Regulation360 (December 5, 2019, 2:46 PM EST) — When the guide is closed on 2019, will probably be remembered by many danger managers as the toughest insurance coverage market in years. Whereas the consequences of a hardening market have been extra pronounced in some sectors and magnified for particular coverages, policyholders throughout the board have skilled will increase in premiums, diminished capability and extra restrictive phrases in all traces.
These hostile market circumstances have appropriately prompted many insureds to develop new methods for renewals in 2019 and within the 12 months forward. Equal consideration ought to be paid to the pursuit of excellent claims. Efficient claims administration cannot solely enhance restoration for…
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