Verisk: Labor Costs Drive 4% Total Reconstruction Cost Increase
Continued wage growth across major trades reflected ongoing skilled labor shortages, capacity limitations and a demand for specialized construction services.
Commercial Lines
The True Cost of Deferred Roof Maintenance
What can begin as a relatively small issue on a roof can rapidly escalate into a costly property loss and prolonged business interruption for property owners.
After the Hard Market: Smart Moves for Commercial Lines Agents
Commercial lines markets may be stabilizing, but agents who use this period to reset and prepare will be best positioned for what’s ahead.
Property Claims Decline as Regional CAT Events Intensify
Local catastrophes caused intense regional volatility, according to Verisk, but overall lower claim volume contributed to the property & casualty industry’s strong first-quarter results.
How Parametric Insurance Can Help Your Commercial Clients
Parametric insurance has been around for many years, but with increased data granularity and availability, these special policies are now widely available to fill coverage gaps under admitted policies.
Does a Tenant Have Insurable Interest in a Leased Building?
A restaurant owner rents a building and has a tenant’s policy for contents and liability. A furnace caught fire and the owner says the tenant is responsible for the damage.
From Legacy to Expansion with Robert Strachan
On this episode of Agency Nation Radio, we meet Robert Strachan, President of Strachan Novak Insurance in Twinsburg, Ohio.
Reconstruction Costs Decelerate as Personal Lines Premium Increases Slow
While every state saw residential and commercial reconstruction costs increase, premiums for personal auto and homeowners policies show signs of deceleration.
MGT Launches Artisan Contractor BOP
The policy protects the tools, equipment and livelihood of small specialty contractors who focus on service, repair and standard installation work.
American Modern Launches Farm and Ranch Insurance Program
Coverage includes property insurance with enhancements covering farm dwellings, outbuildings, equipment, livestock, harvested crops, and more.
