As reports of confirmed Coronavirus cases increase, travel bans and mass quarantines go into effect, and citizens across the globe avoid all nonessential travel, the hotel industry is being hard hit. Without exaggeration, owners, managers, and brands that were already struggling, and even those that were not, may face existential decisions. To aid in addressing… Continue reading COVID-19 Pushes Hospitality Industry to the Edge: Key Considerations for Stakeholders
Tag: general liability insurance
Average Premium Renewal Rates Up Month-to-Month Across Most Major Commercial Lines
IVANS®, a division of Applied Systems®, today announced the February results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business experienced an increase in average premium renewal rate, except Workers’ Compensation, which maintained its negative trend. Month over month, February saw the greatest average premium… Continue reading Average Premium Renewal Rates Up Month-to-Month Across Most Major Commercial Lines
Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
IVANS®, a division of Applied Systems®, today announced the results for Q4 and year-end 2019 IVANS Index™, the insurance industry’s premium renewal rate index. Q4 results showed an increase premium renewal rate change average across Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared to Q3; however, Workers’ Compensation average premium renewal… Continue reading Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
Coastal Insurance Underwriters Acquires Cybercom International Corporation
Coastal Insurance Underwriters, Inc. (Coastal), a Ponte Vedra Beach Florida based MGU and program administrator, announced the acquisition of Cybercom International Corporation’s assets on 01/02/2020. Cybercom International Corporation, Inc. (CIC) was established in 1997 as a custom software development company in Ponte Vedra Beach, FL. During the past 23 years, Cybercom has been building high-… Continue reading Coastal Insurance Underwriters Acquires Cybercom International Corporation
Beazley Launches Life Sciences Insurance for Small Businesses
Beazley, a leading insurer of healthcare professional liability and miscellaneous medical risks, has launched an innovative life sciences proposition designed for small businesses. The Beazley BioSecure policy provides carefully crafted, flexible insurance protection against a wide range of exposures in the pharma, biotech and medical device sectors. It builds on Beazley’s knowledge and experience gained… Continue reading Beazley Launches Life Sciences Insurance for Small Businesses
Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
IVANS®, a division of Applied Systems®, today announced the October results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, October experienced an uptick in premium renewal rate change across half of… Continue reading Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
WTW and Sompo Global Risk Solutions Launch Insurance Platform for Middle Market Commercial Real Estate Firms
Willis Towers Watson, a leading global advisory, broking and solutions company, announces that it has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The Willis Towers Watson Retail, Office and Industrial (ROI) platform offers… Continue reading WTW and Sompo Global Risk Solutions Launch Insurance Platform for Middle Market Commercial Real Estate Firms
Next Insurance Launches Next for Agents
Next Insurance, the leading digital insurance company for businesses owners, today announced the launch of Next for Agents, enabling independent agents to quickly quote and sell Next Insurance policies – including general liability, professional liability and commercial auto insurance – through the company’s agent portal or through independent agent platforms. Next for Agents has been… Continue reading Next Insurance Launches Next for Agents
Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
IVANS®, a division of Applied Systems®, today announced the August results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, August experienced an uptick across nearly all of the commercial lines products, except Business Owners Policy which experienced a slight negative change. Year over year, all lines of business experienced… Continue reading Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
Travelers Customers Can Now Receive Claim Payments via PayPal®
The Travelers Companies, Inc. today announced that its Auto, Property and General Liability customers can now receive claim payments through the digital payments platform PayPal, which provides a flexible, fast and easy reimbursement experience. Travelers’ link to PayPal comes through Global Digital Disbursements, a service provided by Global Transaction Services at Bank of America Merrill… Continue reading Travelers Customers Can Now Receive Claim Payments via PayPal®