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This coverage is especially prudent when goods being transported are high-dollar, says the Insurance Information Institute.
Zurich denied the plaintiffs' claim because they had not suffered "physical loss or damage to" their buildings, the opinion said.
Insurers will have to reexamine how to handle claims where they must determine who is at fault — the car or the driver.
The latest P&C industry personnel news from WTW, Network of Vertafore Users, AmTrust Financial Services and more.
Landlords should first check with their insurers before renting to determine whether any loss arising from marijuana use by a tenant must be excluded.
Chubb's Hemant Sarma discusses how insurers are using technology to prevent and mitigate risk.
While lightning-related claims volume has fallen since 2017, the average cost has grown 100%, Triple-I reports.
News from Beazley, Tokio Marine Kiln, JAB Holding Company and more.
How do you insure a vehicle that drives itself? The answer for level four autonomous vehicles may lie in a split UBI policies.
A new report from RIMS explains how SMBs can create effective cybersecurity plans.