Commercial Lines
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which ...
Pa. Court Splits on Whether Coverage Owed for COVID Shutdown
A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was not. Policy language made all ...
How Insurers Can Win Over Small Businesses
The opportunity insurers have with the small commercial market is tremendous. According to IBISWorld in 2022, the market size for small commercials was $240.2 billion (based on revenue), having grown ...
Hazard Assessments Lag at Restaurant Companies: Marsh
Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizable number of companies have not conducted the required ...
Louisiana Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced ...
Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?
With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the company's NotPetya claims, ...
Walmart Shooting Raises Need for Violence Prevention at Work
The mass shooting last Wednesday at a Walmart in Virginia was only the latest example of workplace violence perpetrated by an employee. But while many companies provide active shooter training, ...
How Federato Solves Underwriters’ Problems—and Lowers Reinsurance Costs
Lower reinsurance costs aren't the most talked-about benefit of introducing AI and automation tools to the desks of property/casualty insurance underwriters, but with chatter about harder reinsurance ...