Companies Pull Back from Property and Auto Insurance Markets
This week, Nationwide announced it is pausing writing business in certain lines of insurance, joining the list of insurers who have withdrawn from markets.
Auto
When Is the Removal of a Vehicle From a PAP Effective?
If an insured requests to remove a vehicle from their personal auto policy on the day it was sold, should the change be made effective that same day or the day after?
Consumers Cut Coverage as Economic Anxiety Grows
As economic anxiety increases and the hard market pushes insurance premiums higher, 51% of consumers said they are looking for ways to save money on their existing insurance policies.
Accident in a Company Car: When Would a PAP or PUP Need to Respond?
Would personal auto and personal umbrella policies ever respond if a named driver was named in a suit while driving a company-owned auto?
Personal Lines Rate Increases Moderate in Q1 2023
While homeowners and personal articles insurance on a composite basis were down slightly in the first quarter of 2023, auto insurance rates increased.
4 Studies That Reveal Distracted Driving Is Worse Than You Thought
Here is a collection of findings from recent studies that reveal the true extent of distracted driving in 2023.
8 Personal Auto Insurance Predictions: What’s In and What’s Out?
As the market appears to be deteriorating, find out what’s in and what’s out in personal auto insurance in the year ahead.
Perfect Storm Creates ‘Hardest Market Cycle in a Generation’
Rising economic and social inflation, supply chain constraints, catastrophic weather driving up losses, and historic cost increases for reinsurance has led to significant pressure on the property-casualty industry.
Symbols 1, 8 and 9 and Non-Owned and Hired Auto Coverage
Can a general contractor with hired auto coverage hire a dump truck company and be protected in the event that the trucking company’s insurance was invalid or denied coverage?
‘Worrying Sign’ as Homeowners Repair, Claim Times Increase but Digital Usage Declines
Severe events, inflation and supply chain-related concerns coupled with the strain on digital tools has led to increased dissatisfaction among homeowner clients.
