Graduating college often comes with major life transitions, including moving into a first apartment, starting a new job, or living independently for the first time. During these exciting changes, renters insurance is one of the easiest and most affordable ways to create financial protection early on. Protecting Personal Belongings Furniture,…
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P&C Market Watch: Flood Insurance Reform & Private Market Options
Flood insurance is evolving as new private market options continue to expand alongside traditional programs. As the landscape shifts, homeowners now have more choices than ever before when it comes to protecting their property from flood-related risks. Understanding how these options differ is key to making informed coverage decisions. Private…
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P&C Market Watch: Litigation Trends & Rising Claims Costs
How Increasing Legal Costs Are Impacting Insurance Coverage Across the insurance industry, rising legal costs and larger jury verdicts are significantly increasing the severity of claims. This trend, often referred to as social inflation, is impacting both personal and commercial insurance policies across the country. As claims become more expensive…
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P&C Market Watch: Surplus & Excess Lines
What Happens if Your Carrier Leaves the Market? The insurance market is constantly evolving. Occasionally, a traditional “admitted” carrier (one licensed by the state) may decide to stop writing new business or exit a specific geographic area due to increased catastrophe risk or regulatory shifts. While a “non-renewal” notice can…
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Q1 Capacity Forecast & Renewal Preparation
Navigating the January 1 Reinsurance Impact In the insurance world, January 1 is more than just a holiday; it is the most critical date on the industry calendar. This is the “Treaty Renewal” date, when primary insurance carriers negotiate their own insurance, known as Reinsurance. The rates and capacity set…
