Independent agent Richard Miller predicts that the surety bonds market will remain strong in the long term. “The future of surety is endless,” he says. “As long as there are jobs to be done, financial guarantees are required, and bonds are uniquely suited
The interconnectedness of the global economy means an increasing number of businesses have international exposures.
A tornado destroys an insured’s shed and its contents, including a $3,000 windmill head. The insured submits a claim but the insurer denies coverage because the property not covered section of the policy contains an exclusion for “windmills.”
An insured has a business owners policy that includes coverage for loss of business income. However, flood is not a covered peril under the BOP and it isn’t possible to add the coverage as an endorsement to the NFIP policy.
As more and more businesses rely on mechanical and electrical equipment—and system interdependency and complexity increases—equipment breakdown insurance is a must-have coverage for today’s commercial client.
Hotels and motels have enjoyed stable insurance rates for several years, but thanks to heavy catastrophes and mounting litigation, the tides are starting to turn. Here are five emerging trends to discuss with your hotel/motel clients.
Beazley recently made significant enhancements to its market-leading environmental liability insurance policy ECLIPSE to offer robust and creative risk transfer solutions for businesses, landowners and real estate investors.
When an insured’s roof sustains hail damage, the insured’s current and previous insurer deny the claim. Both carriers indicate that the damage occurred while the other insured the building.
If your agency is looking to get a piece of the excess & surplus lines pie, here are three strategies to keep in mind to maximize your potential for success.
This spring, MGM Resorts informed federal regulators it might pay up to $800 million in liability lawsuit settlements stemming from the 2017 mass shooting in Las Vegas—$751 million of which would be covered by insurance.
