Allstate will be charging Mississippi homeowners an average of 19.4 percent more for insurance, and State Farm received approval for an average 18.8 percent rate hike in Florida.
The bed and breakfast market is a potential growth area for insurers as this comfy niche of the travel industry attracts a growing number of travelers seeking unique, but budget-friendly accommodations.
Although pet insurance used to be a line of coverage that did little for pet owners and proved difficult for insurers, one company believes it has found the recipe for success in the niche—product transparency for consumers and diligent underwriting to improve carrier profitability.
Mark your calendars! NU provides highlights of some upcoming specialty market insurance events, including the Target Market Program Administrators Midyear Meeting in Boston and NAPSLO’s upcoming webinar on NRRA implications.
They aren’t saying they goofed, but the insurance broker for the American Veterinary Medical Association’s Professional Liability Insurance Trust plans to “clarify” its advice about relief veterinarians and workers' compensation insurance.