There is little surprise when a conversation about cannabis and insurance turns to the subject of capacity. “Really when it comes to cultivation, processing, there is a bit of a hiccup, it seems in the overall market space, I think …
Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must work harder and harder to find insurance coverage that meets the needs of their clients. To solve these challenges, some agents …
A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney Geoffrey B. Fehling, with Hunton Andrews Kurth in Washington …
The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According to William …
We just attended a Bend Venture Conference event this past week (in Bend, Oregon) that included many angel investors on various panels, as well as several new ventures pitching for those angel investments. There was a good session on how …
For brokers and agents to navigate the market successfully, Brent Winans, vice president of Clear Advantage Risk Management, said it takes plenty of information, and a lot more diligence. “In a soft market, everybody gets sloppy,” he said. “In the …
The home page of Otterstedt Insurance Agency’s website says, “It’s about people, not policies.” After more than 100 years in business, the agency seems to know that living up to this motto starts with its own people. “I have worked …
Recent court decisions across the South continue to shape the risk management landscape, from workers’ compensation to property insurance issues. Workers’ comp In South Carolina, the state Supreme Court recently upended decades of practice and joined the national debate over …
Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance broker Marsh. While this is the …
On her family’s first trip since the pandemic began, 6-year-old Wongel Estifanos got on a vertical drop ride at a Colorado amusement park with her uncle, aunt and cousins last month. When the floor pulled away, everyone else fell in …
