NOAA’s disaster database has long been a critical resource for insurers, brokers, and risk modellers. Its abrupt removal creates blind spots as hurricane season looms, impacting property insurance pricing, risk models, and underwriting accuracy, according to brokers Insurance Business spoke to.
Vacant land is purchased for various reasons, such as long-term investment, customization for future development, potential appreciation, and minimal maintenance costs. It can also serve multiple purposes, including agriculture, storage, or recreational use, so it’s no surprise land sales rose 1.2% in 2023 and continue to rise. Insuring vacant land can present unique challenges due…
“With this reform package, we are directly addressing the cost drivers within our legal system, such as medical billing transparency, comparative fault, and general damages,” Temple said. “These are measures that we know will make a significant difference and begin to lower costs for families and businesses.” Source link
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…
Exclusively available through Amwins brokers, the program offers follow-form excess liability on a quota-share basis. It is written on A+ rated paper and structured to address growing demand for flexible, high-limit liability coverage. The offering is available nationwide and targets a wide industry spectrum. Source link
Bunch also said developments in California’s property segment are tied to wildfire exposure, confidence in new catastrophe models, and reinsurance support. Filing new programs in the state remains difficult, he added, especially when competing with a state-run plan. Source link
