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Keep pace with today’s business world and the pivotal issues impact your commercial lines insurance clients with news and information about industry trends, best practices, emerging risks, and recovering from major losses.
This week's update includes insurance industry news from Enact Holdings, Hilb Group, Trucordia and more.
Wire fraud claims are becoming more common, with data pointing to a doubling of claims year over year.
Resolute Psychiatry: ‘Prioritizing mental health in the workplace is a moral imperative.’
After hackers stole Home Depot customers' card information, financial institutions sued over losses from reissuing physical payment cards.
SME insurance market peaked at roughly $19.18 billion last year.
Insured losses are now estimated at $30 billion.
Adjusters and agents often use the term "sudden and accidental" when deciding why a loss should or should not be covered.
Common coverage exclusions include tobacco, pharmaceuticals, cannabis and firearms.
Social inflation, insure-to-value and supply chain shortages are major issues for independent agencies to manage.
Some risks are still difficult to insure, even with increased capacity.