The Atlantic hurricane season, spanning from June to November, brings heightened risks for boat owners. Preparing in advance is crucial to protect your boat from the severe weather conditions hurricanes can bring. Following a comprehensive checklist can help boat owners safeguard their vessels and valuables during hurricane season.
Click the link to read complete article by National Marine Underwriters.
Companies are expanding their global footprint more frequently, and with that comes additional and unique risks. In this article authored by Intact’s Jeremy Allerton, he outlines three scenarios where locally admitted insurance should be purchased when an insured has an international presence and is exposed to their local laws, regulations, etc. Read the full article to learn more, and how Intact can provide multinational solutions to such circumstances.
As winter fades away and spring beckons, it's time to get your boat back on the water. But before you can set sail, you'll need to undo all the winterizing you did to protect your vessel during the colder months. De-winterizing your boat is a crucial step to ensuring it’s properly functioning.
Click the link to read complete article by National Marine Underwriters.
Spring is finally here – which means it’s the start of boat season! If you live in an area finally experiencing warm weather, it’s time to de-winterize your boat. Before you get back into the water, it’s essential to have the boat fully prepared after sitting immobile for so many months.
Click the link to read complete article by National Marine Underwriters.
Going into a new year, inflation continues to be a key topic for individuals, but are your business customers keeping pace? Insurance to Value is not a new concept. Each year leading up to renewal, it’s one of the many items on an underwriter’s checklist - to update values for a business. Often, insurance customers suggest that values are fine as is. However, in this current environment, that approach will likely result in under-insured property values and it’s more important than ever have those values updated at renewal – says Betsy Good, Vice President of Collateral Lines, Intact Financial Services, in our latest issue of News from the Vault. Click the link to read more.
You winterized your boat, and you think it’s tucked away safe until spring. Think again! The mobility and value of a boat makes it a tempting target for thieves, especially when it’s in winter storage. Click the link to learn how you can mitigate the risk of boat theft.
After a long summer of boating fun, boaters across the country are preparing their boats for their yearly hibernation. Taking the extra steps will not only protect the boat but will ensure an easier, stress-free launch come springtime! Click the link to read the complete winterization checklist by National Marine Underwriters.
The Atlantic Hurricane Season is nearing its peak time as we approach late summer and early fall. Though conditions have been in our favor till now, NOAA (National Oceanic and Atmospheric Administration) still expects an above-normal season in the coming months. To ensure you and your boat are protected, National Marine Underwriters offers some resources.
Click the link to read.
Incidents continue to be reported to banks and their insurers involving data compromises that occur at the bank customer's location. Banks are saddled with a dual duty when it comes to wire transfers – securing against wire fraud through your own policies and procedures, and helping customers secure themselves against data compromise.
In our latest News from the Vault article, Craig Collins of Intact Financial Services shares some of the most common and evolving methods of data compromise. Click the link to read the complete article.
Bank jugging is a term used to describe a scenario where a robber waits in the parking lot or other area near the bank and observes customers going in and out of the bank location. They look for customers who exit the bank with a deposit bag or a thick cash envelope. Branch lobby entrances, in-store teller lines, drive throughs, and ATMs are prime locations for this to occur. The customer is followed by the jugger to their next destination, whether it be to the grocery store, gym or home. The jugger will then take the opportunity to either break into their vehicle or rob them directly.
In our latest News from the Vault article, Craig Collins of Intact Financial Services shares ways to identitify a potential jugger and safety tips. Click the link to read the complete article.
Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.