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

Surplus Lines Bill Among Laws Vetoed by R.I. Governor As she Cleared Desk

Among the three laws vetoed by Rhode Island Governor Gina Raimondo as she cleared her desk of all pending legislation in early July was a bill relating to surplus lines insurance. The bill – 2018 – H 7909 Substitute A …

‘A Pain Free Process’: Proactive Agency Recruiting

1 Make Decisions Driven by Data To know where you’re going, you have to know where you’ve been. Historically, how long has the agency taken to hire, from start to finish, service (account managers, analysts and CSRs), sales and marketing, …

Cybersecurity Tops D&O Liability Risks: Willis Towers Watson

Cybersecurity is the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims for harassment or discrimination, and regulatory enforcement risks are also critical D&O exposures. According to Willis Towers Watson’s 2018 Management …

Weather Ranks Top in Causes of Home Damage: Travelers

Wind is the most common claim while fire is the most expensive claim for homeowners, according to Travelers Companies’ recently released Top Ways Things Can Go Wrong interactive report. The report examines the company’s national homeowners insurance claim data from …

Flood Model Changes Help Hiscox Re & ILS Enter U.S. Flood Market

Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean at Hiscox Re & ILS. This …

Business Moves

BNC Insurance Agency, Murray, Schoen & Homer BNC Insurance Agency Inc., an independently owned retail brokerage firm with headquarters in Rye Brook, N.Y., has acquired Murray, Schoen & Homer Inc., also located in Rye Brook, N.Y. Terms of the transaction …

New Markets

Aviation and Aircraft Liability and Hull Physical Damage Market Detail: Unmanned Risk Management’s (www.UnmannedRisk.com) chartassure product offers corporate non-owned aircraft liability insurance for companies or individuals that use aircraft that they do not own and that are operated by third …

The Declining Value of Insurance

Value is a relative term often specific to a given asset. For example, if the price of gold declines from $1,800 per ounce to $1,250 per ounce, as it has, then gold is less valuable. The price of insurance is …

Q&A

Q: I’m the new vice president of talent acquisition for a large regional agency in California. Prior to my arrival, the organization had the ability to recruit, but it was largely by accident than intention. As I get a handle …

A Whole New Ballgame: Managing Risk for World Champion Houston Astros

Monica Rusch’s work was easier when the Houston Astros were losers. She was accustomed to worrying about fans being hit by balls, drunks getting too rowdy, players suffering injuries, thieves breaking into parked cars, slips and falls in the stands, …