Insurance Carriers Are Pulling Out of CA, But Why?

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The auto insurance market in California is in distress. Over the last year, several large insurance companies, such as GEICO, Allstate, and most surprisingly, Liberty Mutual have pulled out of California’s auto insurance market.

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Topics: Auto Coverage

Be Aware of Possible Claim Resolution Complications


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Resolving claims is a critical part of claims handling. Understanding any potential claim resolution complications can assist in closing claims quickly and containing costs.

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Topics: Claims

The Different Roles in a Property & Casualty Loss


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Facing a large property loss, like a building or auto loss/damage due to fire, weather, or flooding can be daunting for an insured. Understanding the roles of the involved parties can help the claims settlement process run more smoothly.

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Topics: Claims, Construction Insurance

Good Faith Efforts - Are You in Compliance?


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No matter if you are an Owner, an Agency, or a General Contractor, it’s important that your construction team understands the projects’ diverse business (DB) goals and the good faith obligations if they aren’t met.

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Topics: Good Faith Efforts, MWBE

4 Steps to Minimize your Company’s Auto Risk


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Even though the economy and driving activity has gradually increased to pre-pandemic norms, we are unfortunately still seeing significantly high commercial auto insurance premiums. To reduce the insurance carriers, claim exposure and expenses, they are continually increasing rates, implementing strict underwriting guidelines, and transferring additional responsibilities & cost to policyholders. Despite these challenges, here are 4 steps you can take to ensure safety and minimize risk.

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Topics: Construction Commercial Insurance, Auto Coverage

Cyber Threat: Billions of Compromised Records


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Earlier this week on Monday January 22nd, news outlets began reporting on a major data leak that has potentially compromised 26 billion records. The allegedly compromised information came from numerous companies, including LinkedIn, X (formerly Twitter), Dropbox, Adobe, Canva, Tencent, and Weibo.

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Topics: Cyber

Claims Update: NotPetya Cyber Attack Settled


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Merck and its insurance companies have settled their lawsuit involving a 2017 cyber attack. The litigation involved a dispute about whether a war exclusion applied to a NotPetya cyber attack.  

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Topics: Claims, Cyber, Construction Trends

4 Essential Items Needed to Enroll in a Wrap-Up


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First time enrolling in a Wrap-Up insurance program? Here are 4 items you should have available to expedite the enrollment process with any Wrap Administrator.

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Topics: Wrap-Ups, Wrap-Up Administration

2024 Insurance Industry Expectations


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As we prepare ourselves for the upcoming new year, it is important to look ahead to potential opportunities in the Insurance Industry. Insurance Journal recently revealed their Industry Trends to Exploit for 2024.  

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Topics: Reinsurance, Employee Benefits