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Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO

Insurance Journal

economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. “The U.S.

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Smart Automation Tools for Insurance Agent Productivity: Your Guide to Working Smarter, Not Harder 

Agency Height

Agency Acquisition Brokers Insurance Legal Services Insurance Agency Loans Insurance Agency Valuation Agency Value Calculator Insurance News Stay updated with the latest insurance trends. Markets is a growing platform that lets you filter carrier appetite based on your needs.

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Villages Health System Sees $350 Million in Medicare Overcharges

Insurance Journal

A health-care system serving the largest retirement community in the US has filed for bankruptcy after disclosing it potentially overbilled Medicare by at least $350 million, according to court filings. The Villages Health System LLC, which operates clinics for retirees …

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Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

Insurance Journal

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

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Penn National Can’t Avoid Asbestos Coverage Payout, SC Supreme Court Says

Insurance Journal

Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation losses for an asbestos installation company that went out of business more than 30 years ago, the South Carolina Supreme …

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Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh

Insurance Journal

Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …

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UNDERSTANDING PROPERTY CASUALTY INSURANCE IN NJ

Boyle Agency Insurance

What Is Property Casualty Insurance? Property Casualty Insurance is insurance that combines protection for property owned by you, such as a house, or personal possessions, and liability insurance for if you ever cause an accident that injures another person or damages another person’s property.