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Louisiana Insurers Must Disclose Prior Policy Premiums Under Controversial New Law

Insurance Journal

Under a new state law, Louisiana insurers will be required to give mandatory disclosure of prior policy premium when issuing a renewal policy to a policyholder. Louisiana Insurance Commissioner Tim Temple sent an advisory letter to insurers this week notifying …

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Florida Premium Written up by a Third, Average Premiums Up by 40% Since 2022

Insurance Journal

Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quarter 2025 data …

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Air India Crash Risks Fueling Up to 30% Jump in Insurance Premiums

Insurance Journal

Indian insurance policy sellers expect the cost of coverage for airlines to spike as much as 30% after the deadliest aviation crash in more than a decade. Sajja Praveen Chowdary, director at Indian broker Policybazaar, expects premiums for hull, war-risk, …

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Understanding and Preparing for a Premium Audit

Central Insurance

Many commercial insurance policies require a premium audit at the end of the term to match your coverage with actual business activity. The post Understanding and Preparing for a Premium Audit appeared first on Central Insurance Blog. Here's what to expectand how to make the process go smoothly.

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Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

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Former California Insurance Agent Sentenced for $3.7M Fine Art Policy Scam

Insurance Journal

A former California insurance agent was sentenced to 50 months in federal prison for defrauding a lender out of $3.7 million with bogus applications for fine art insurance policies. Tonja Van Roy, 59, of Las Vegas, but who formerly operated …

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Top 10 Insurance Companies in Belgium by Premiums for Expats

Top Insurance Blogs

The insurance industry in Belgium is dominated by a few major players, who collectively control around 70–80% of gross written premiums across life and non‑life lines. If […] The post Top 10 Insurance Companies in Belgium by Premiums for Expats appeared first on My Top Insurance Blogs.