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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
A majority of policyholders also reported valuing the 'human touch' more than saving on their coverages.
The largest declines in the study are among customers who had worker's comp coverage or commercial auto policies, according to J.D. Power.
Executives detail how the companies complement each other and when clients can expect to reap the benefits.
The donation follows a year in which shelters had to cover unexpected costs to accommodate pandemic-related renovations.
Commercial auto has been the line most affected by social inflation, with rewards and settlements for accidents regularly surpassing $10 million.
The Mountain State is not the only one with workers' comp rates drop, as other states are seeing similar filings.
Gabapentinoids are the third-highest therapeutic group of drugs in terms of prescription payments among workers' comp claims.
The updated guidance builds on the administration's recommendations for establishing a multilayer intervention plan.
Insurance can tack 15% or more onto monthly costs for used cars, which have been growing in price recently.
Around two-fifths of consumers reported being unaware that travel insurance is mandatory in certain countries.