by Ridgemark Insurance | Mar 17, 2025 | Uncategorized
Nearly half of middle-market businesses feel unprepared for key threats despite implementing various risk management strategies, according to Nationwide Insurance’s latest “Agency Forward” survey. The survey found that while 90% of businesses have formal risk...
by Ridgemark Insurance | Mar 11, 2025 | Uncategorized
Businesses and homes located in areas that have been hit by wildfires have another risk they face after the fires subside: flooding, landslides, debris and mudflows. And these events are not covered by a standard business property or homeowner’s insurance policy....
by Ridgemark Insurance | Mar 4, 2025 | Uncategorized
Even if you have a business or a home that was not affected by the recent L.A. fires, you will likely see a surcharge to help pay for them on your next property insurance policy renewal. The state-run California FAIR Plan, which is the market of last resort when...
by Ridgemark Insurance | Feb 24, 2025 | Uncategorized
As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder’s risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant...
by Ridgemark Insurance | Feb 18, 2025 | Uncategorized
Automobile insurance companies are struggling to keep up with the rising cost of collision insurance claims, and that’s forcing them to raise rates at a steady clip. In 2019, the industry paid out $62.6 billion in losses for damage to personal vehicles and $5.4...
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