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Wind Buyback Insurance: Everything You Need to Know

wind buyback

With an expanding population and more emerging businesses, property exposure to wind and hail-exposed areas is increasing. As a result of an aggregation of values and increases in losses from natural disasters, we’re seeing more property carriers adding high wind and hail deductibles on their commercial line policies. Many insureds decide to “buy down” deductibles […]

Rising Property & Deductible Price Solutions

wind deductible

As we enter the 4th quarter of 2020, there is no end in sight of increases in property and deductible prices. Extreme weather patterns are perhaps the only thing we can predict with accuracy. Combined with COVID-19, most of the property market continues to harden at an increasing rate, despite a strong capital position.  So […]

Parametric Hail Insurance: Coverage for Commercial Buildings

parametric insurance

The annual cost of hail damage in the U.S. has surpassed $22 billion a year. Hail inflicts serious damage to homes, cars, crops, and people.  It’s common for storms to produce hail the size of baseballs. At impact, these baseball-sized chunks of ice are moving at anywhere from 80 to 110 mph. When you imagine […]

Are You Prepared for 2017’s Active Hurricane Season?

Hurricane season

“Meteorologists have reported more tropical storm activity than usual.” Hurricane Harvey recently hit South Texas and Louisiana, causing mass flooding and an unprecedented $190 billion in possible damage. Hurricane Irma, which is expected to hit Florida in the coming days, is reported to be the second strongest Atlantic hurricane in history (second only to Hurricane […]

Facing up to the Explosion of Cybercrimes

cyber criminals

The security picture just keeps getting worse for businesses as cybercriminals resort to ever-more devious means to extort businesses with ransomware and steal valuable data to sell on the black market. As the security blog Ride the Lightning reported, the 2017 IBM X-Force Threat Intelligence Index found that records compromised surged 566 percent from 600 […]