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Citizens Property Insurance looks for $2.94 billion in new private risk transfer
The report, which reviewed various aspects of the carrier’s operations – including customer service, claims handling, internal audits, and information technology – found that Citizens needs to strengthen its processes to ensure policies adhere to statutory coverage limits. Source link
What You Need to Know
As a contractor in the Midwest, you know the challenges that come with the job—unpredictable weather, long winters, and the need for solid coverage to protect your business and employees. The risks can be significant whether you’re working on a commercial build or a smaller residential project. At Central Insurance, we understand these challenges and…
The Five Policies You Need to Protect Your Fleet
The transportation industry runs on reliability. The consequences can ripple far beyond a single shipment when cargo is lost, damaged, or delayed. Without proper coverage, businesses risk financial loss, reputational damage, and loss of key contracts, which can all be detrimental. This article will explore key insights from Jason McConkey, Director of Transportation Underwriting at…
Marsh promotes Adam Russell to global wholesale chief
Leadership moves support coordinated client service and global reach Source link
California approves State Farm’s 22% insurance rate hike with conditions
The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow insurers to factor in future climate risks when setting rates. However, these regulations have yet to take full effect, leaving insurers frustrated with a system that, they argue, does not allow them to charge premiums that reflect actual risk….
The Four Policies You Need
Homeowner associations (HOAs) play a crucial role in managing the 28.2 million housing units in the U.S. From maintaining shared spaces to enforcing community rules, as an officer or board member with an HOA, your responsibilities come with unique risks that require proper insurance coverage. Without the right policies, HOAs like yours could face financial…