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Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

Senate Bill 1107 , which increases minimum insurance requirements, is expected to further drive up premiums statewide. This latest change could disproportionately affect communities where insurance costs already strain household budgets. As these expenses climb, insurers pass them on to drivers through higher premiums.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Inflation drives up property valuations , construction costs , and insurance premiums.

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

Triple-I: Business Insurance

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. We forecast 2022 P&C premium growth of 8.5 for 2022, up 1.2

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Understanding Commercial Flood Insurance in the United Kingdom

Property Insurance Centre

From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

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What Does It Mean to Be a No-Fault State?

TGS

The no-fault system was designed to streamline the claims process, reduce the burden on courts, and ensure that accident victims receive compensation more quickly. Pros: Faster Claims Processing: Since you’re dealing with your own insurer, claims are often processed more quickly. Why Do No-Fault States Exist?

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

In the event of a loss, having a comprehensive home inventory can help policyholders prove the existence and value of their belongings to ensure proper compensation. Moreover, policyholders should refrain from initiating extensive repairs until insurance adjusters have assessed the damage.

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Blog Post: Workers’ Compensation Emerging Issues Analysis: The Changing Workforce and Workplace

LexisNexis

Robinson, Co-Editor-in-Chief, Workers’ Compensation Emerging Issues Analysis ( LexisNexis ) (This article is excerpted from the upcoming 2024 Edition of Workers’ Compensation Emerging Issues Analysis (LexisNexis). By Thomas A. Section numbers below refer to the text in that book. Demographic shifts are further complicating the picture.