Distinguished

OCTOBER 9, 2024

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan. Berkley Corporation.

Crime

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

Insurance Broker

Scott Insurance

NOVEMBER 9, 2021

One of these unseen costs that is significantly impacting the successful operation of affordable housing organizations is insurance. This recently published paper provides insights and analysis surrounding the use of crime scores by insurance companies in predictive modeling and how this practice has led to premium increases and/or significant (..)

Crime

Freeway Insurance

OCTOBER 26, 2023

Insurance companies take into account things like traffic, crime, frequency of accidents and even the weather. So if you live in a city with a lot of traffic or in an area with more crime, your insurance may cost more than if you live in a quieter, safer place.

Crime

TGS

OCTOBER 3, 2024

Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurance company will charge to protect you. These features reduce the risk of significant damage or theft, meaning less risk for the insurance company.

Premium

TGS

NOVEMBER 27, 2024

Let’s dive into some budget-friendly safety upgrades that can help you save money while giving your home insurance provider fewer reasons to worry. Why Home Safety Affects Insurance Premiums Insurance companies calculate premiums based on risk. Simply put, the safer your home, the lower the chance you’ll file a claim.

Premium

TGS

OCTOBER 25, 2024

Insurance companies take this aging process into account when assessing risk, and as your home’s structure and systems age, the likelihood of a claim increases. What You Can Do: One way to counteract the higher costs of insuring an aging home is to invest in upgrades that can reduce the risk of claims.

Home Insurance

Scott Insurance

SEPTEMBER 27, 2022

The FBI puts out a report ever year called the IC3 Cyber Crime Report. – Corey Ross When you apply for insurance, the insurance company is going to give you a multi-page list of things that you have to have in order to get insurance. It has to be looked at and tested by the insurance company.

Cyber

Protect Commercial Insurance

NOVEMBER 8, 2024

Implement Risk Management Practices One effective way to secure discounts on your business insurance is by demonstrating that your operation is low risk. Insurance companies are keen on minimising their risk exposure, so if you can prove that your business is less likely to face a claim, chances are you could benefit from reduced premiums.

Commercial Insurance

Risk Management Monitor

DECEMBER 20, 2022

Workers compensation insurance provider fraud has become a multi-billion-dollar industry that is bad for business. It is costly for insurance companies to identify and prosecute, it inflates costs for goods and services that honest business owners rely on, and it stokes consumer apathy and distrust in the insurance system.

Workers Comp

Majesco

DECEMBER 5, 2024

Table 2: Reported changes in P&C insurance costs by Gen Z & Millennial customers Among those who had increased costs, inflation was far and away the most cited reason across all coverage types as seen in Figure 1. The chart highlights the different areas that consumers attribute to increased insurance costs.

Auto Insurance

LexisNexis

OCTOBER 15, 2024

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recently issued a nationwide reporting rule effective December 1, 2025.

Crime

Bankers Insurance

JULY 8, 2024

In most cases, the deductible requires the insured to pay about 10 percent of any loss. Most insurance companies offer comprehensive policies for international employers in which K&R is only part of the package. Additionally, the U.S.

Insurance

LexisNexis

OCTOBER 10, 2024

If the PEO’s insurance company is paying benefits, there is no need to join the servicing agent or special employer. If a PEO or employee leasing company claims to be self-insured, investigate that claim. An Uber driver is waiting for a rideshare customer and is pulled over to the curb in a high crime area.

Workers Compensation