The Department of Housing and Urban Development proposal to accept private flood insurance for Federal Housing Administration insured loans continues to raise concerns, particularly around the wording of the rule.
The rapid changes that businesses were forced to undergo over the past year have opened up some opportunities for smaller businesses. But with these new opportiunities comes new risks.
The carrier says that a totaled food truck, which is two years old and has driven 22,000 miles, has depreciated over 30%. It bases the price on a “market survey.” Can the insured dispute the appraisal based on actual physical depreciation?
Compensation, work-life balance and benefits are the most frequently cited reasons for leaving the insurance industry, according to a study by Vertafore.
Today’s agency owners have many options when considering potential perpetuation partners beyond just the highest possible valuation.
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.
The life settlement industry has come a long way over the last few decades. Adding life settlements to the list of options allows agents to offer a broader range of services to clients.
A landlord asked if he could purchase a renters policy for his renters. However, he requires them to purchase insurance when they sign the lease. Is that possible?
“Don’t just provide hotel owners a quote on insurance. They aren’t risk experts,” says independent agent Mike Barnum. “Help them identify their largest exposures and what can be done to minimize them outside of insurance.”
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.
