Category Archives: Insurance Market

Insurers Weighing in on Climate Change, Impact on Insurance

The third U.S. National Climate Assessment report was recently released along with an announcement by the Obama Administration of a series of executive actions to take place  “to reduce carbon pollution, prepare the country for the impacts of climate change, …

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Real Estate & Hotel Industries Calling for Terrorism Insurance Reauthorization

The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is set to expire on December 31, 2014 and Congress has yet to extend it, with on-going debates taking place in the Senate on how to proceed. The insurance industry and businesses, …

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Insuring Restaurants As Sector Sees Continued Growth Across the Country

The National Restaurant Association (NRA) recently released its forecast for the restaurant industry citing that 2014 will mark the fifth consecutive year that this niche will experience sales growth – even in our continued challenging economic landscape. In fact, industry …

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Extreme Weather Conditions Put Spotlight on Coastal Properties & Increased Exposures

Hurricane Sandy’s destruction along the Jersey Shore and the wreckage it left behind underscores the exposures properties face so close to the coast. Now many are rethinking the development that has taken place along the Shore over the last two …

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As Hotels Increase Investment in Renovations for 2013, Focus on Proper Project Management Is Key

After years of delaying capital expenditures, hotel companies are now taking the opportunity to renovate their properties. In fact in 2012, we saw more hotels renovating lobbies, restaurants, bars and fitness centers, and this trend will continue into 2013. Also, …

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Wage and Hour & Other Employment Issues Arise in the Wake of Sandy

Superstorm Sandy’s impact will be far-reaching for months and years ahead, as the hardest-hitting areas in New Jersey, New York, and Connecticut grapple with cleanup and rebuilding. What’s more, many issues have reared their heads in the wake of Sandy …

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Protecting Your Jewelry and Other Valuables Properly with the Right Insurance Policy Is Key

Have you taken a close look lately at whether the amount of insurance you have on your valuables, such as jewelry, fine art, and collectibles, is enough? Does the insurance you have properly cover everything from your engagement and wedding …

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U.S. Hotel Revenue Pegged to Rise for the Summer Based on Rate Increases

Smith Travel Research (STR), which tracks supply and demand data for the hotel industry and provides valuable market share analysis for all major international hotel chains and brands, has forecast that revenue per available room (RevPAR) will rise 5.7% …

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Industry Surveys Show Market’s Turning, Competition Heating Up for Brokers & Agents

In the last week we’ve seen indications that the commercial insurance market is indeed firming. MarketScout came out with its February 2012 findings showing the U.S. composite commercial rate index increased 2%. Workers Compensation and Commercial Property rates increased by …

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Thorough Insurance Submissions Streamline Underwriting Process, Help Sales Process

Submissions for underwriting over the years has been streamlined somewhat in our industry, depending on the industry, class of business, complexity of the risk, and the coverage line. In some cases, there’s been a shift from the agency to the …

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