“It’s important to keep in mind that the contract wording varies from insurer to insurer,” says independent agent Bob Reynolds. “As a largely nonstandard line of coverage, the terms and conditions can vary widely.”
In a world where the top five global risks identified by the 2020 World Economic Forum are environment-related, increased exposures and liabilities are setting the market up for a complete evolution.
COVID-19 hit the special events market hard, yet there is a sense of optimism for when things return to normal. Here are three tips for agents to help clients get ready for when the lights come back on.
When considering the two elements of the special events insurance market—property-casualty and contingency—there’s been a real variance in how the market has been impacted.
As cannabis sales increase exponentially, so too have the number and type of products on the market. As the market grows, here are four things to keep in mind.
The cannabis industry saw a big change in its landscape in 2020. With a projected $35 billion in U.S. legal sales over the next four years, legislators, insurers and agents alike are taking notice.
“I don’t think we’re going to see an insurance change until it becomes federally legal,” says independent agent Sabrina Alkire. “I do think we’re going to see more property markets opening up, but I doubt that we’ll see any more general liability markets
“I’m starting to see more people buy these special event policies for even regular parties,” says independent agent Phillip Lewis. “I think consumers today have more of a mindset that they don’t want to be responsible for any exposure from an event, even
COVID-19 is shifting the current in the oldest form of insurance in the world. Here are four ways agents are serving their commercial marine clients.
The coronavirus pandemic presented the marine cargo insurance industry with significant challenges. When the distribution of the COVID-19 vaccinations commences, the market will be in the spotlight.
