Monthly Archives: <span>June 2021</span>

Logic & Language and Forms & Facts Homeowners Coverage for Watercraft

It’s now boating season in most parts of the country, so let’s explore some watercraft coverage issues under homeowners insurance. For the educational and illustrative purposes of this article, we’re using the 2011 ISO HO 00 03 (hereinafter, the HO3). …

Law Firms and Their Insurers Feel the Pain of Bigger Malpractice Claims

Even as law firms made adjustments to sustain their operations through the COVID-19 pandemic, they were unable to avoid the rising costs of malpractice claims. Indeed, the time period beginning in 2019 through mid-2020 marked the worst two years on …

How to Manage Social Media Liability in the Workplace: RIMS

“I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have changed and there are …

Declarations

Consistency Needed “It’s not whether or not a plant cares about their employees. … There is a need for consistency.” — Sen. Tony Vargas, of Omaha, who sponsored a bill rejected by Nebraska lawmakers that would have mandated coronavirus protections …

Permissible Broker-Agent Fees: It’s All a Matter of Geography

Oh, how things vary from state to state. This is particularly true when it comes to insurance laws. As insurance professionals know well, variations in state governance and regulation extend to the insurance space, with each state having its own …

Casualty Market for Education: Marsh

There are many segments in the education insurance market ranging from large colleges and universities to smaller K-12 campuses, but when it comes to casualty risks the exposures are largely the same, said Mark Turkalo, senior vice president, Education and …

Business Moves

East Risk Strategies, Specialty Insurance Solutions Risk Strategies, a Boston, Mass.-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions. SIS offers specialty products and services primarily focused on student health insurance programs, sport accident insurance …

Vaccinated California Workers May Have to Keep Masks on

California is set to fully reopen in less than two weeks and do away with virtually all mask and social distancing requirements for vaccinated people. But officials who regulate workplaces in the state aren’t ready to go that far and …

Arkansas Commissioner: Insurers Can’t Mandate Use of Designated Auto Repair Shop

Arkansas Insurance Commissioner Alan McClain is reminding insured Arkansans seeking automobile repairs that insurance companies cannot require automobile repairs be done at a specific repair shop. “If an insurer inaccurately informs you that your vehicle’s coverage is contingent upon utilizing …

Security First to Offer New Homeowners Coverage in Florida

Security First Insurance, one of the largest private homeowners insurers, has launched its Homeowner’s Premier HO5 policy. Floridians must have no claims or one claim caused by a weather event and with good-to-excellent credit could quality for a 20% premium …