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Even though the term "occurrence" is defined, disagreement over its meaning has led to conflicts between insurers and insureds; often resulting in litigation.
Previous estimates were largely based on claims data, but Carfax dove into service records to glean the true scope of the problem.
It's paramount for artisan contractors to protect their livelihoods, because specialized skillsets come with unique insurance needs.
Among policyholders that filed a claim in the past five years, 40% had an event where the policy did not respond as they had expected.
The IICF looks back on the industry's spirit of giving and discusses what to expect in the year to come.
Four key areas have had the largest bearing on intercompany arbitration as subrogation departments emerge from the last several years.
Some risks will continue into the new year, and others may evolve into newer versions of existing threats.
Higher costs and uncertainty could drive insurance shoppers to seek more options in 2023.
Incumbent specialty insurance carriers are at a disadvantage for the first time in years.
Hundreds of insurance professionals continued the tradition of volunteering their time to Give Kids the World.
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