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The Rough Notes Company Inc.

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    CONSTRUCTION CLAIM TRENDS

CONSTRUCTION CLAIM TRENDS

Experienced adjuster offers insight for agents and brokers who serve contractors and other construction professionals As the construction recovery continues to unfold,  contractors are taking on more work. More projects mean more insurance policies—including more builders risk policies. But they also mean more claims. Tom Tiernan, senior executive general adjuster for Engle Martin & Associates, works with contractors all the time, and because of that he’s able to observe trends

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    FOCUS ON CONSTRUCTION

FOCUS ON CONSTRUCTION

The construction industry has stabilized and is growing All things considered, it’s been a good year for the construction insurance market. According to the latest Swiss Re Sigma report, global insurance and reinsurance losses in 2016 due to catastrophes and manmade events will likely cost $49 billion. While that’s a 33% increase over 2015, it still falls just below the 10-year average, says the Swiss Re data. An Aon Benfield

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    The Surety Market in 2017

The Surety Market in 2017

Smooth sailing so far, but uncharted waters ahead One could say that today’s surety business is like a ship slowly cruising after having passed through turbulent waters, but heading into new waters that may hold either promise or peril. A little more than a decade ago, surety business was convulsed by huge loss ratios and massive consolidation. An industry accustomed to loss ratios at or below 25% saw the number

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    Trucking Tools

Trucking Tools

Automation solutions boost safety, efficiency and underwriting in the transportation sector Now more than ever, technology is playing a role in the trucking arena. From driver and fleet safety to compliance, logistics management and underwriting, a number of tools have come to market recently. Here’s a look at four of them. Driver app One of the newest products on the market is an app called Greenlight, which combines smartphone-based video

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    MEDICAL PROFESSIONAL LIABILITY INSURANCE

MEDICAL PROFESSIONAL LIABILITY INSURANCE

Market at a turning point as consolidation continues  How’s this for a play on words?: Agents and brokers who specialize in selling medical professional liability (MPL) insurance may have to start focusing on selling professional liability insurance to medical practitioners. This observation is more than semantic jiu-jitsu, as consolidation among healthcare providers has contributed to a decline in premium and profitability for MPL coverage since the mid-2000s. At the same

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