A few years ago, it was nothing special for a single-pilot commercial aircraft to find an insurer willing to offer $50-100 million in liability limits. Today, it’s hard for the same pilot to find $25-million limits.
The average wedding costs upwards of $20,000. Here are five ways to make sure your soon-to-be-married clients receive comprehensive coverage for their big day.
Typical homeowners insurance policies often include jewelry limits up to about $1,500, but wedding bands are usually worth much more than that. To bridge the gap, Travelers has expanded its Wedding Protector Plan® to include coverage for fine jewelry.
After a particularly devastating set of blows for an insurance market that hasn’t turned a profit in over a decade, your average aviation insured should brace for a 10-30% rate increase this year.
Independent agent Thomas Coughlin cautions that trends like increasing air commerce and drone usage could pose challenges for the aviation insurance market in the years ahead.
Between large-scale vessel losses, back-to-back years of heavy catastrophes and an overabundance of capacity, the commercial marine insurance market has had a tough couple of years.
Due to a recent string of high-profile losses, an overabundance of capital and a lack of underwriting discipline, as well as the increasing frequency and severity of natural catastrophes, commercial marine is currently an unforgiving place to do business.
Pricier technology on boats, fewer younger buyers and stagnant rates lead independent agent and marine insurance specialist Brain DeSousa to believe that “the marine insurance marketplace is probably less profitable today than ever.”
Beazley’s newest environmental liability product provides lender coverage to protect against environmental issues at a borrower’s real estate on single loans.
With a broad appetite for commercial storage tanks of varying age and construction, Ironshore helps fulfill a market need by offering a solution for harder-to-place tanks.