Articles by Patrick Wraight

Patrick Wraight, CIC, CRM, AU, is director of Insurance Journal's Academy of Insurance. He can be reached at pwraight@ijacademy.com.

Commercial Property and Virus Exclusion

There is much being made about coverage for business income losses related to COVID-19. It seems that new lawsuits are filed daily, while the tally of lawsuits that are being dismissed continues to rise. It appears that in many jurisdictions, …

4 Facts I Learned Watching the Strems Trial

One of the unexpected consequences of the COVID-19 pandemic is that I found myself able to watch a live courtroom proceeding from the comfort of my desk at home (work). The idea of this was totally fascinating to me because …

2 Reasons COVID-19 Legislation is the Wrong Solution

Back in March and April, I gave two webinars on COVID-19 for the Academy of Insurance. If you haven’t had a chance to take those, click here to get the Academy of Insurance COVID-19 related classes. One of the topics …

Insurance for ‘Human’ Professionals

Professional liability insurance is a complex and interesting concept. As insurance professionals, or practitioners if you prefer, we are used to the concepts and terms of several different liability policies. We understand that an auto liability policy pays for bodily …

3 Reasons People Don’t Buy Homeowners’ Insurance

I recently learned about two separate times when families lost everything when their homes burned. These are tragic losses and thankfully, the only things that were lost were replaceable items. No one got hurt, but they did wake up the …

3 Ways to Maximize Your Learning

Insurance learning should be an ongoing part of every insurance professional’s life. Many of us have licenses that require us to attend classes and get continuing education credit. Some states require certain classes and some states require you to avoid …

3 Reasons COVID-19 Business Income Suits Should Not be Combined

Recently a U.S. Judicial Panel on multidistrict litigation denied a proposal to consolidate cases related to business income losses related to coronavirus. Read that story on Insurance Journal here. This was the right decision. To set the stage, as of …

One Step After You’ve Had It

Have you ever had one of those “I’ve had it!” moments? I mean, you look around and decide that where you are is not where you want to be? Whether it’s in your work, your life, your relationships, or your …

Which Needle Are We Moving?

Have you ever noticed how much is made about moving needles? This action will move the needle. That action won’t move any needles. Something else moves the wrong needle. And? What needles are we moving and why do they need …

Why Condominium Associations Should Consider Risk Management and Financing with Caution

Insurance for a condominium association is designed to finance the insurable exposures for the association. These exposures include the property and several liability exposures, including what would be covered by a commercial general liability policy, directors and officers liability policy, …