Every day, eight people in the U.S. are killed in crashes reported to involve a distracted driver, according to the Centers for Disease Control and Prevention. Distracted driving is a serious problem not only for the insurance industry but for the nation.
An insured works in a former guesthouse—that has a garage for personal storage—adjacent to their home. Is the structure covered under their homeowners policy? If the agency doesn’t disclose business use, would the carrier potentially decline the claim?
Data shows 35 million U.S. homes are exposed to high natural hazard risk levels, according to CoreLogic’s 2020 Catastrophe Report. And while the report looks at severity and frequency of damage caused by seven natural perils, it points to rising flood wat
Subrogation, recovering sustained damages from a negligent party, is an often-overlooked service to secure customer retention and reduce risk. Here are three ways to help clients maximize their subrogation recoveries.
The fourth quarter of 2020 saw the composite rate for personal lines increase 6.3%, reflecting the market’s rate acceleration.
During the pandemic delivery drivers emerged as essential workers to keep the U.S. economy moving. With reliance on commercial fleets increasing, business owners are willing to invest to improve safety through telematics solutions, presenting a prime grow
Knowing how a personal umbrella policy fits into your client’s lifestyle is key to understanding why you should offer one. Here are four ways agents can help ensure clients are covered with a personal umbrella policy.
“I envision consumers will continue to realize the importance of an umbrella policy,” says independent agent Taylor Justice. “I have personally seen a large increase in young individuals wanting to protect themselves with a personal umbrella policy after
Interest rates have been declining in the U.S. for decades. Establishing a review process as well as ongoing monitoring will help ensure clients’ life insurance policies are adequately funded throughout their lifetime.
Umbrella coverage offers additional protection for those who want increased limits or to fill insurance gaps. The pandemic has accentuated certain trends leading to increased claims and a hardening of rates.
