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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. This coverage is required in most states.

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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

points year-over-year improvement, with commercial lines continuing to outperform personal lines. Commercial lines underwriting profitability remained mostly flat. Commercial lines underwriting profitability remained mostly flat. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 represented a 2.3-points

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Investigation After Train Hits Fire Truck in South Florida, Injuring 15

Insurance Journal

Three firefighters and a dozen passengers were injured in Florida last week when a fire truck with its lights flashing drove around rail crossing arms and into the path of a high-speed passenger train after waiting for another train to …

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Why it’s critical in California : Earthquakes and wildfires are common threats, making comprehensive property insurance a must for California-based businesses. WorkersCompensation Insurance California law requires businesses with employees to have workerscompensation insurance.

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

While market capacity for property, commercial general liability, product liability and workerscompensation coverage has expanded – these policies remain more expensive than the same coverage purchased by similar companies in other industries.

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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

Kurtz , a principal and consulting actuary at Milliman, said another year of underwriting losses is likely for the commercial multi-peril line. Social inflation” refers to the impact of litigation costs on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage.