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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Review and Update Your Business Insurance Coverage Expanding to a new location changes your businesss risk exposure. Your current insurance policies may not automatically extend to the new site, and additional coverage may be required. Workers Compensation Insurance to cover employee injuries on the job.

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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

Noteworthy 2024 performance indicators: The disparity in profitability between personal and commercial lines diminished, with both segments achieving an NCR below 100 for the year. Personal auto insurers reported a 2024 NCR of 95.3, marking a considerable 9.6-point point year-over-year improvement. percent in 2023 and 12.8

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

Kurtz – a principal and consulting actuary at Milliman – elaborated on profitability concerns within commercial lines. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 Commercial auto expectations are worsening and continue to remain unprofitable through at least 2026,” he said.