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Anticipating rising liability rates in investment property insurance
[ad_1] Urban properties in higher-crime areas present more potential for tenant or guest injuries and incidents. Older multi-family buildings with outdated infrastructure can lead to slip-and-fall accidents, fire hazards, or structural failures. Short-term rentals often have high guest turnover, less oversight, and an increased likelihood of property misuse or injury. Properties…
The new role of insurance networks: guiding agencies through change and complexity
[ad_1] “Some takeaways were that interest rates are likely to remain somewhat high, especially if tariffs are high, but that there’s a huge need for housing, especially multifamily housing,” he said. “So, networks can take back to their agencies, saying, ‘You ought to look at commercial habitation risk,’ because there’s building, there’s growth, there’s funding,…
North Dakota looking to limit utilities wildfire liability — report
[ad_1] Senate Bill 2339 would prohibit courts from holding utilities strictly liable for damages caused by wildfires. Instead, utilities could use voluntarily created wildfire mitigation plans as proof that they took reasonable steps to prevent fires. These plans would need to outline high-risk service areas, vegetation management strategies, and wildfire response procedures. [ad_2] Source link
Consumer group sues CDI over withheld consumer complaint data
[ad_1] Despite these criticisms, the CDI points to its Consumer Complaint Center where consumers can file complaints and track their status. Additionally, CDI said that the Center for Data Insights and Innovation (CDII) publishes annual reports on health care complaints made by California consumers, including those submitted to the CDI. [ad_2] Source link
As the climate shifts, flood insurance needs to become less of an afterthought – expert
[ad_1] Flood insurance is evolving, but the challenges remain steep – from educating homeowners on the true risks, to bridging gaps in coverage, to navigating the balance between private and public insurers. As the risks increase, the industry will have to adapt quickly. And for Templeton-Jones, that means one thing above all: “The education has to…
Launch Underwriters names Dennis Sparks as CEO
[ad_1] Sparks most recently held the role of executive vice president and chief underwriting officer at MS Transverse Insurance Group. His career in property and casualty insurance spans more than three decades, with previous roles including chief underwriting officer, chief actuary, chief financial officer and head of ceded reinsurance. He has worked at organizations such…