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The justices were guided by a 2020 decision related to an identical policy where the court found the term "physical abuse" as used in the exclusion was ambiguous.
Besting today's market challenges will require bringing in new talent, focusing more on loss control and reinforcing strict underwriting principles.
These survey results are based on responses from more than 4,100 current U.S. residents.
Businesses in Spain, Portugal and Ireland are allegedly being considered for divestment, although talks are still in early stages.
Coverages that BOPs typically provide include property insurance for buildings and contents, business interruption coverage and liability protection.
Mutual/cooperative insurers account for 42.8% of all non-life insurance in Europe.
Overall, annual shipping losses have fallen nearly 60% since 2012.
Liberty Mutual CEO David H. Long to retire, company taps Timothy M. Sweeney as successor.
J.D. Power reports a year-on-year decline in auto insurance customer satisfaction, with direct channels seeing the steepest decline.
Did COVID create "physical loss or damage" for businesses? The Maryland Court of Appeals is getting its chance to rule on the issue.