Berkley Mid-Atlantic Insurance Group (a Berkley Company)’s Post

ANOTHER DEAL CLOSED!!!!!!! 👑 👑 👑 👑 👑 🚀 🚀 🚀 🚀 747 Units in Jacksonville, Florida!!!! Anyone in the real estate or insurance world knows that the Florida market is not so simple right now..... Was this easy? No Did we face challenges? Oh yeah Did we overcome them big time? YOU BET!! How did we do this?? I say it all the time and ill say it again. G-D, TEAMWORK, AND EXPERTISE!! Great job to our entire team on this one!! What can Crown do for you? 👑 👑 👑 👑 👑 #insurance #Florida #multifamily #teamworkmakesthedreamwork #Crownrisk

Switching careers takes courage and determination, and it's exciting to take on new challenges. As someone who has worked as an independent adjuster, I know firsthand the invaluable experience gained from working with auto and homeowners claims. This experience has undoubtedly prepared me for success in my new role with State Farm. Stay tuned to hear more about my journey! #careertransition #insuranceindustry #newbeginnings

Brokers win with Hiscox USA. Check out our recent wins below, and be sure to keep us in mind for your next opportunity. #HiscoxUSA #SmallBusiness #BusinessInsurance

Collaboration Through my fifteen years in the #titleinsurance industry, my experience has been that title agents and title agencies have traditionally worked in silos.  I get it - in many ways, it’s a zero-sum game.  My winning a client means you losing a client.  Just look at the underwriters - it’s the same reps and same counsels moving from one underwriter to another.  The world is changing, though, and changing at such a rapid pace that title agencies won’t be able to keep up by simply minding our own business.  If all we rely upon are underwriter bulletins to hear about fraud, or technological advances, or new platforms to market on, then we are dead in the water.  The dog eat dog mentality is an anachronism of an earlier era.  Surviving and thriving requires collaboration. How do we do this?  It starts with a conversation; I’d love to hear your thoughts and ideas.  Let’s connect.

As of 1 week ago, I have Property & Casualty Licensed! Biggest of thanks to my family and friends who supported me throughout this endeavor. Putting yourself out there is hard! I accomplished my biggest fear, tests, and passed on the first try 🥳 Blessed to be continuing my journey in this field, with more knowledge and learning ahead! Let’s talk underwriting! Would love to connect with some underwriters to hear their insights on the market. #commercialinsurance #propertyandcasualty

Real Estate Casualty Market Hardening: The market has been tightening, with a unique combination of restricted terms, diminished coverage, increased rates, and greater underwriting scrutiny. This shift is driven by unprofitability, as years of underpricing in the soft market have caught up with the industry. Additionally, loss costs have been on the rise due to social inflation and third-party litigation funding. Regional challenges have also played a role, with habitability claims in California, action-over claims in New York, and litigation in "judicial hellholes" adding to the complexity. What does this mean for real estate professionals? Rates are expected to increase, with double-digit renewal increases becoming common. Retentions are also rising, and obtaining lower retentions may come with restrictions on certain types of liability. Sublimit for specific types of claims are becoming more prevalent, and exclusions for various risks are being added to policies. Underwriters are now scrutinizing properties more closely, with crime scores and artificial intelligence playing a larger role in the underwriting process. Effective communication between agents/brokers and underwriters is crucial, as is thorough and timely submission of information. To navigate this changing market successfully, it's essential to stay informed, adapt to the changing landscape, and collaborate with knowledgeable professionals to thrive in the evolving real estate casualty market. #RiskManagement

Roof claims account for nearly a third of all U.S. property insurance losses or about 30%, and trees are very often how nature takes its toll on a structure. Aerial imagery can deliver a holistic view of trees encroaching on defensible space or posing a hazard to roofs, helping underwriters mitigate potential risks. Read more here: vrsk.co/4aqtzTX #commercialproperty #underwriting

🧊Our team is currently working on a hail damage claim for a property in Iowa. This kind of damage is typical after a hailstorm and can compromise the property's weather resistance and aesthetic appeal. Ensuring a thorough inspection and documenting all signs of damage is crucial for a full and fair insurance claims settlement. 👉 Next Steps: 💥1. Detailed documentation of all affected areas ⚡2. Collaboration with the insurance adjuster for an accurate damage assessment 🎯3. Pursuing a full and fair settlement to cover necessary repairs

I recently had the pleasure of speaking with a semi-retired chartered loss adjuster who shared how much he's thriving in his new role as a mentor to younger adjusters. It's a win-win situation: he finds immense satisfaction in nurturing the next generation of adjusters, while they gain invaluable insights from his extensive technical knowledge and experience. There's a growing trend where companies are recognising the untapped potential of retired adjusters who can offer invaluable mentorship and guidance. And in adjusting there's so much to be gained from talking to someone who's been there before you. If you're a retired adjuster, consider leveraging your experience to help shape the future of the profession. #lossadjusting #lossadjuster #claims #insurance #sleepingwiththefishes

When cycle time also means helping people to get back to their lives sooner following a catastrophic event, SCA is the best choice for insurance carriers. We provide field adjusters and appraisers for all types of claims, and these adjusters are managed by General Adjusters with current and relevant field experience. When you assign a claim to SCA, we find the right adjuster for that claim, not just any adjuster in the area. As you prepare to handle any potential sudden jumps in claims activity as a result of storm activity or other large loss events, SCA Claim Services would like to be a part of your preparation planning. We can accommodate large loss and weather-related claims in either a single or bulk assignment fashion. SCA Claim Services - Catastrophe Division Auto | Specialty | Property Appraisal & Adjusting - Field & Desk Support SCAClaims.com | assignments@scaclaims.com | 818-845-7621 #catastropheclaims #hailstorm #haildamage #tornadoclaims #hurricanedamage #stormdamage #autoclaims #propertyclaims #insuranceclaims #insuranceadjuster