Risk Management Monitor

AUGUST 9, 2022

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. The reality is that large hail typically accounts for a majority of thunderstorm-related losses in North America during any given year.”.

Damage

American Agents Alliance

OCTOBER 24, 2024

By Mark Robinson In July 2024, a significant class action lawsuit was filed against the California FAIR Plan, accusing the state’s fire insurance backstop of improperly denying smoke damage claims in violation of California Insurance Code Sections 2070 and 2071.

Damage

ProWriters

SEPTEMBER 23, 2024

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. Without it, they risk incurring substantial expenses in employment-related claims. Why Do Businesses Need EPL Insurance Coverage? What Exactly Does EPL Insurance Cover? Obtained more than $22.6 million for individuals in litigation.

Out-Of-Pocket

Scott Insurance

JULY 9, 2024

Water damage, one of the leading and most costly causes of property damage in the U.S., However, many homeowners are unaware of one simple solution that can prevent damage, save them money and give them peace of mind. Often, water damage inside the home is caused by leaks in the plumbing system.

Damage

Wren Insurance Agency

OCTOBER 23, 2024

Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurance policy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. The more damage, the more likely premiums will rise at renewal.

Policy

Triple-I: Homeowners Insurance

JANUARY 13, 2025

Overall, this and other key report findings revolve around the value of proactive measures for effective preparedness and mitigation strategies to address the increasing risks posed by severe weather events and the need for collaboration between homeowners, insurers, and governments to enhance resilience against natural disasters.

Policyholder

Risk Management Monitor

AUGUST 30, 2021

Striking on the same date that Hurricane Katrina devastated the region 16 years ago, Ida caused significant wind damage, storm surge and flooding in Louisiana and Mississippi and has left 1 million homes and businesses without power, including the entire city of New Orleans. Read the Fine Print.

Risk

Scott Insurance

FEBRUARY 7, 2023

Increased Volume and Cost of Auto Claims Your personal auto insurance is designed to pay for the costs that may be incurred due to an accident (property damage/repairs, medical costs). Therefore, if the costs associated with an accident increase, insurance premiums will follow suit. appeared first on Scott Insurance.

Auto Insurance

Scott Insurance

JANUARY 31, 2024

Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the board. Increased claims and weather incidents Approximately 1 in 20 homeowner policies have a claim filed against them in any given year.

Premium

Boyle Agency Insurance

DECEMBER 31, 2024

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

Insurer

ProWriters

APRIL 3, 2024

Understanding E&O Insurance Errors and Omissions (E&O) Insurance is liability coverage protecting professionals against claims for negligence, errors, or mistakes made in the course of their work. It’s especially important for businesses and individuals in the legal, accounting, real estate, and insurance sectors.

Liability

Boyle Agency Insurance

JULY 29, 2024

Chubb Masterpiece Homeowners Insurance Bogle Agency Insurance offers top Homeowners Insurance protection with Chubb Masterpiece Homeowners Insurance to NJ homeowners. Outstanding Coverage Along With Top Service Chubb Masterpiece Homeowners Insurance provides homeowners with top insurance protection and great service.

Insurer

TGS

OCTOBER 3, 2023

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

Insurance Quotes

Boyle Agency Insurance

APRIL 27, 2024

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. These factors make filing a claim more likely, and they range from the condition of your home to your financial standing. To avoid costly claims in the future, damage should be repaired.

Premium

Distinguished

SEPTEMBER 25, 2024

Different Builder’s Risk insurance policies vary from one insurance carrier to another.  Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated.

Risk

TGS

SEPTEMBER 6, 2023

Let’s take a look at some of the most common ways that home renovations will impact your insurance policy. Unreported Renovations Can Cause a Lapse in Coverage For significant home renovations, your insurance carrier may require you to notify them about the project up to 30 days before construction starts.

Insurance Policy

Boyle Agency Insurance

MARCH 22, 2024

Outstanding Homeowners Insurance Coverage Bogle Agency Insurance offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a leading American insurance carrier and in the interest of serving our clients’ needs, we offer the best coverage.

Insurer

Property Insurance Centre

JANUARY 4, 2024

Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance industry.

Property Insurance

Scott Insurance

APRIL 21, 2020

Although your policies may limit or exclude certain coverages, some insurance carriers have policies with sublimits and carvebacks for certain expenses that may provide some relief. We have reviewed some policies that may cover loss of income, extra expenses, and/or product/environmental liabilities.

Risk

Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. Some customers can’t afford their insurance and they are decreasing the amount of insurance they have or not purchasing it all together. Here is a positive trend, for example.

Commercial Property

Paragon Independent Insurance Agencies

MAY 30, 2025

What Does Commercial Insurance Cover? Does It Cover Damage to Property? What commercial insurance covers depends on the type of commercial insurance you have. Some types of commercial insurance do cover property damage. We can assist you in initiating a claim with your commercial property insurance.

Commercial Property