The commercial property insurance segment has been grappling with limited underwriting profitability and hardening conditions for much of the past decade, mainly due to surging catastrophe (CAT) losses, inflation issues and property valuation challenges. As such, ongoing premium jumps and restrictive coverage terms have become the norm for most policyholders. According to industry data, average…
The popularity of electric vehicles (EVs) has been steadily increasing as consumers and the automotive industry move away from standard internal combustion engines. The U.S. Energy Information Administration reported that the sale of hybrid, plug-in electric and battery electric vehicles in the United States accounted for 16.3% of total new light-duty vehicle sales in 2023,…
3 Key Forces Driving Commercial Lines Costs in Spring 2025 We were hopeful heading into this year that the market would stabilize. Increases were going down and we saw a few premiums that were flat from 2024. The reinsurance renewals in January were what the carriers expected. Nationwide has named three key factors impacting commercial…
The weather can change quickly during the spring months, sometimes catching you off guard and posing a serious threat to safety. Make sure you have access to severe weather alerts and know what—and what not—to do if severe weather, such as a hail storm, strikes. If you are outside during a hail storm, seek shelter…
Maryland’s Wage Range Transparency Act is now in effect, expanding pay transparency requirements for employers under the state’s Equal Pay for Equal Work Act. In public and internal job postings, Maryland employers must now disclose the position’s minimum and maximum hourly wage or salary and a general description of benefits and any other compensation. This…
On Jan. 14, 2025, the U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) issued opinion letter FLSA2025-1, addressing whether a manager or supervisor can receive tips from a tip pool when working in a nonsupervisory capacity under the Fair Labor Standards Act (FLSA). The WHD advises that employers may not allow managers or…
Coastal environments refer to areas located on or within a few miles of shorelines. Although these environments only constitute a small portion of land in the United States, they are some of the most popular spaces for commercial real estate, primarily due to their economic benefits. Specifically, coastal areas are major tourism and population hubs,…
Commercial property insurance is an essential form of coverage for any organization. Such a policy can provide much-needed financial protection if an organization’s commercial building or its contents are damaged or destroyed by covered perils (e.g., fire, theft, vandalism, wind and lightning). Specifically, this coverage can help reimburse property repair or replacement expenses when these…
When organizations face large-scale disasters or other unexpected losses, ensuring business continuity is often a top priority. Yet, various losses may make it challenging for organizations to avoid operational disruptions or temporary shutdowns. In these instances, even brief closures can carry costly consequences. That’s where business interruption (BI) insurance can help. Also known as business…
When organizations face large-scale disasters or other unexpected losses, ensuring business continuity is often a top priority. Yet, various losses may make it challenging for organizations to avoid operational disruptions or temporary shutdowns. In these instances, even brief closures can carry costly consequences. Fortunately, that’s where business interruption (BI) insurance can help. BI insurance can…
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Client Support Team
Deeley Insurance Group
You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
SCD Intermediaries
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