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Now is the time for insurance agents and brokers to ensure their contractor clients have the right policies in place.
Capacity and more market entrants are keeping rates for product recall coverage competitive.
Insurance carriers have an obligation to safely dispose of policyholder data that no longer serves a legitimate business purpose.
This comes after Geico made the decision in April 2022, to suspend quoting in their call centers across several states — including California.
A new report from Lloyd's and Aon examines the long-term impacts the war will have on businesses and how they can mitigate some of the risks.
As the old saying goes, "go West, young man."
The state's supreme court ruled the association can assert direct claims against the insurer, but must arbitrate the case.
While technology can offer error-free assessments, it lacks critical thinking and intuition.
QBE's Charles Greer highlights what factors risk managers need to consider given today's rapidly changing economic environment.
Ageing equipment and lack of proper maintenance are just a few factors driving large losses in this space.