If an employee drives a regularly furnished company car and the employee and family members are injured in an accident while using that car, how is that claim covered?
Most drivers believe other motorists’ driving behaviors are bad and getting worse, according to Nationwide. Yet most rate their own driving very highly, despite participating in the same risky behaviors.
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
The outlook for the U.S. property & casualty insurance industry is more favorable than 2023, with expected strong premium growth and easing inflation pressures, according to Swiss Re.
Rising economic and social inflation, supply chain constraints, catastrophic weather driving up losses, and historic cost increases for reinsurance has led to significant pressure on the property-casualty industry.
In 2021, the Great Reopening brought with it a return of the auto errors & omissions claim. Swiss Re received 183 of them last year and 2022 is on track to surpass it.
Exposure for professional liability claims involving umbrella policies can be substantial, but a few simple risk management steps can greatly reduce the chances of a professional liability claim succeeding.
The biggest trend in commercial auto insurance is “increasing claims costs,” says independent agent Larry St. John. “Courts are deciding that the primary factor in major bodily injury claims is often distracted driving and the courts now believe an insure
It’s crucial to educate commercial auto clients because “when there’s a loss,” says independent agent Sam Artino, “you’re not thinking about how much you paid, you’re thinking about how much coverage you have.”
When it comes to commercial auto insurance, independent agent Michael Graham says that agents need a unique combination of skills to help clients navigate the complicated market.