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A group of more than 40 Republican members of the House of Representatives are urging swift, long-term reauthorization of the federal government’s terrorism insurance backstop program. Continue reading
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
With 2015 right around the corner, employers and their brokers are assessing how the Affordable Care Act (ACA) employer mandate impacts their healthcare offerings, and their bottom line. Under this provision, some U.S. employers will pay a fee for not offering health insurance. Is your business ready for the employer mandate? 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
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Continue reading
The surplus line industry is stable, but profit margins may shrink in the near term as average rate increases diminish on various lines of coverage, says A.M. Best Co. Inc. in a report. Continue reading
By: Don Jergler (Insurance Journal) July 2014
A decision by California Insurance Commissioner Dave … Continue reading
