As summer approaches, we all want to enjoy open waters and recreational boating. While sailing the seas can be a thrilling experience, it’s important to keep your California Boat Insurance up to date. What is California Boat Insurance? California Boat Insurance is a specialized type of coverage designed to protect boat owners from financial damages incurred while … Read more
According to AM Best Financial reports, between 2018 and 2023, litigation management costs for the combined Property & Casualty industry increased by 19%, amounting to an increase of $4-5 billion, or for context, bringing total litigation expenses to ~$24B of LAE. In both personal and commercial lines, carriers have experienced the adverse effects of social … Read more
By William Nibbelin, Senior Research Actuary, Triple-I Insurance is priced to reflect the underlying risk of every policy. When more claims are filed and the average amount paid of those claims increases, insurance becomes more expensive. A measure of underwriting profitability for insurance carriers is the combined ratio calculated as losses and expense divided by … Read more
global broker’s breakthrough war insurance offering | Insurance Business America Construction & Engineering global broker’s breakthrough war insurance offering “We got a little bit lucky” Construction & Engineering By Daniel Wood According to maps of the Ukraine-Russia war, about 20% of Ukraine is a war zone. Eric Andersen (pictured), president of global broker Aon, said … Read more
TDI experts answer Texans’ top auto insurance questions. What should auto insurance cost, and what’s the best kind to get? To answer a question about cost, you need to know what a policy covers first. TDI’s automotive insurance guide can help, and there’s a policy comparison tool at www.opic.texas.gov. It’s important to know what you … Read more