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Rewriting the risk map | Insurance Business America
[ad_1] A key part of the underwriting process—and a major factor in determining property eligibility and pricing—is a community’s ISO Public Protection Class (PPC). The PPC program, developed by ISO, evaluates a community’s fire protection capabilities, including emergency communications, fire department readiness, water supply, and community risk reduction efforts. [ad_2] Source link
Everest Group taps Laura Hay as independent director
[ad_1] Latest director served at KPMG for 30 years [ad_2] Source link
July catastrophes cost Allstate $184m
[ad_1] NOAA forecasts up to five major hurricanes by November [ad_2] Source link
In the eye of the storm: How insurers can manage SCS risk
[ad_1] Carriers should continually adjust their strategies across underwriting, pricing, and claims to stay ahead [ad_2] Source link
Virginia tightens surplus lines insurance broker rules, offers relief for public transit insurers
[ad_1] Industry now faces tougher reporting and faces criminal sanctions [ad_2] Source link
55 insurance terms you should know about
[ad_1] All-risk Also referred to as open perils, all-risk coverage insures against all types of losses, except for those that are specifically excluded from the policy. This applies to several property and casualty (P&C) categories, including homeowners, auto, and commercial insurance. [ad_2] Source link