About Craig English
June 28th is National Insurance Awareness Day. It is a great reminder to make sure you are adequately protecting your business and your family.
With changes in your business, personal life or circumstances around you, your exposures change as well. It’s a good practice to review your various coverages periodically and make necessary adjustments to remain protected. Unfortunately, we see many people fail to keep pace with their changing risks – they either don’t have the necessary coverage at all, or their policies lack sufficient limits of coverage. Continue Reading
Changing Insurance Market Hits Some Companies Hard
The “soft” commercial insurance market that persisted from 2005 through 2011 lulled many Property and Casualty insurance buyers into believing that insurance was inexpensive and always available. Continue Reading
All industries experience cycles of expansion and contraction and similarly, the insurance industry is cyclical in nature. Although no two cycles are the same, insurance industry cycles typically last from two to ten years and are comprised of a hard market and a soft market. After experiencing a soft market in the insurance industry for approximately eight years, due to a combination of factors, the market began to change, firming up in 2011. By the end of 2012, the soft market had started to bottom out and we are now facing a hard market. Continue Reading
Boating season is in full force and whether you’re sailing or motor boating, PSA wants you to have a fun and safe time on the water. According to the United States Coast Guard Recreational Boating 2011 Statistics, the US Coast Guard counted 4,588 accidents that resulted in 758 deaths, 3,081 injuries and approximately $52 million of damage to property as a result of recreational boating accidents. To help ensure safety on your watercraft, we recommend taking the following precautions.