Similar Posts
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,…
Court dismisses negligence lawsuit against State Farm over fatal USPS truck crash
[ad_1] The case, brought by Christian and Abigail Godinez, sought to hold State Farm accountable for the June 13, 2022, crash, arguing that the insurer’s failure to report the nonrenewal of a truck insurance policy had set off a chain of events that led to the collision. The court, however, found that the plaintiffs’ theory of liability was too speculative and dismissed the…
Energy insurance market softening as capacity reaches record highs: Willis
[ad_1] The upstream market, which has seen a 5% growth in capacity, is benefiting from a quiet year for losses. This growth continues to fuel soft market conditions. Insurers are under pressure to expand their market share, which has led to reductions in rates and an increasing willingness among underwriters to take on leadership roles,…
FCCI expands E&S to include property, inland marine, and crime
[ad_1] FCCI Insurance Group operates through more than 3,800 independent agents across 20 states and Washington, D.C. Its product line includes coverage for auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers’ compensation, among others. Additionally, FCCI writes contract and commercial surety bonds in 45 states. [ad_2] Source…
Four Gift Shop Insurance Policies You Need for Your Business
[ad_1] Running a gift shop is a labor of love—whether it’s a quaint storefront in a tourist town, a family-run main street staple, or a boutique full of seasonal charm. Like any small retail operation, your gift shop faces particular risks, such as customer injuries and stolen merchandise. For the nearly 64,000 gift shops in…
Accelerated crypto regulations – what should risk managers be aware of?
[ad_1] “Further discussions and drafting of the Financial Innovation and Technology for the 21st Century Act (‘FIT21’) bill, which could provide greater regulatory clarity for digital assets, is expected,” he said. “This legislation aims to clarify standards for decentralisation, intermediary requirements and the potential evolution of future regulations, to support innovation and growth in the…