US commercial insurance rates continue upward trajectory – report

[ad_1] The court, however, upheld the dismissal of Tarlton’s other claims, including false promise, promissory estoppel, fraud, and negligent misrepresentation. Those allegations centered on a letter from Great American stating it would pay part of the claim upon receipt of a signed release. The court concluded there was no binding promise to pay unless Tarlton…

[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…

[ad_1] David Lewis, managing director at Kroll, said that financial institutions must keep pace with evolving threats, as illicit actors continuously adapt. Brent Tomlinson, co-president of risk advisory at Kroll, adds that professionals in the sector face increasing uncertainty, requiring strategic decision-making. [ad_2] Source link

[ad_1] Trial support, carry law shifts reshape protection priorities [ad_2] Source link

[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,…

[ad_1] Running a business comes with risk—and business insurance is one of the best ways to protect everything you’ve built. But when it comes to budgeting for coverage, many owners find themselves asking the same question: How much does business insurance cost? The answer? It depends. From the size of your business to the safety…