Trucking Proud Insurance Agency launches through CTA partnership

Trucking Proud Insurance Agency - Image of Truck

The business is a partnership among the California Trucking Association, Gamie and C3 Risk and Insurance. The California Trucking Association (C.T.A.) has launched the Trucking Proud Insurance Agency (T.P.I.A.) through a partnership with C3 Risk and Insurance, and Gamie, LLC. The purpose of the new T.P.I.A.is to offer a spectrum of coverage products to U.S. trucking companies. The Trucking Proud Insurance Agency offers a range of different coverage products. Trucking companies from across the country can use the agency to shop for everything from auto liability to workers compensation and…

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What you need to know about Berkshire insurance investing struggles

Berkshire Insurance - Analysis - Woman with glasses

Warren Buffett is known for outstanding outcomes in this industry but current figures are sour. In the investing world, Berkshire insurance decisions have often been seen as the gold standard in terms of solid and reliable choices. However, the company’s operating earnings fell in Q2 2019, shocking many investors. Insurers owned by Berkshire saw a substantial plummet in underwriting income in that quarter. Berkshire insurance underwriting income fell by almost 63 percent during the second quarter. This brought it to $353 million. The firm’s reinsurance unit also drooped to a…

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Despite huge cyber insurance market growth, it remains a tiny industry fragment

Cyber Insurance Market - Cyber Security

Businesses are catching on to the critical nature of this coverage, but there is a long way to go. The cyber insurance market represents a relatively new environment which comes with a high risk level. This requires insurance companies to use a cautious and meticulous strategy supported by reinsurance, according to a Moody’s Investors Service report. While the market growth is taking off, it still represents only a small fraction of the industry’s revenue. The cyber insurance market experienced a 26 percent cumulative annual growth rate in direct premiums since…

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California homeowners insurance policies are becoming fewer and farther between

California Homeowners Insurance Policies - House Fire - Fire fighters

As the state prepares for another dangerous wildfire season, coverage is in the spotlight. California homeowners insurance policies are becoming a serious subject at the moment. With the approach of the wildfire season, a growing number of property owners are losing their coverage. That said, the issue of spiking premiums and reduced availability isn’t anything new. A recent New York Times report looked at the issue of California homeowners insurance policies. It examined the way the state has been trying to manage these challenges for a long time. It pointed…

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Landscape insurance covers homeowners with valuable gardens and trees

Landscape insurance - Home and Garden

Some homeowners have adequate coverage with their standard policies but others need more. Summer is here and with it are the season’s severe storms and other potential risks that make homeowners look into landscape insurance. Summer comes with a full range of highly destructive perils that can harm expensive landscaping. Summer storms can be far more severe than spring rains. Hot temperatures can bring wild winds, downpours of rain, lightning strikes and damaging hail. If you have a good homeowners insurance policy, you’ll have the coverage you need to cover…

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Michigan motorcycle insurance reform leaves riders concerned over new vulnerabilities

Michigan motorcycle insurance - Man on motorcycle

A new state law designed to get auto insurance rates under control could risk biker coverage. Motorcyclists are feeling nervous about potential upcoming changes to Michigan motorcycle insurance coverage. The state has been making some serious moves to reduce its auto insurance rates after having been the most expensive in the country for many years. The new law will allow motorists to purchase limited personal injury protection benefits. The new state auto insurance law was signed by Democratic Governor Gretchen Whitmer after having been pushed by the Republican-led state legislature.…

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Hotel owner in Las Vegas Strip mass shooting sues its insurance company

Las Vegas Strip Mass Shooting - Image of Las Vegas Strip

MGM Resorts International is faced with extensive damage claims from over 4,000 people. As MGM Resorts International copes with damage claims from more than 4,000 people due to the Las Vegas Strip mass shooting, its owner has sued its insurance company. The owner claims that its insurer has not paid the legal costs as promised. Thousands of lawsuits seek damages after a terrifying and heartbreaking shooting that left 58 people dead. MGM Resorts alleges that its insurance company has breached its contract regarding payments for the legal costs relating to…

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