Chip Storm’s Post

A vehicle risk rating system sounds like a useful tool for insurers. That's exactly what Thatcham are offering now. Super handy. https://lnkd.in/egmBqS4K

#OHITSYOU We aim to educate new homeowners about the critical systems and where to find them.This includes water systems like leak detection systems, automatic shutoff systems,backup systems for your sump pump. These are just a few of the many ways you can help reduce your risk to a loss and keep your personal and business insurance costs down. Call ML CUTLER today.... for more risk management tips and tricks. #younghomeowners #homeowners #critical #water #watersystems #house #insurance #newjersey #fyp

🔗 Why Insuring Your Property to Value is Crucial 📈 As a commercial risk advisor, I see it all the time: properties insured based on pre-2020 values that no longer align with today's pricing. While property claims can be less common, they can be crucial to a business if not settled correctly. Don’t risk being underinsured—click the link to learn more and protect your business! #BusinessInsurance #PropertyValue #FinancialSecurity #BusinessGrowth

🚗💥 Great (and scary) article on the CIABs report discussing the current trends and challenges in the industry. Losses in the auto sector continue to evolve, impacting insurers and policyholders alike. 9.8% increase countrywide for Q1 of 2024!! Frequency and severity are out of control and the personal injury attorneys have never marketed harder. Stay informed and ahead of the curve by implementing preventable risk controls NOW. #c3 #truckingproud #riskmanagement #AutoInsurance #InsuranceTrends #IndustryInsights 📈🔍

Protect your Construction Project every step of the way with Builders Risk Insurance - covering materials, labor, and more, ensuring peace of mind for all involved. #BuildersRiskInsurance #ConstructionProject #ProjectProtection #InsuranceCoverage #ConstructionSafety #PeaceOfMind #MaterialsCoverage #LaborCoverage #ConstructionInsurance

Protect your Construction Project every step of the way with Builders Risk Insurance - covering materials, labor, and more, ensuring peace of mind for all involved. #BuildersRiskInsurance #ConstructionProject #ProjectProtection #InsuranceCoverage #ConstructionSafety #PeaceOfMind #MaterialsCoverage #LaborCoverage #ConstructionInsurance

What can you do to set yourself up for claim success after disaster strikes? Hear from Jim Harrington on ideas to reduce delays and disagreements in the property claim process at RIMS (Risk and Insurance Management Society, Inc.) #RISKWORLD #BetterDecisions #RiskSolutions #ProudSupporterofRIMS #RIMS

The Wall Street Journal's front page article highlights the challenges insurance carriers are facing on personal lines, but this issue is equally affecting the commercial insurance space. With the property market seeing large double-digit increases last year, the focus has shifted to the commercial auto lines for 2024. It's crucial to reevaluate your risk management programs with your agent and discuss all possible options. At USI, we're working with our clients early and often to ensure that any increases are known and budgeted for. Don't get stuck between a rock and a hard place come renewal time. Check out the article for more: information: https://lnkd.in/e3w5M-7G

Winter weather caused $64.1 million in property damage in the United States in 2022, according to ValuePenguin. While most winter weather threats are covered perils under home insurance policies, there are a few exceptions. For example, those who live in areas that receive heavy snow may experience flooding as the weather warms and snow melts in the spring – which requires separate flood coverage.

Understanding Fire Risks in Battery Technology 🔥 💻 Join QBE Insurance's David Jones and Adrian Simmonds as they discuss the rise in battery-related fires, safety practices, and future advancements in lithium-ion battery technology. https://lnkd.in/dSgEeeh4 #insurance #technology #fire #firehazard #risk