Holiday Season Already Underway for Insurers of Seasonal Events
Ready or not, the holidays are right around the corner. And like retail stores and other holiday specialists, insurers are preparing for the holiday rush. This seasonal class can be challenging, especially for those insuring Christmas tree farms and lots for which premiums can be low but claims often severe.
However, it is also a reliable market.
According to Tom Wilkins, president of Keelson Partners in Portland, Ore., this market has been pretty stable over the last 10 to 15 years.
Keelson Partners runs the Christmas Tree Liability Purchasing Group in Portland Ore., which offers liability coverage for Christmas tree farms and growers, including choose-and-cut operators, and retail lots, through Great Northern Insurance Co., a member of the Chubb Group of Insurance Cos.
While business tends to be steady, Keelson says there was a bump about three years ago when there was a surprising increase in new Christmas ...
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