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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. In discussing general liability, Kurtz pointed out the substantial reserve strengthening undertaken during 2024. marking a considerable 9.6-point

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Blog Post: From Boilerplate to Blueprint: The Secret Life of Standard Insurance Policy Forms

LexisNexis

ISO Form CG 00 65 04 13 (Commercial General Liability - Electronic Data Liability Coverage Form) Dive into the Insurance Services Office (ISO) form addressing an insurer’s payment of the sums an insured becomes legally obligated to pay as damages because of "loss of electronic data" to which the insurance applies.

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Blog Post: The Long Tail Bites Back: When Old Policies Haunt New Problems

LexisNexis

Occurrence or Claims-Made Policies Learn about the attributes of occurrence and claims-made insurance policies, which refer to the two basic types of triggering events found in liability policies. Discover how nothing says “legacy risk” like a 1972 occurrence clause.

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

How to Protect Your Business Get Comprehensive Insurance Ensure you have general liability insurance, professional indemnity insurance, and workers compensation if applicable. Incorporate Your Business Structure your business as a Limited Liability Company (LLC) or Corporation to protect personal assets.

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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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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Cyber liability insurance helps cover costs related to: Data breaches Ransomware attacks Notification of affected parties Legal fees and fines Why it’s critical in California : California’s strict data protection laws, like the California Consumer Privacy Act (CCPA), mean IT businesses face higher liability if customer data is compromised.

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The Insights You Need for A Strong Finish to 2024

Zywave

But beyond just the employee benefits, the workerscompensation and general liability markets are also feeling the pinch of increased medical costs. Bureau of Labor Statistics reported that the total value of medical care has jumped by over 115% since 2000.