it, and if you...
Benchmarks and Value September 18, 2023 By Chris Burand Many of the benchmarks readers see in this industry have never been tested for validity. No one knows if the...
Agency Partnerships: Then and Now September 18, 2023 By Andrea Wells The first agency networks and partnership groups began in the 1970s, mostly to combine books of premium to access markets...
Removing Barriers to CAT Risk Modeling Will Slow Insurer Flight From High-Risk Areas September 18, 2023 By Karen Sullivan Technology has been embraced in a variety of ways within the homeowners’ insurance market. Many aspects of the claims process...
Maui Wildfires Portend Unprecedented Shift in What It Means To Mitigate Risk September 18, 2023 By Erin Ashley The Maui wildfires portend a grand and incalculable reality for every single one of us living on this spinning blue...