Specialty

Trends that are likely to grow or emerge for environmental or pollution insurance policies throughout the rest of 2023.

“There’s been over five consecutive years of underwriting losses in the aviation insurance market,” says independent agent Tim Bonnell Jr. “Premiums have been increasing and underwriting has been stricter.”

Specialty vehicle owners are a dream demographic. Learn why and how to appeal to them so you can strengthen your book.

Many cannabis businesses deal entirely in cash, which makes it hard to operate while under significant risk from theft.

One of the latest trends is retail consumption lounges, and agents should keep up to date with evolving regulation.

Today insurers and their clients have access to more information to assist in the underwriting and protection of their commercial marine risks.

The commercial marine market is facing headwinds from rising inflation impacting pricing and consumer spending, the effects of the Russia-Ukraine war, geopolitical concerns, and supply chain disruptions.

With the Environmental Protection Agency recently adding some variants of PFAS to its hazardous substance list, insureds have potential exposure for cleaning and reporting releases.

Environmental exposures are becoming harder to ignore and many commercial policies are excluding exposures to specific contaminants.

The policy covers tangible damages to goods while in transit from the origin warehouse to the destination warehouse by sea, air and overland transit.