Features

The Gaming Boom: Potential Risks and Insurance Implications

You don’t have to look very far to understand that the gaming (gambling) industry in the United States is booming. What was only available for those who wanted to travel to Las Vegas or Atlantic City is now available on …

How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.

Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic momentum may be slowing as entertainment businesses contend with rising …

Process Improvement Is the Secret to Recruiting Success

I see a lot of insurance agencies sink a never-ending amount of time and money into recruitment in the hopes it will solve the frustrations related to finding candidates and filling jobs. The problem with focusing too much on tools …

Power of the Mastermind: Part Two

Editor’s note: The following article is a continuation of Part One, published in Insurance Journal’s May 6, 2024, issue in the Minding Your Business section. What is a mastermind group? A mastermind group is simply an alliance of two or …

The History of the Professional Liability Underwriting Society: The Origin Story of Bringing the Best Together

The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals primarily involved, or all the events that had …

Data Privacy, Human Trafficking Risks on the Rise

The world can at times feel smaller and more connected than ever before. And though there are many tangible benefits to such intermingling of markets, people and products, potential risks nevertheless remain. With greater connectivity comes the increased potential for …

The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers

Last year while I was out of town, a roofing company showed up at my home and told my wife there had been a hailstorm recently, so they were visiting impacted neighborhoods and providing free inspection services. She let them …

The Relevance of Standard Carriers to Commercial Lines

Question: Are standard, admitted, insurance carriers relevant commercial markets? Arthur J. Gallagher stated in their 2020 10K that 50% of the total U.S. commercial property/casualty market is written through alternative markets. An Aon report several years ago placed that number …

30% of Business Leaders Say Global Political Risk Is Their Biggest Threat

Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32% of leaders in the United States saying political risk is their number one threat. In January, Beazley surveyed over 3,500 …

Film and TV

When it comes to insuring the film and television industry, premiums that skyrocketed in 2020-21 have settled down, according to John Hamby, senior managing director, national entertainment practice leader, Risk Strategies/Dewitt Stern. “Rates seem to have flattened for standard productions, …

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