Monthly Archives: <span>January 2018</span>

Florida’s Citizens Moves on From 2017, Expects Policy Count Growth in 2018

Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018 for the first time since its efforts to shed policies through depopulation began several years ago. As it moves on …

North Carolina Proposes Rules for Opioid Use in Workers’ Comp Cases

The North Carolina Industrial Commission has proposed new rules related to the utilization of opioids, related prescriptions and pain management treatment as a proactive measure aimed at curtailing opioid misuse and addiction in workers’ compensation claims, according to a statement …

Declarations

No Consensus “Until we have some kind of a consensus, or there’s an outcry from everyday business people, it just seems the issue languishes.” — Wisconsin Assembly Speaker Robin Vos says there is no Republican commitment to a workers’ compensation …

Reinsurance Price Hikes Expected to be Short-Lived: A.M. Best

While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018. In a new …

Business Moves

Cook Maran & Associates, McDermott & Thomas Associates Cook Maran & Associates has acquired McDermott & Thomas Associates LLC (M&T). Cook Maran is a New York and New Jersey insurance broker, and the New York metropolitan area platform for Prime …

New Markets

Excess Liability – Residential Artisan Contractors Market Detail: Risk Transfer Partners (www.risktransferpartners.com) offers a monoline excess liability program for residential artisan contractors. No state restrictions and no minimum premium. Types of accounts that can be considered include: roofers, HVAC, drywall, …

Workplace Fatalities Increase Again with Transportation as Top Fatality

There were 5,190 workplace fatalities reported in the U.S. in 2016, a 7 percent increase over the previous year. According to the Bureau of Labor Statistics’ Census of 2016 Fatal Occupational Injuries, the fatal injury rate increased from 3.4 per …

Insurance Agency Financing Options

Yes, maybe and no. While these responses might sound like loan decisions you might expect to hear from a lender, they represent my response to the often-asked question of where to seek financing for loans to facilitate an agency acquisition …

Sexual Harassment: Employment Liability Tipping Point

From Hollywood mogul Harvey Weinstein to famed television journalist Matt Lauer, to thousands of others speaking out through the social media movement #MeToo, sexual harassment allegations from individuals who claim to have been victimized by their employers and colleagues continue …

Top Insurtech Predictions for 2018

Insurtech is often framed as a force of disruption in the insurance industry. But technology doesn’t disrupt the industry – it enhances the way carriers and customers interact. In 2018, I predict we will continue to see more carriers and …