General liability and excess umbrella commercial insurance rates increased again during mid-year renewals, but policyholders generally saw smaller price hikes than a year ago. New capital entering the market can help blunt rate increases.
Explore examples of construction problems that often lead to claims and litigation, yet can be easily addressed in the field. Each requires supervision, oversight and continual observation to detect and a timely response by the developer, contractor and end user.
Insurance companies focused on the customer experience may want to reconsider how they are delivering claims payments. Data from a digital payments software vendor suggest policyholders would like a choice other than having the payments sent by check in the mail.
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