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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
From a rise in home improvements to more attention being paid to dwellings, homeowners are showing positive behavioral shifts.
The bulk of the capital was raised in reinsurance markets, but insurance-linked securities could top 2020's record-setting pace.
Agents also should consider how easy and transparent the buying process is and making sure insureds' policies align with their risks.
The proposed deal, valued at approximately $23B, was driven by Chubb's hunger for small commercial, S&P Global commented.
A review of data showed health care workers and first responders accounted for a bulk of COVID-related claims.
There are around 150 million cats and dogs in the U.S., and only 3% are insured, showing room for market penetration.
A survey also showed just one in 10 people had very good cyber protection in place, highlighting a growing need for personal cyber coverage.
The proposed deal, which would largely be settled in cash, represents a 26% premium on The Hartford's average share price, Chubb stated.
While OSHA missed its deadline for updated COVID safety guidance, here are a few things employers should bear in mind.
Inadvertent data errors run the risk of damaging claims teams' ability to reduce costs and deliver exceptional customer service.