09/04/2024
Small Commercial E&S, Party & Equipment Rentals and More
We know you need the latest buzz in the insurance realm, and as always, we’ve got you covered! From our foray into the small commercial E&S space to the P&C market growth in Q2, here’s your concise roundup of the past month’s Paragon and industry highlights.
Our New Small Commercial E&S Division
With our sights set on finding and serving niche markets wherever they are, Charles Lasher and our new small commercial division are amped to help small accounts have big success.
Working under Paragon’s already impressive E&S offering, this new team brings protection to smaller commercial operations with capacity that’s needed. Want to learn more? Check out our press release highlights here.
All-in-one Rental Equipment Program
When it comes to delivering top-notch service and comprehensive coverage for the rental industry, Paragon’s Party & Equipment Rental Insurance Program is in a league of its own. Just ask Janice Schuler, our Program Manager. Supported by a dedicated team of underwriters and risk control experts, the program offers specialized coverage for all types of rental operations.
Whether it’s party rentals, heavy-duty construction equipment, or lighter tools for homeowners, Janice and her team bring a wealth of knowledge and a customer-centric approach to understanding and addressing the unique needs of these industries.
Feelin’ Underpaid? You’re Not Alone
It’s more than just the money, though, according to the Federal Reserve Bank of New York. Job satisfaction, in general, has taken a hit in recent years. Fewer workers are happy with not only their pay, but also their benefits and promotion opportunities. Read the full story.
Q2 for P&C Industry Saw Growth
The global property/casualty insurance market saw a competitive and well-capitalized environment in the second quarter of 2024, according to Aon’s latest report. With insurers focused on sustainable growth, buyers are enjoying price moderation and more flexible underwriting options. Read the full story.
Party & Equipment Rental Insurance Program
Paragon’s Party & Equipment Rental Program has been a leading insurance solution for the rental equipment industry for over a decade. Offering tailored coverages, services, and loss prevention programs, we understand the unique needs of rental operations. Our commitment to exceptional service and comprehensive protection is backed by an exclusive endorsement from the California Rental Association. We provide complete commercial coverages on a nationwide basis.
- Party Rentals
- Homeowner Rentals
- Construction Equipment Rentals
- Equipment Dealers with Rentals
Home Insurance Woes
Last year was brutal for the home insurance business in terms of underwriting results. In fact, 2023 marked the segment’s worst loss this century, according to AM Best, with a staggering $15.2 billion in red ink spilled due to a nasty mix of natural disasters, inflation and population growth in high-risk areas. As for a return to underwriting profitability in the near term? Don’t hold your breath. Read the full story.
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