The risk of extreme wildfires isn't going away anytime soon. Hotter summers and other extreme weather coupled with lingering drought have created the ideal environment for intense, large-scale wildfire events over a longer season, in the U.S. and around the world.
With catastrophes on the rise and the standard market pulling out of high-risk areas, the prospects for E&S also soar. Learn how Nationwide E&S is using data to create a better-balanced portfolio, it's also creating opportunities for its agency partners to grow their book
The quality of claims service can make or break the satisfaction of insureds—and the reputation of insurers. After all, if policyholders are unhappy with the level of support they receive when making a claim, there's nothing stopping them from taking their business elsewhere when it's time to renew.
Many people are lured to the Atlantic and Gulf coasts for the ocean breezes, sweeping vistas and the laid-back lifestyle having a home by the water provides. However, it's important that they consider another less desirable part of dwelling by the seaside: the risk of hurricanes.
Insurance companies have a tall order ahead of them when pricing their products. They have to charge enough to cover losses, expenses and profit and keep their rates low enough to remain competitive in the market—all while complying with state regulations.