The insurance industry has recently seen some troubling trends in the Property and Casualty Agent’s Errors & Omissions marketplace. Some carriers are instituting premium increases or placing restrictions on the types of risks they’ll write.
Between 2010 and 2012, the number of policyholders in the insurance industry rose from 500,000 to 1.5 million. NIKE POPOOLA writes on the different initiatives to further increase insurance patronage in the country. In the last two financial periods, the number of life insurance policies sold by underwriting companies to policyholders tripled, according to the… [Read More…]
The insurance industry is bracing to pay hundreds of millions of dollars in claims to people whose homes were destroyed in major forest fires. But with government policies that indirectly encourage building in high-risk areas, insurance premiums for those living in the woods are unlikely to rise much.