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Agents Warned of ‘Creative’ Attorneys and COVID-19 Lawsuits

Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants start looking around for other sources of reimbursement …

Reporting Who Gets It: Coworkers and Coronavirus

Does an employer have to say if a coworker has the virus? Employers are generally not required to tell workers when someone in the workplace has tested positive for the coronavirus. The U.S. Centers for Disease Control and Prevention recommends …

Ex-Director Files Whistleblower Suit Against University of New Mexico

The University of New Mexico retaliated against the director of Africana Studies for demanding that his program be elevated to a department and later removed him when the program got state funding for the change, according to a whistleblower lawsuit. …

Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market

Even before the coronavirus crisis hit, the reinsurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price increases became necessary after 10-plus …

Data of About 200K Nevada University Alumni, Donors May Have Been Stolen

University of Nevada, Reno alumni and donors may have had their information stolen in a data breach that occurred in May, university officials said. The school was told of the breach on July 16 by Blackbaud, a third-party fundraising technology …

Producer Heroes

I received a nice email from a reader asking me to write about how important it is to support good producers and how good producers should be heroes rather than grouping all producers as anti-heroes. He provided the context that …

New Mexico Officials Say Teachers Are Safe from Legal Liability Amid Virus

New Mexico officials have clarified that teachers won’t be on the hook for lawsuits that might stem from COVID-19 outbreaks as in-person classes began for some students. “In no way will teachers or school employees be held personally liable for …

Why Manufacturers Cannot Underestimate the Cost of a Recall Event

The latest recall by Nissan of hundreds of thousands of vehicles in North America in June to resolve a latch problem that may allow the hood to fly open while the cars are moving comes on top of three previous …

Time to Rethink Your Account Manager Recruiting Strategies

Year after year I have found that insurance agencies spend 60% of their recruiting activity on account management hires. This far overshadows the combined time spent hiring producers, managers and executives. With such a consistent need for experienced client managers, …

U.S. Commercial Insurance Prices Rose Almost 10% in Q2: WTW

U.S. commercial property/casualty insurance prices rose during the second quarter of 2020 by almost 10% compared with prices charged during the same quarter of 2019. Excess/umbrella and directors’ and officers’ liability data indicated the largest price increases, with prices for …

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