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What the Hardening Market Means for Agents and Underwriters

Posted by Bryan Stanwood on November 12, 2019

Pricing commercial insurance coverage is always part art, part science. Underwriters must consider not only their company’s risk appetite but also what a competitor might charge.  

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Topics: Insurance underwriting, P&C

Have Your Say: AM Best’s Innovation Scoring Method Open for Comment

Posted by Bryan Stanwood on September 24, 2019

Innovation has become so important to the insurance industry that rating agency AM Best will soon begin evaluating insurers’ innovation abilities. Exactly how that evaluation will work is still being determined, and if you’d like to voice your opinion on how it should work, you still have a little time. 

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Topics: Insurance underwriting, P&C, insurance

The Commercial Property Market Remains Hot, Making Now the Time to Understand Co-insurance

Posted by Bryan Stanwood on April 2, 2019

Many major urban areas feel like crane forests these days. In Chicago, 42 high rises are under construction,1 and in the San Francisco Bay Area, the largest construction projects collectively cost $22 billion, more than the gross domestic product of 80 countries.2 Central Seattle is home to 66 major construction projects, with 4.5 million square feet of office space slated to open this year.3

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Topics: P&C, Building Construction, insurance, insurance agents