Every state extends insurance carriers the right to cancel a newly-written policy during the first days of the policy period. This is commonly known as the new policy “underwriting period.” Continue reading
Effective risk management always starts with insurance. Companies need to regularly review their existing insurance coverage. There are two key components to auditing your coverage; reviewing past claims and determining potential future exposures. Continue reading
The U.S. auto safety regulator has told Japanese supplier Takata Corp. and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal. Continue reading
General Motors Co. told a judge that claims in a $10 billion customer class-action over ignition flaws are “misleading” and should be dismissed.
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Insurance Journal, November, 2014
The Nevada Highway Patrol is planning a “Badge on Board” … Continue reading
Commercial property and casualty rates will continue to be soft during 2015 as other lines like commercial aviation and in some cases cyber coverage could show strength, according to a new report released Tuesday by Willis Group Holdings P.L.C. Continue reading
Auto exposures can create some of the biggest and ghastly losses facing companies whether a large corporation or small business. Business owners who wouldn’t think of allowing employees to operate dangerous machinery or their children to drive their personal auto without safety rules and policies in place allow these scenarios to happen and usually with unbelievable consequences. Continue reading
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Continue reading
