Comprehensive guidelines specifically intended for a non-engineering audience -- property owners, contractors, and insurance adjusters -- have been developed for the assessment and repair of earthquake damage in residential wood-frame construction.
Although most agents and brokers understand that their duties and obligations to an insured are limited, and they do not generally have a duty to volunteer to an insured that the client should procure additional or different insurance coverage.
By sharing rent and overhead, businesses reduce costs and burdens. But agents and brokers can foresee that sharing space also creates new risks, which may be otherwise unknown to insureds.
The Hartford Financial Services Group Inc. has developed an approach to public-private partnerships that integrates insurance protection, loss control and claims services in a single program.
Businesses emitting greenhouse gases that cause global warming face imminent liability problems, and they should secure insurance coverage to protect themselves, a legal expert is warning.
Three independent agencies that stuck to their core missions of proactive client service and managing the cost of risk not only kept their heads above water but maintained a growing bottom line.
Asked recently to list some of the biggest factors behind rising insurance costs, Florida Insurance Commissioner Kevin McCarty named the usual suspects, including the rising price of reinsurance and the overall economic downturn.