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Here's what three surplus lines professionals have to say about the future of the industry.
Kelley Blue Book estimates that 20,000 to 40,000 vehicles will be total losses.
Here are three elements that savvy agents and brokers will want to consider.
Technology is providing new opportunities to serve clients before disasters strike.
The survey sample comprised close to 700 participants from over 100 insurance companies.
2016 saw an uptick in so-called mega claims (claims of $10 million or more), which is having a large impact on the workers' compensation industry.
Obtaining more data only helps insurers if they are able to translate it into actionable intelligence.
It's a decision they may regret as Hurricane Florence takes aim at the Carolinas.
Parts-shifting and billing discrepancies are frequent methods of inflating claims.
Property owners need to better understand how to mitigate the risks of damage from flooding as well as the terms and conditions of their flood insurance coverage.