Everyone needs insurance. My entrance into the insurance world taught me that. The first place I worked in insurance specialized in providing insurance to fire departments and ambulance companies. Municipalities and their fire departments have similar exposures as other entities …
If only 10% of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation loss costs for that sector could double or even triple in some states, according to an analysis by the National Council …
The entertainment industry is prepping for its return to work after a near total shutdown from COVID-19. What the future holds for the entertainment industry and insurance brokers serving this sector remains unclear, experts say. John A. Hamby, senior managing …
Jumping right into a new business may sound like a great first step, but long-time wholesaler broker Norman Ives advises a look-before-you-leap approach to the cannabis business. Ives is a broker and cannabis practice leader for Worldwide Facilities LLC, and …
We are in unprecedented times. If you’re like us, you suddenly found yourself and your company operating entirely remotely and have remained working this way for quite some time. Such an abrupt change can be a challenge for any organization, …
Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed lawsuits challenging virus exclusions in their business interruption policies, such …
It is often said that people buy insurance trusting that it will be there when they actually need it, and this is very true. But why trust when you should know? Also true, but rarely said is the following, “Often, …
Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains poor, and overstated modeling capabilities have brought unjustified confidence and misleading …
The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by …
Standard & Poor’s said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: An expectations of fierce insurance industry-fueled legal challenges. “We are taking the initial …
