Massachusetts Insurance Commissioner denies rate increase request workers’ comp bureau

[ad_1] The USLI umbrella policy states: “If you are legally liable to pay damages for a loss to which this insurance applies, we will pay your net loss in excess of the retained limit. … We are not, however, obligated to defend any claim or suit which is covered in whole or in part by…

[ad_1] As more Baby Boomers age, adult children are increasingly welcoming their parents into multigenerational homes. While this decision brings emotional and practical benefits, it also introduces insurance complexities.  Here, we analyze the key concerns and offer advice for a seamless transition. Will Your Parents Be Covered Under Your Current Policy? Under many standard homeowners…

[ad_1] Military-aligned mission and strategic alignment highlight key priorities for new role [ad_2] Source link

[ad_1] “Driven by increased insurer competition and favorable reinsurance pricing, global commercial insurance trends continued to improve for our clients in the first quarter,” said John Donnelly, president of global placement at Marsh. “We expect the overall trend to continue, and for insurer competition to intensify, barring unforeseen changes in conditions.” [ad_2] Source link

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[ad_1] In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen…