Posts by ISC Editor

While 90% of the country’s earthquakes occur in California, only about 10% of residents carry Earthquake insurance, according to the Federal Emergency Management Agency (FEMA). Some homeowners mistakenly believe they have coverage with their Homeowners policy while others don’t consider the gravity of the risk. In addition, many homeowners don’t like the high deductibles with…

Attending a tradeshow should be exciting, but it can just as easily feel overwhelming. With so many panels, booths, and other networking opportunities available, how does one make the most out of their brief time? Insurance agents can benefit from tradeshows, as meaningful interpersonal connections can develop at these events that can grow your client…

Whether your clients plan festivals or concerts throughout the year, are organizing a business conference, or holding a company celebration to mark a major milestone, Special Events insurance should be on their to-do list. So much can go wrong that, without the right coverage in place, your clients can be looking at huge price tag…

We’re seeing several new reports showing a spike in cyber activity. Identity Theft Resource Center (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, in its reports, says the number of data compromises in 2023 (3,205) increased by 78% compared to 2022 (1,801). Most data compromises were due to cyberattacks –…

While U.S. gross residential vacancy rates are declining, about 16 million homes are still vacant nationwide. These homes may be unoccupied and unfurnished as they wait to be sold, rented, or renovated. On the commercial side, the vacancy rate for office space is expected to reach nearly 20% in 2024, according to global commercial real…

In November 2023, we announced the launch of our Contractor ADVANTAGE General Liability (GL) program in California and Texas. Our ADVANTAGE GL program rounds out the coverage options we provide to contractors with our STANDARD, PLUS, and PREMIER products. We are pleased to let our broker partners know that we have expanded our footprint and…

Production companies have seemingly endless checklists when it comes to a shoot, and procuring the right insurance is crucial to facilitating a project’s success. Coverage is available to protect various aspects of the production – from third-party liability to equipment, vehicles and more. It also protects employees injured on the job. Sounds simple, right? Unfortunately,…

Concerts are a thrilling experience, no matter the size. From intimate, acoustic performances to stadium tours, concerts can become the memory of a lifetime for attendees. But despite rigorous preparations, there’s always the risk that something goes awry — during set-up, the concert itself, or break-down — that can lead to bodily injury or property…

The market has been consistently hardening, with many reinsurers continually evaluating the types of business they want to write or downsizing their lines of authority due to catastrophic exposure, climate-related risks, the ongoing wars, geopolitical issues, and generally poor underwriting results in the past eight to 10 years. The market should continue to stay hard…

Our goal with the ISC Insider is to bring you the latest insurance market trends, issues impacting today’s business and individual consumers, industry sector updates, marketing strategies, and more. We also want to inform you about what’s new at ISC – our tech advances, new product and program launches, events, and more. Here are the…