“It’s a challenge to instill the mindset that just because you’re trying to help doesn’t mean you aren’t vulnerable to a lawsuit,” says independent agent Ben Guttman. “Many people don’t think about that, but recent cases have made many directors more awar
Thanks in part to federal infrastructure spending, the commercial surety market is booming in the U.S., which has triggered a steady flow of work for contractors and an equally satisfying demand for commercial bonds.
Artificial intelligence (AI) can guide agents and brokers to recommend policies tailored to the specific needs of small or midsize businesses, all while reforming the process for maximum efficiency.
While certain industries, such as health care, manufacturing and chemical industries, have the biggest environmental risk factors, every commercial insured has some form of a pollution exposure.
Coverage is available for most industries and countries with highlights including comprehensive coverage, excess & quota share and specialty coverages.
The wave of post-pandemic lawsuits has prompted independent insurance agents to review their errors & omissions (E&O) coverage and risk mitigation strategies.
The guidance was set to take effect on June 1 and would have required mortgagors to acquire replacement cost value coverage for their property, including roofs, deeming actual cash value unacceptable.
More than half of all 2023 cyber insurance claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), according to a Coalition report.
US Assure expanded eligibility for XPressBIND, its online six-question application with no underwriting holds, from $500,000 to $1 million for new home construction projects.
As natural disasters become more frequent and more costly, insurance carriers are experiencing an increase in the frequency and severity of environmental claims.
