Even though they have been suspended from the practice of law, attorneys with Houston, Texas-based McClenny Moseley & Associates continue to rack up penalties as federal judges clean up a mess created by the law firm’s mass filing of hundreds …
Years ago, Chris Boggs authored a phenomenal white paper titled “How to Read an Insurance Policy.” Everyone selling insurance, adjusting claims, and underwriting should read it, especially people new to the industry. It is a must read. I share this …
Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new market segment report released by AM Best. More …
At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers Watson (WTW) and Clyde & Co., a …
As musicians prepare for a star-studded summer of live events, the demand for performances is huge. At the same time, entertainment carriers are adjusting their appetites and underwriting parameters. Catastrophic losses at music festivals and concerts have led to more …
When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it would mean higher premiums for thousands of property owners, especially in low-elevation coastal areas. Now, the …
A shortage of workers in the restaurant industry is leading to more expensive and complex claims in workers’ compensation even as claim frequency declines, according to a recent report and webinar. Marsh recently released its Restaurant Industry Practice 2022 Report …
Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager NordPass. Though employees are repeatedly warned to take better …
Most agent errors and omissions (E&O) policies cover claims that arise from “professional services.” This term is usually defined in the E&O policy to be something like “activities as an insurance agent or insurance broker” or “services rendered as a …
Claims made insurance policies have existed for a long time. For specialty line insurance policies, such as directors and officers liability, professional liability, cyber liability etc., they are the most common type of policy issued. They are complex, and depending …
