Features

Insurtech Faces ‘Leveling Out Period’ Amid Market Challenges

The insurtech industry is facing what experts say is a “leveling out period” after investment in the space accelerated during the pandemic due to changes in the workplace and a greater focus on the use of technology. “We’re in this …

A Different Kind of Guard: Agent Follows NFL Offseason With Eye on Protecting Players

Like millions of Americans, Timothy Radcliff was glued to the NFL Draft in late April. Radcliff’s interest in the draft wasn’t predicated on which quarterback went off the board first or whether the Pittsburgh Steelers, his childhood favorite team, filled …

Q&A With Nationwide’s P/C President and COO Mark Berven

In 2021, insurer and financial services company Nationwide reported the strongest earnings in the Fortune 100 company’s history — $2.8 billion in operating income with sales of over $50 billion, another record number. What wasn’t immediately apparent in a late-February …

Inflation Is Inevitable. Why Are Property Insurers Unprepared?

I remember when it became clear that the economy was barreling toward an inflationary period the likes of which the United States hasn’t experienced in 40 years. It was Christmas 2020. My extended family was gathered in Naples, Florida, discussing …

Oklahoma Court: Tort Reform Law Allows Lawsuit Against Employer

Jerry Harwood couldn’t collect workers’ compensation benefits after he was paralyzed when he was struck by a car while trying to cross US Route 66 after leaving his workplace. But a split decision by the Oklahoma Supreme Court gives him …

U.S. Supreme Court Refuses to Hear COVID Business Interruption Case

The U.S. Supreme Court decided on June 6 that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court …

24th Woman Brings Suit Against NFL QB Deshaun Watson

A 24th woman filed a civil lawsuit alleging sexual misconduct by Cleveland Browns quarterback Deshaun Watson, who is also awaiting possible discipline from the NFL. The latest lawsuit was filed in Houston by attorney Tony Buzbee, who is representing all …

Retirement Planning via Partner Buyouts

Baby boomers are retiring sooner rather than later. In fact, by 2030, all baby boomers will have turned 65, which adds up to some 75 million potential retirees. Many put their life’s work into building sustainable businesses, including insurance firms. …

Insurers, Self-Insureds Facing $9 Billion in Black Lung Liabilities

The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned – to an estimated $9 billion and perhaps more than $14 …

The Ingredients Needed to Perfect the GSI Recipe in the Lloyd’s Market

Thirty years ago, when you baked a cake for a kid’s birthday party, it was most likely from a box — just add oil, water, and maybe an egg. No heavy lifting required. But times, and people, have changed. Today, …

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