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The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Unforeseen litigation costs can drive up the costs of claims unexpectedly and policyholders may feel they were not advised of their coverage adequately.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

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5 FCA permissions for advising on commercial insurance.

Protect Commercial Insurance

This covers a range of activities – for example, introducing a customer to an insurer or insurance broker, helping someone fill in an application form and sending a customer’s application to an insurer. Assisting in the administration and performance of an insurance contract. Dealing in investments as agent.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Inflation and rising costs are major drivers of increased insurance expenses for property owners. To ensure adequate coverage, property owners should stay informed about the latest trends and collaborate closely with their insurance brokers to navigate the evolving property insurance landscape.

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

Define the maximum amount that you are willing to spend additional in the case of a claim. It is important not to rely only on the words that a broker tells you, try to read all the details. If you’re unsure about any aspect of your policy, contact your insurance agent for assistance. – Declaring inaccurately.