Tag: risk management

CSU Predicts Intense 2024 Hurricane Season: Impact on Florida Insurance

G. Turner
2024 Hurricane Season - CSU hurricane prediction - Florida

In a recent release by Colorado State University, the upcoming Atlantic hurricane season is projected to be exceptionally aggressive. Experts are forecasting 23 named storms, setting it significantly above the 30-year average of 14.4, and foreseeing five major hurricanes, surpassing the average of 3.2. Season Start and Its Implications The hurricane season, beginning on June 1, aligns precisely with the reinsurance renewals period in Florida, casting uncertainty over the potential ramifications on reinsurance rates in the region. This timing has sparked an industry-wide discussion on how the forecast could shape…

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Lloyd’s of London Braces for Historic Loss After Baltimore Bridge Disaster

Marc
Francis Scott Key Bridge Crash 2024

The insurance industry, led by Lloyd’s of London, faces a potential record-breaking payout in the wake of the catastrophic Baltimore bridge collapse—a sobering reminder of the immense risks inherent in marine transport and infrastructure. A Behemoth of Insurance History for Lloyd’s of London Lloyd’s of London has long stood as an enduring icon in the insurance realm, demonstrating resilience amidst colossal claims. Among the most notable was the payout following the sinking of the Titanic, a testament to the enormity of marine risks that insurers like Lloyd’s contend with. The…

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10 Dog Breeds Often Excluded by Homeowners Insurance

Ester Adams
dog breeds excluded on homeowners insurance

Understanding the Impact of Dog Breeds on Home Insurance: A Closer Look at Misconceptions and Facts Dogs are not just pets; they’re part of the family. However, when it comes to insuring your home, not all furry family members are viewed the same by insurance companies. Some breeds have a reputation that might make homeowners insurance providers think twice. While it’s true that some dog breeds are considered more of a risk due to their size, strength, or the lineage they come from, it’s essential to remember that with the…

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Uncovering the Secrets: Behind-the-Scenes of Affordable Homeowner Insurance

Loreen
affordable homeowner insurance and what you need to know

As homeowners seek to protect their most valuable asset—their homes—they are often confronted with the intricate and volatile landscape of homeowner insurance. It’s a world where economic fluctuations, legislative changes, and the capriciousness of nature can all conspire to influence insurance affordability. This article aims to equip you with the insights and tools necessary to navigate the complexities of the insurance market. You’ll learn how technological advancements are reshaping the way we secure discounts and streamline the insurance-buying process. By understanding the intricacies of risk assessment and embracing the digital…

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Does Commercial Insurance Cover Damage to Solar Panels? A Comprehensive Guide

Guest Author
commercial insurance and solar panel coverage

With the growing popularity of solar energy, more and more businesses are making the switch to solar panels. This eco-friendly and cost-effective energy source offers numerous benefits, including reduced energy bills and a smaller carbon footprint. However, like any investment, solar panels are not without their risks. One of the most important considerations for any business owner with commercial solar PV panels is their insurance coverage. In this guide, we will explore the crucial question: does commercial insurance cover damage to solar panels? We’ll delve into the complexities of insurance…

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