When temperatures plummet, even a well-built home can be vulnerable to extreme winter weather. Across much of the United States, homeowners are finding that preparedness for severe cold, heavy snow and prolonged storms is no longer optional. Winters have become...
I want to talk about cat events. No. This isn’t related to a grouping of our feline friends, rather it’s the term most insurance companies use to describe an area-wide catastrophic weather event—such as the floods that hit Tennessee, Texas, North Carolina, parts of...
Trends in the insurance industry have shown that carriers are raising rates, limiting coverages or pulling out of entire markets—often citing catastrophic losses tied to natural disasters. From wildfires in California and tornadoes in the Midwest, to hurricanes along...
The excess and surplus lines insurance market provides specialized coverage for risks that have been declined, nonrenewed or that possess unique underwriting characteristics. Also known as surplus lines or the nonadmitted market, this sector caters to risks that...
In a significant decision for Connecticut insurance professionals, the Connecticut Supreme Court has clarified the obligations of insurance brokers regarding policy nonrenewal notifications. The ruling in Deer v. National General Insurance Co., offers new guidance on a question that has long vexed producers: What, if any, duty does a broker have to notify clients when their homeowners insurance policy is not renewed?
New England’s independent agents are experts at adapting to a playing field that’s constantly changing, and the current state of the market will surely test their resolve in months to come. As 2025 dawned, rates had stabilized in most lines, even if carrier appetite...
The term hoarding can bring some horrific images to mind—mostly due to several television shows on the topic. However, being as it’s TV, and they need drama and the dramatic, what is shown on TV is often some of the worst cases. That doesn’t mean hoarding should be...
In the commercial rehabilitation services sector, effective risk management is essential to protect businesses from liability, financial losses and operational disruptions. Independent property/casualty insurance agents play a critical role to identify exposures and...
To increase transparency around flood risk and encourage climate resilience, Connecticut lawmakers have introduced S.B.1245—An Act Establishing a Resilient Connecticut Strategy. If passed, this bill would bring significant changes to how flood insurance is disclosed...
New Jersey may be on the brink of a significant update to its helmet laws with A-4887, introduced by Assemblymembers Reginald W. Atkins, D-20; Linda S. Carter, D-22; and Shanique Speight, D-29. The bill has been referred to the Assembly Transportation and Independent...