Specialist insurer Beazley has announced an enhancement to its reputational risk insurance policy. The enhancement provides artificial intelligence-enabled tools to help policyholders more effectively control their corporate brand and reputation. Underwritten by the Beazley-led Custodian Consortium at Lloyd’s of London, the policy’s coverage includes crisis management services to minimize reputational […]
The average cost of car insurance varies state-by-state, but based off Bankrate’s research of average rates by various providers in South Carolina, drivers in this state can expect to pay around $529 a year for minimum coverage, and $1,427 yearly for full coverage. Compared to other states, these are not […]
When insuring a vehicle, several factors go into deciding the annual premium rate. While it is common knowledge that driving history, age, ZIP code and credit score have an impact on the cost of auto insurance, not many people consider the make and model of the vehicle when considering how […]
In rare instances, you may file an insurance claim only to find out that the estimate’s amount exceeded the repair costs incurred. If you’re wondering how to handle the excess funds from your home insurance payout, there are several factors to take into consideration. Much of this depends on how […]
Your homeowners insurance protects you from facing a catastrophic loss in the event of a named peril, which includes fire, tornadoes, burglary, and more. But does it also cover the contents of your home — for example, your appliances? The answer is: it depends. If your kitchen appliances are destroyed […]
Mercury Insurance has announced the launch of two programs to help Californians better protect their homes if they live in wildfire-prone areas. Under the first program, homeowners who take one or more steps to harden their homes against wildfires or who live in a community recognized by the National Fire […]
When insurance and risk management veteran Tom Pegues decided to launch Insuri – a new small business risk and insurance consultancy – in the middle of a global pandemic, some industry peers may have (quite understandably) questioned his timing. Mid-pandemic is “certainly not the ideal time” to launch a business, […]
We constantly hear stories of insurers and brokers having to ramp up their digital efforts in order to meet rising demand amid the COVID-19 pandemic. Now, a new report has shone a spotlight on just how important these efforts are. The World InsurTech Report 2020, published today by Capgemini and […]
The risk profile of an organisation is a landscape sensitive to any and every evolving external factor. There are, however, very few situations in recent years which have managed to rewrite the risk profile of businesses so profoundly as the COVID-19 pandemic. The ‘COVID Risk Review’ a global survey recently […]
The hotel industry has been one of the hardest hit by COVID-19 shutdowns and travel restrictions. According to the American Hotel & Lodging Association (AHLA), nearly six out of 10 open hotel rooms were empty across the country as of July 08, thousands of hotels have been shuttered, and, overall, hotels have […]