An insured backed his company’s auto into his parents’ personal trailer. Because his parents are also company members, the carrier is denying coverage based on the care, custody or control exclusion.
AM Best rating actions for p-c carriers increased in the first half of 2021 with 10 upgrades and nine downgrades in the commercial lines segment and 16 upgrades and six downgrades in the personal lines segment.
COVID-19 has affected the homeowners insurance market in numerous ways. Here are three reasons homeowners need more coverage than prior to the coronavirus pandemic.
Homebuyers can benefit from an independent agent’s advice to keep their home offers grounded in reality, particularly in this competitive market. Here are five ways agents can assist.
Buying homeowners insurance can be seen as just one more transaction to be completed before closing on a home. Agents can set themselves apart by educating clients on what they’re buying.
Significant increases in the cost of construction materials could affect a large property loss by exhausting the amounts of coverage. Here’s what agents can do about it.
As drivers take less control of vehicles, liability may shift. Whether the driver is held legally liable may depend on the decisions the driver makes to give up or take control of the vehicle.
Annie Hanna Engel. president and chief operating officer of Howard Hanna Insurance Services Inc.—the largest real estate company-owned insurance provider in the country—is pairing an independent agent with every real estate transaction.
The vacant property program targets both properties and vacant land, including residential and commercial buildings, as well as buildings under renovation.
The deal is anticipated to make Liberty Mutual the second largest independent agency carrier in the U.S., adding $2.3 billion in premium and State Auto’s network of approximately 3,400 independent agencies.
