At the forefront of this re-evaluation is the household exclusion, which a court found violated state law.
Although private flood insurance has grown in recent years, it remains less than 1% of direct premiums written, Fitch Ratings reported.
GlobalData predicts premium rates in Australia will continue to rise, leading to underinsurance and non-renewal of policies as customers struggle to afford their coverage.
Sponsored by Glia
Download this white paper and learn how a digital first approach can help agents sell more and increase their annual premium, resulting in a winning strategy to supercharge your agent network.
Sponsored by Price Digests
Are you understating premiums on commercial trucks? “Complete” vs. “incomplete” is a significant distinction for commercial trucks and causes premium leakage when agents and underwriters rely on decoding the VIN to estimate the Original Cost New (OCN). Download this guide to learn how to reduce exposure and mitigate costly premium leakage.
Sponsored by Arturo
This hurricane exposure report analyzes 17,398,366 single-family residences across Texas, Louisiana, Mississippi, Alabama, Florida, Georgia and South Carolina and gleans the state of property across the Gulf Coast in advance of hurricane season. Download it now to learn how you can assess and mitigate current and future hurricane risk.
Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!
- Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
- Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
- Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events
Copyright © 2022 ALM Global, LLC. All Rights Reserved.