The most recent Commercial Lines Insurance Pricing Survey (CLIPS) by Towers Watson, has shown that commercial insurance prices rose by an average of almost 1.5 percent during 2011’s second quarter, which is the first time that all standard commercial lines headed in an upward direction since 2003. The results of CLIPS align with the preliminary results that were obtained by a Towers Watson survey which will soon be released. They showed that 75 percent of CFOs feel that the standard property market prices have either hit the lowest point that…
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Thefts at little leagues cause rise in crime insurance
Little league thefts ranging from break-ins to concession stands to embezzlement schemes have led the leagues to purchase crime insurance policies for better protection. These volunteer-run organizations have been noticing similar problems for several years, which originally led Little League International to issue a letter in 2009 to try to provide local leagues with tips and ideas that could help them to protect themselves against the financial struggles that were resulting from missing funds. The suggestions included everything from improved security devices to criminal background checks on participating adults. The…
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