Browsing: insurance

The hospitality insurance market is undergoing a major shakeup, with fewer carriers willing to cover industry risks, causing skyrocketing premiums and increasingly restrictive underwriting practices.

UFG Insurance is adapting to the challenges in volatile insurance markets through diversification, advanced technology, and skilled underwriting.

The Fair Access to Insurance Requirements (FAIR) plan aims to provide property insurance to those unable to find coverage in the standard market, particularly in areas facing wildfire risk.

The US property and casualty (P/C) insurance industry saw a significant turnaround in 2024, achieving its first underwriting profit since 2020, according to a recent AM Best report. This positive shift was largely fueled by improvements in the personal lines segment.

A new survey reveals widespread worry among Canadians regarding the financial and property impacts of climate change, extreme weather, and disasters, with insurance rates and property damage as top concerns.

Don C. Angell, a senior partner at New York Life Insurance Co. in Springfield, has died at the age of 52. He was with the company for over 23 years.

Legislation in Nevada could establish a FAIR Plan to ensure property insurance availability in areas where traditional coverage is limited.

Industry representatives express worries about legislation that could impact home insurance pricing and coverage in the face of increasing wildfire risk.

A recent audit highlights the significant insurance premium reductions experienced by Louisiana homeowners who have upgraded their roofs to meet Fortified standards.

A consortium including Allianz, BlackRock, and T&D Holdings is investing in Viridium Group, a specialist in life insurance portfolios.