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Property, Property & Casualty

How Parametric Products Benefit Catastrophe-Driven Risk Transfer

09/18/18

Parametric insurance is an innovative product that functions differently than traditional insurance. Unlike a traditional insurance policy, there are many levers to pull in designing a specific parametric product for an individual insured's needs. These levers afford the opportunity and flexibility to provide a menu of options at many different price points, often providing a more competitive product than is available in the traditional market. Learn how parametric products play a major role in catastrophe-driven risk transfer.

Cyber Liability, Professional Lines, Property & Casualty, Transportation

Top 10 Cyber Risks Facing the Transportation and Logistics Industry

09/18/18

​Every industry has exposure to cyber risks, including transportation and logistics. While these industries worked from paper and wheels for many years, now there are both internal and external networks that are critical to operating in this industry group. This article discusses the unique cyber risks facing the transportation and logistics sector, coverages to address these threats, and proactive cyber risk management tools.

Property, Property & Casualty

Understanding Property Theories of Recovery and Ensuing Loss Clauses

08/16/18

​The theories of recovery, as well as the ensuing loss provisions, contained in property insurance policies are often complex and, at times, seemingly in conflict. Although a policy may not directly address these theories, their application by courts plays a significant role in the coverage determination process after the claim. It is essential that brokers understand the primary theories of recovery – Efficient Proximate Cause, the Concurrent Causation Doctrine, and the Anti-Concurrent Causation Doctrine – in order to navigate the challenging post-claim process and effectively serve their clients.

Casualty, Professional Lines, Property, Property & Casualty

Claims Reporting: Better Late than Never?

08/16/18

A common complication during the claim process is the late reporting of claims. In some cases, a late claim can put the agent or broker's own E&O policy in jeopardy. There are many reasons for missing a reporting deadline; however, in most cases, they will not matter to the insurer or the courts. This article discusses typical claim reporting requirements, common causes of late reporting, and recommendations to mitigate the risk of late notice claim denials.

Cyber Liability, Professional Lines, Property & Casualty

Cyber Liability in the Energy Space: Critical Coverage for Critical Assets

07/24/18

In 2018, companies within the energy sector rely heavily on technology to perform daily operations. With this increased connectivity comes increased cyber risk. As threats continually evolve, it is virtually impossible to adequately prepare for every type of cyber-attack; however, appropriate insurance coverage can play a key role in mitigating risk. This article discusses energy-related claim trends and the value that Cyber Liability policies can add to your coverage offering for energy risks.

Property, Property & Casualty

Top 10 Misconceptions About Placing California Earthquake Insurance Coverage

07/24/18

​One of the biggest misconceptions regarding California Earthquake coverage is that it is a straightforward and elective coverage. With the lowest frequency in the CAT space, this peril is often misunderstood. However, one large event with subsequent aftershocks could result in significant losses. We have compiled a list of the top 10 misconceptions about placing CA Earthquake coverage which can help you understand this peril and what is truly being offered.

Casualty, Property & Casualty

State of the Casualty Market - Q2 2018

06/18/18

The second quarter brought few surprises, but a dynamic casualty insurance market requires expertise to navigate. Learn more in the Q2 2018 State of the Casualty Market report.

Cyber Liability, Professional Lines, Property & Casualty

State of the Professional Lines and Cyber Market - Q2 2018

06/18/18

A mixed professional lines insurance market presents some challenges, but plenty of opportunities, as well. Learn more about the state of the Professional Lines and Cyber market in our Q2 report.

Property, Property & Casualty

State of the Property Market - Q2 2018

06/18/18

Abundant capacity characterizes the current property insurance market, with few exceptions. CAT pricing remains stable entering the 2018 hurricane season. Learn more in the Q2 2018 State of the Property Market report.

Property, Property & Casualty

Understanding Catastrophic Event Property Deductibles

05/17/18

Catastrophic event property deductibles (“CAT deductibles”) differ from traditional property insurance deductibles in that they result in significantly higher out-of-pocket expenses for the policyholder for specific perils. Policy wording is crucial to determine the potential financial impact of these high deductibles. This article discusses the three most popular forms of CAT deductibles and how you can protect your clients from substantial financial burden in the event of a CAT claim.

Casualty, Property, Property & Casualty, Transportation

State of the Transportation Market

05/17/18

​In both primary and excess liability, accounts are seeing some increases, but the worst may be behind us. As is typical in the transportation sector, troubled accounts are facing higher costs and placement challenges. In an ever changing marketplace, claims, safety and technology are at the forefront and buyers can no longer simply consider price.

Casualty, Property, Property & Casualty, Public Entity

State of the Public Entity Market

05/11/18

The Public Entity market is seeing unique trends for both Property and Casualty. In Property, the mid-market has seen firming while larger placements have seen carriers, both domestic and in London, attempt to hold the line on pricing. In Casualty, there are underwriting concerns around several key issues including attachment point sensitivity, capacity management, and difficult public exposures such as water utilities and law enforcement.

Property, Property & Casualty

Storm Event: When Multiple Water Perils Intersect

04/24/18

When a storm event occurs, multiple perils often intersect, creating a very challenging environment for a policyholder to prove their loss. Whether these perils are insured by an insurance policy, and if so to what extent, depends on the terms, conditions, definitions and exclusions in the policy. This article discusses the difference between wind-driven rain and rising water, the broad impact of using wind-driven water verbiage, and the importance of clear policy wording concerning water perils.

Property, Property & Casualty

Insurance Commissioner Orders Carriers to Pay for Mudslide Damages

03/22/18

The Thomas Fire, the largest fire in California's history, subsequently led to a mudslide on January 9, 2018, which caused a massive amount of damage in Santa Barbara and Ventura counties. The California Insurance Commissioner has issued a formal notice reminding carriers to pay for damage, citing the "efficient proximate cause doctrine." This article takes a closer look at the doctrine and how it has been challenged in court over the years.

Casualty, Property & Casualty, Real Estate

State of the Casualty Real Estate Market

03/22/18

The state of the casualty market for real estate and habitational risks differs by the type of exposure. While desirable risks are seeing rate reductions, crime-related losses have caused many carriers to tighten acceptability guidelines, and shrinking profit margins have caused carriers in the habitational market to exit the space. Learn more in our State of the Real Estate Market report.

Professional Lines, Property & Casualty

The Professional Services Exclusion: A Cautionary Tale for D&O Insureds

02/22/18

A professional services exclusion is found in most private company D&O policies, as well as in D&O policies issued to publicly traded companies that provide professional services, such as banks and financial advisory firms. Seemingly minor differences in the wording of the exclusion's policy terms have caused numerous claim denials. Learn what you can do to protect against insureds being caught by surprise by a carrier's denial based on an expansive reading of an exclusion.

Professional Lines, Property & Casualty

Employment Practices Liability in the Age of #MeToo

01/11/18

In 2017, the issue of sexual harassment – especially in the workplace – gained greater awareness as accusations of harassment by high-profile individuals were constantly in the news. In many cases, sexual harassment lawsuits seriously impacted businesses and their respective insurers. Employment Practices Liability Insurance not only provides protection against employee lawsuits, but can also help your clients mitigate their sexual harassment risks.

Construction, Property & Casualty

Ordinance or Law Insurance Coverage

01/11/18

Ordinance or Law insurance coverage provides limited protection for costs associated with repairing, rebuilding, or constructing a structure when physical damage to the structure by a covered cause of loss triggers an ordinance or law. Compliance with ordinances and laws after a loss can add 50% or more to the cost of a claim. This article will help you educate your insureds on exclusions and limitations and help them take a proactive approach to their insurance program.

Healthcare (P&C), Property & Casualty

State of the Healthcare Market

12/14/17

The healthcare market remains ultra-competitive, despite economic forces and political uncertainty that would typically unnerve underwriters. However, while declining premiums and extra coverage may appeal to customers, not all capacity is created equal. Partnering with a wholesaler that is an expert in healthcare is essential for brokers seeking to expand their presence in this market.

Cyber Liability, Professional Lines, Property & Casualty

Data Breach Trends from AmWINS Brokerage

11/30/17

Cyber risks are continually evolving and AmWINS Professional Lines practice is dedicated to helping you understand the risk and find insurance solutions to mitigate those risks.

Construction, Property & Casualty

American Institute of Architects 2017 Insurance Requirements – An Introduction

11/14/17

In early 2017, the American Institute of Architects (“AIA”) introduced updates to its form construction contract documents, including a new exhibit that addresses insurance requirements between the owner and contractor. Since these forms are considered construction industry standards, it is important for those handling insurance and risk matters for the construction industry to be aware of these changes to insurance requirements.

Property, Property & Casualty

AmWINS Exclusive Property Capacity

11/10/17

A one-two-three punch of hurricanes to the U.S., combined with global property catastrophes, have plunged the property market into a period of uncertainty. Vital market access and capacity will be key to success in the coming months.

Healthcare (P&C), Professional Lines, Property & Casualty

How To Protect Your Clients From Evolving Healthcare Regulations

10/31/17

The False Claims Act (FCA) is a law that imposes liability on persons or companies who have defrauded government programs and is the primary litigation tool used in combating fraud against the government. These tips and trends will help you navigate the changing healthcare landscape under the FCA.

Casualty, Property & Casualty, Transportation

Why Your Employees' Driving Record Can Be a Reflection on Your Company

10/31/17

Due to the Doctrine of Negligent Entrustment, the consequences of allowing an employee with a poor driving record to operate any motor vehicle for work purposes extend beyond a possible traffic violation or accident. These seven tips will help you to proactively manage your drivers and maintain your CDL files as part of your fleet safety program.

Cyber Liability, Professional Lines

Cyber-Crime and Social Engineering Insight from AmWINS Brokerage

10/19/17

As Cyber exposures continue to evolve, it is increasingly important to understand the risks, the potential costs and which type of insurance policy responds.

Casualty, Product Recall, Property & Casualty

Whole Genome Sequencing and the Increase in Food Contamination Recalls

09/21/17

The number of food contamination recalls continues to grow at a record-setting pace. In large part, the exponential increase in food recalls is a result of government regulatory bodies’ growing use of Whole Genome Sequencing (WGS) to identify the source of the contaminants. This article discusses the revolutionary impact of WGS on the food production industry.

Property, Property & Casualty

Coinsurance and Blanket Limits in Commercial Property Insurance

09/21/17

While policyholders should strive to provide the insurer with complete and accurate values for buildings and business personal property that are the subject of insurance, policyholders should also understand the basic workings of the coinsurance condition. In this article, we'll see an example of the potential penalties for underinsurance, the agreed value option, blanket limits and margin clauses.

Professional Lines, Property & Casualty

Is Your Insured’s Website Compliant with the Americans with Disabilities Act?

Recent court rulings, have extended the Americans with Disabilities Act (ADA) to apply to websites that are ‘heavily integrated’ with and serve as a ‘gateway’ to a physical stores/services. As a result, companies are now finding themselves targets for ADA claims based on the inaccessibility of their websites and media by those who are disabled. Learn how you can protect your clients.

Casualty, Property & Casualty

Landlord & Tenants and the Subrogation Dilemma

While insurance may protect a tenant against subrogation by a landlord’s insurer, the liability of the tenant to the landlord is ultimately a question of law. As a result, any defense to a tenant’s liability is the practice of law. Learn the importance of consulting qualified legal counsel regarding questions of tenant liability, including the consideration of the various approaches to limiting that liability to the landlord.

Environmental, Property & Casualty

The New EPA Underground Storage Tank Regulations: A Compliance Primer

Underground storage tank (“UST”) regulations are intended to safeguard public health and safety, as well as reduce the economic impacts of a UST system failure. This article discusses developments set forth in the most recent federal UST regulations, which became effective in October 2015.

Property, Property & Casualty

Insurance-Linked Securities: Providing Capacity to Catastrophe Risks

Insurance-Linked Securities (ILS) provide alternatives to traditional indemnity-based insurance products by allowing investors to provide capacity, primarily on property catastrophe risks. Whether purchased in addition to a traditional program or in lieu of a traditional setup, ILS arrangements may offer a more efficient use of capital and can be fine-tuned to meet the needs of the insurance buyer.

Cyber Liability, Professional Lines, Property & Casualty

Don't Let Ransomware Make You "WannaCry"

Hit by Ransomware...now what? The incidence of ransomware attacks continues to climb and organizations of all types and sizes need to know what to do when an infection occurs.

Property & Casualty

Recent Changes to English Law Uberimmae Fidei, the Doctrine of Utmost Good Faith

Recent changes to English insurance law have replaced the doctrine of “utmost good faith” (uberimmae fidei) with the new principle of “fair presentation,” but the doctrine remains unchanged in United States federal maritime law. Will we see the strict doctrine of utmost good faith replaced by the principle of fair presentation in the U.S.? Inconsistency in recent federal court decisions provide insight into this possibility.

Property & Casualty

Share, But Be Aware: Growing Up with the Sharing Economy

In today's sharing economy, millions of people rely on strangers to provide services and goods to them through various online platforms, such as Uber. Sometimes, however, problems can arise within the corporate structure of the sharing platform itself or arise out of the exchange. As a result, adequate insurance is an important consideration for those who wish to engage in the sharing economy.

Property, Property & Casualty, Transportation

Railroad Property Business Keeps Rolling

The engine and cars that come down the track are only a small part of the property of any railroad operation. Property exposures are as diverse and complex as railroads themselves and require a specialized approach to navigate the insurance marketplace.

Property, Property & Casualty

10 Catastrophe Claim Tips for Severe Weather Season

Severe weather can be unpredictable and strike at any time. Help your clients be prepared in the event their property is damaged by a hurricane, tornado, hailstorm or similar disaster with these 10 catastrophe claim tips.

Manufacturing, Professional Lines, Property & Casualty

Manufacturers E&O: Coverage Beyond a Standard Policy

The manufacturing industry contributed to over 12% of the U.S. economy in 2015, and this number is expected to increase. While new growth in production and sales is a positive development for businesses, it may also open the door to an elevated and often misunderstood insurance risk: financial damages not caused by bodily injury or property damage.

Casualty, Construction, Property & Casualty

CGL Exclusions Common To Construction-Related Claims

The Commercial General Liability policy (CGL) is an essential factor in the equation that consists of building planning, financing, construction, operation, and protection from risk. Standard ISO form CGL policies contain an insuring clause subject to long-standing exclusions, which have been the subject of interpretation and case law over the years. This article focuses on the operation of the form’s exclusions j, k, and l.

Casualty, Construction, Property & Casualty

5 Risk Transfer Options for Owners and Developers

Owners and developers involved in construction projects must deal with the inherent risks involved with such projects. Their options are typically limited to avoiding, assuming, controlling/mitigating, or transferring the risk. This article addresses the most common risk transfer options.

Cyber Liability, Professional Lines, Property & Casualty

Cyber Liability: The D&O Dilemma

In the event of a cyber attack, the Directors & Officers (D&O’s) of a company are often held liable. D&O's should ensure they have comprehensive insurance coverage as well as mitigate their cyber liability exposure with these three steps.

Professional Lines, Property & Casualty

Enhancing Securities Market Investors’ Protection in North America

The financial markets' crisis and the failure of major banks, securities broker/dealers and insurers together with an upswing in cases of fraud has meant that investors are profoundly concerned with the protection of assets they have entrusted to others. Fortunately, there are statutory bodies and insurance policies in both the US and Canada which have been created to address these concerns.

Environmental, Property & Casualty, Transportation

Transportation Pollution Liability: From Point A to B and In Between

When a cement truck turns over and pollutes a stream, how is that insured’s exposure addressed? If a freight hauler is unloading drums of soap and one of those drums turns over and spills into a storm drain, how will the insured be protected? In the environmental marketplace, carriers will offer transportation pollution liability coverage to address these exposures.

Casualty, Property & Casualty

Arbitration Law As We Move Into 2017

Arbitration is becoming a frequently preferred method for dispute resolution, especially in commercial matters and those involving consumer contracts. While there are many positives to arbitration, there are also drawbacks. This article discusses the basis and background of arbitration and current trending and emerging subjects.

Casualty, Property & Casualty, Transportation

8 Areas in which the Electronic Logging Mandate will Impact Trucking

The Federal Motor Carrier Safety Administration mandate which requires nearly all U.S. truck operators to use electronic logging devices (ELDs) to track duty status has been upheld in court and will take effect December 16, 2017. The mandate will impact not just the trucking industry, but the trucking insurance sector as well.

Casualty, Healthcare (P&C), Property & Casualty

3 Factors Threatening the Nursing Home Liability Market

With ample capacity in nursing home and long-term care liability insurance, competition remains strong among carriers. However, the convergence of three separate events are threatening to create a perfect storm in the marketplace.

Cyber Liability, Professional Lines, Property & Casualty

Endorsements that Protect Your Clients from Social Engineering Losses

In response to the masses becoming more aware of cyber-attack techniques, hackers have countered with more sophisticated attacks, such as CEO Fraud, also known as Social Engineering Fraud. How we do we address this increasing risk as an industry?

Casualty, Property & Casualty, Workers' Compensation

How to Combat Rising Rates and Retentions in Excess Workers' Compensation Insurance

For 10 years, rates and retentions for self-insureds have been steadily (sometimes drastically) increasing. The good news is there's a way to fight the increases, though it has little to do with insuranc​e.

Casualty, Property & Casualty, Real Estate

Overcoming the Challenges of Placing Multi-Family Real Estate Insurance

Multi-family real estate insurance has become a difficult class to place - many markets have either exited the space or tightened their guidelines. Here are three ways that you can help present risks in the best possible light for underwriters.

Casualty, Property & Casualty, Workers' Compensation

Protection & Indemnity Insurance – Overview and Coverage Concerns

P&I insurance, which is liability coverage for vessel owners, is subject to many exclusions and special conditions. Often, we see instances where the P&I insurer declines defense and indemnity in cases involving injuries to crew members. Here's a closer look at why.

Professional Lines, Property & Casualty

OSHA: Priorities, Inspections, and Citation Defenses

Despite the heavy burden on employers, since its inception, OSHA's programs and policies have dramatically improved employee safety. It's important that employers know about OSHA requirements and exemptions, which could make or break a citation defense.

Professional Lines, Property & Casualty

Community Banks: The Return of the Multi-Year Insurance Policy

With the economy on the rebound, carriers have started to again offer multi-year policies for banks, but on a selective basis. Deciding if a multi-year policy makes sense for your insured requires careful consideration, and they can provide many benefits over traditional annual policies.

Environmental, Property, Property & Casualty

What Constitutes Property Damage?

Property damage doesn't always mean there was an alteration to structure or contents. In this article, we review a court case in which harmful air quality was ruled as causing “direct physical loss of or damage to” the company’s property.​

Casualty, Construction, Property & Casualty

Don't Fall Into The Hole: Potential Insurance Exposures for Construction Owners

During and after a construction project, commercial general liability and project-specific policies may not fully protect building owners against any and all risks faced. This article addresses two unique areas which should be carefully considered to ensure proper coverage.

Casualty, Product Recall, Property & Casualty

Case Study: Ingredient Manufacturers and Their Product Recall Insurance Risk

Ingredient manufacturers sell their product to other manufacturers who use it to make other products, some of which are ingredients themselves. This positions ingredient manufacturers uniquely in the event of a recall, since they may need to indemnify large financial losses sustained by multiple third parties.​ 

Casualty, Construction, Property & Casualty

Construction Defect Claims: Statute of Limitation and Statute of Repose

Responding in large part to the increase in construction defect litigation, the state legislatures have enacted provisions to provide certainty and to limit the time in which a party may bring suit for a defect claim. In this article, we discuss the importance of understanding the applicable statutes of limitation and statute of repose for a given jurisdiction, as well as the interplay of those statutes with other provisions.

Casualty, Property & Casualty, Workers' Compensation

Workers' Compensation Insurance on the High Seas

When a U.S. maritime worker leaves the U.S. on temporary overseas assignments, are they still covered by the Longshore Act (USL&H)? Or are they covered by state workers’ compensation laws? The short answer is: it depends.

Property, Property & Casualty

8 Key Considerations for a Builder's Risk Insurance Policy

In this article, we review the insurance requirements and considerations when it comes to a builder’s risk policy, including coverage for soft costs and delay in startup/loss of income.

Environmental

Green Construction: Risk and Special Insurance Considerations – Part Two

Concluding our two-part series on risks specific to "green" construction, this article highlights three of the most well-known “green” construction suits and discuss industry concerns and best practices.

Group Benefits, Self-funding

3 Ways Brokers Can Ensure a Positive Insurance Claims Experience for Self-Funded Clients

Experts warn that under the Affordable Care Act, the number of catastrophic losses will only worsen. Brokers need to ask themselves how they can become advocates for and protect the budgets of their self-funded employers as a growing number must pay catastrophic claims?

Professional Lines, Property & Casualty

Required State Disclosure Language: What Does it Mean?

Not licensed. Insolvency. No guarantee of claims payment. These words on a policy can cause concern to insureds, especially those with little to no experience with the excess and surplus lines marketplace. Understanding the reasoning behind these disclosures will help you put your clients at ease.

Casualty, Environmental, Property & Casualty

Green Construction: Risks and Special Insurance Considerations - Part One

In the first article of our two-part series, we provide a background and introduction to sustainable construction, including essential vocabulary that parties should consider before undertaking a "green" construction project.

Cyber Liability, Professional Lines, Property & Casualty

Cyber Insurance Coverage for Bank Assessments

The most significant liability threat for companies after a data breach could be from their business partners, including banks and payment card processors. This article details what merchants and their brokers need to know to ensure their coverage matches their needs and expectations.

Casualty, Environmental, Property & Casualty

Insurance Implications of Legionnaires Disease

Many business owners and operators incorrectly assume that their general liability policy will cover them from pollutants and bacteria, such as legionella. In reality, to properly cover such exposures, an Environmental Impairment Liability policy should be purchased and considered a cost of doing business.

Professional Lines, Property & Casualty

How to Soften the Insured vs. Insured Exclusion in Your Client's D&O Insurance Policy

Looking for ways to limit the Insured vs. Insured exclusion in your client's D&O policy? By considering the amendments recommended here, you may be able to negotiate broader coverage for your client.

Property, Property & Casualty

10 Key Changes for the Private Commercial Flood Insurance Market

With the National Flood Insurance Program (NFIP) facing excessive losses, legislative mandates and a growing deficit, the private sector is presented with one of the largest growth opportunities in the P&C market today. But can the challenges causing NFIP’s problems be adequately addressed by the commercial market?

Casualty, Construction, Property & Casualty

Right to Repair Statutes: the Fix to Construction Defect Litigation

An evolving and dynamic area of law, “right to repair” statutes require homeowners to notify builders of claimed defects and to provide them with an opportunity to repair the defects before taking legal action.

Casualty, Construction, Property & Casualty

Protection for Project Owners and Developers: Which Insurance Policies Work Best?

During a construction project, much of the risk is with the contractor. However, the owner of the project also has the potential for liability. Give your clients more adequate protection during construction with an Owner’s Interest policy that includes extended completed operations insurance.

Casualty, Property & Casualty, Transportation

3 Problems Motor Carriers Face with the SMS Model

Motor carriers must continually battle the Safety Measurement System (SMS) and the public misperception its data creates, which often leads to higher premiums and difficulty obtaining coverage. Is there a clear solution to the problem?

Construction, Property, Property & Casualty

3 Exposures to Consider on a Builder's Risk Insurance Policy

The resurging construction industry means that builder's risk submission activity is on the rise. As such, it's important to understand this line of business. Here's an overview of some things to consider on a builder's risk policy.

Group Benefits, Self-funding

How Less Can Be More for Stop-Loss Insurance Programs

What is a stop-loss coalition? Whether you call it a preferred partner arrangement, stop-loss panel or block consolidation, this arrangement consolidates insurance by reducing the number of vendors used. This strategy, when executed efficiently, comes with a variety of benefits.

Professional Lines

Professional Lines and TRIA: Surprising Insurance Coverage Triggers

With the renewal of the Terrorism Risk Insurance Act (TRIA), it is a good time to look at Management Liability and Professional Liability lines to discuss how terrorism in general can trigger coverage.

Transportation

FMCSA Considers Comments on Minimum Responsibility Limits

The Federal Motor Carrier Safety Administration is considering a proposal for regulations that would increase the minimum insurance limits for motor carriers - a change that could significantly affect smaller trucking companies.

Casualty, Hospitality & Entertainment, Property & Casualty

Four Factors that Determine Pricing For Liquor Liability Insurance Coverage

Liquor liability is a complex coverage that is becoming increasingly difficult to procure, but with a proper understanding of the type of risk, venue and location, you can more effectively position your clients for success with underwriters.

Group Benefits

The Six Attributes of a Highly Successful Broker-MGU Relationship

Working with a Managing General Underwriter (MGU) can be one of your most beneficial relationships, helping you build your book while addressing your clients’ major insurance issues. However, selecting the right MGU partner is important. 

Healthcare (P&C)

Two Tips for Senior Care Facilities to Reduce Insurance Risk Due to Soaring Number of Elderly Baby Boomers

In the next 15 years, the population of seniors will nearly double, with more than 20% of the population being 65 or older. With loss rates per occupied bed, claim frequency, and claim severity on the rise, this changing landscape will have a huge impact on senior care facilities.

Cyber Liability

Cyber Liability Insurance Coverage for Financial Institutions

Cyber Liability coverage is particularly intriguing for financial institutions, as they are held to a higher standard for protecting their customers’ information given their role in protecting their money. To help combat losses associated with data breaches, new cyber insurance products have started to emerge.

Casualty, Construction, Property & Casualty

Contractor Insurance Requirements – A Primer

When it comes to writing insurance requirements for contractors, there is a delicate balance to strike: protect insured interests while being reasonable and clear to contractors. This article discusses the importance of diligence in overseeing and enforcing such contractor insurance requirements.

Group Benefits, Self-funding

Four Reasons Why Reference Based Pricing Could Become the Norm for Self-Insured Employer Groups

Ever increasing health care costs are a concern for both employers and their employees today. One of the factors driving health care costs ever skyward is the lack of standardized pricing for services and procedures performed on a daily basis across the country. Closing the gap with reference-based pricing could help reduce that price variance.

Casualty, Construction, Property & Casualty

Construction Defect Claims: An Update

Litigation over whether a Commercial General Liability (CGL) insurance policy provides coverage for faulty workmanship claims is rapidly evolving. This article discusses situations where faulty work is considered an occurrence, when "property damage" becomes a factor, and how the "your work" exclusion and the subcontractor exception applies.

Cyber Liability, Professional Lines

The Cost of a Data Breach

There is a tremendous potential risk for merchants when it comes to the fines and penalties associated with data breaches – not to mention the public relations nightmare that could follow. Many insurers are hesitant to provide the capacity that is needed for the exposure that exists. Are your clients aware of the Cyberliability solutions that will cover them in the event of a breach?

Transportation

CAB Usage in Underwriting Truckers

Finding coverage for an experienced motor carrier with an above average safety history should be an easy task. However, coverage is often determined by the way a risk is presented - and interpreted. Usage of tools like Central Analysis Bureau (CAB) reports can.

Cyber Liability, Professional Lines

Cyber Liability Insurance for Nonprofits Organizations

When it comes to cyber-crime and massive data breaches, there's one group that has been relatively overlooked when it comes to cyberliability - nonprofits. How would an organization with limited capital protect its infrastructure in the event of a breach?

Professional Lines

Fighting Lending Requirements

At a time when many borrowers are taking advantage of record-setting low interest rates by refinancing their loans, regulatory changes are causing lenders to be more cautious than ever as they transfer the risk of unpredictable events to insurance carriers. This article will look at some examples of lender requests and possible ways to counter them.

Group Benefits, Self-funding

Everything Self-funded Employers Need to Know About Contraception Coverage But Are Afraid to Ask

Given the headlines regarding the issue of providing contraception coverage, brokers may be wondering how their self-funded clients fit into the puzzle. While there is no simple answer, an explanation of how these recent events currently affect self-insured employers and Third Party Administrators (TPAs) might shed some light on the situation.

Casualty, Construction, Property & Casualty

Additional Insured Endorsements - After the Work is Done

An endorsement like a CG 20 37 or similar can help provide options for completed operations coverage for additional insureds that might otherwise be overlooked or unavailable.

Group Benefits, Self-funding

ACA Costs and Regulations Drive Self-Funding Down Market

The right self-funded medical plan can provide smaller employers with the same health care advantages already being realized by their larger counterparts. 

Construction

Additional Insured Endorsements – Which Apply?

Additional insured endorsements are not a universal remedy and coverage is contingent on making sure a written agreement or contract is in place, with the named insured specifically adding the people or organizations included.

Casualty, Environmental, Property & Casualty

Placing Insurance Coverage for the EIFS Contractor

Obtaining coverage for Exterior Insulation Finish Systems, or EIFS, use can be a challenge. That's why understanding the intricacies of these commonly used building applications are so critical.

Group Benefits

Three Key Components that Help Employees on the Path to Wellness and Productivity

Physical, mental and financial burdens add to an employee's stress, impacting wellness and productivity. Savvy employers are taking steps to address these sources of tension with wellness programs.

Group Benefits, Voluntary Benefits

What is Critical Illness Insurance?

A common misconception that critical illness insurance is enhanced or supplemental medical coverage for an individual diagnosed with a condition such as cancer differs from the reality that this is a financial benefit.

Casualty, Environmental, Property & Casualty

Environmental Insurance Claims, Part 2: Leading Questions to Determine Client Exposure

In part one of our article series, AmWINS and Rockhill Environmental teamed up to show some examples that can lead to a loss. Now, in Part II, we outline some leading questions to help clients determine environmental exposure.

Casualty, Property

Aviation Insurance Exposures – Consider the Potential

From a simple slip and fall claim to a complex bodily injury or damage to aircraft claim, airports of all sizes are subject to substantial liability. Aircraft and airport operations seem to be very routine in nature, but when the unexpected loss occurs, proper coverage becomes very important.

Workers' Compensation

Self-Insurance in a Monopolistic State Fund

Requirements for receiving and maintaining qualified self-insured status vary by state and can be challenging to comply with for employers with operations in multiple states, although it is frequently done. However, for single-state employers, self-insurance is certainly an option that should be evaluated.

Casualty

The Contractual Liability Exclusion

The extent to which the contractual liability exclusion applies can vary, depending on geography, the applied agreements and even the level of liability that can be imposed under general law. While each case may be unique in its own right, it’s important to examine the variables that can factor into claims to see in which capacity contractual liability exclusions could apply.

Environmental

Environmental Insurance Claims, Part 1: Examples that Can Lead to a Loss

It’s easy to overlook the ways environmental exposures can lead to a loss. That’s why AmWINS and Rockhill Environmental have teamed up to provide a variety of examples that show how claims can arise from these exposures.

Group Benefits, Public Entity (Benefits)

Common-Sense Ways for Public Entity Clients to Lower Health Plan Expenses and Reduce Liabilities

Monitoring soaring employee and retiree health benefit costs and providing cost control solutions have never been more important than today in the public sector. Public entities that explore both alternative insurance structures and administrative enhancements can turn this challenge into an opportunity.

Professional Lines, Property & Casualty

EPL Policies and PEO Staffing Insurance Exposures

When an employer shifts its employees to a leasing agency or Professional Employer Organization, what happens to the employer’s Employment Practices Liability exposures? Without careful consideration, this transition can create coverage gaps and other complications, making consultation with a financial services professional an important part of the transaction to ensure clients are properly covered during this change.

Casualty

Garage Liability Insurance Packages May Reveal Coverage Gaps and Lacking Limits

A close look at a garage liability policy will likely reveal a number of coverage gaps and exposures that could have a dramatic impact on balance sheets in the event of a claim. While these packages are the industry norm, identifying potential gaps and the stand-alone solutions that can supplement the garage package policy will go a long way in helping protect clients before it’s too late.

Casualty

Insurance Claims at Lloyd's – How Does it Work?

Lloyd’s of London has long been recognized as a well-established brand that, through the breadth and depth of coverages offered, is easily identifiable outside insurance industry standards. But how does the claims process work at the world’s most recognizable market, and how is an organization so steeped in tradition managing its claims processes to keep pace with today’s technology?

Property

Contingent Business Interruption Insurance Covers Losses Beyond a Business’ Control

Business interruption is a common coverage that allows a business to recover revenue lost as a result of a direct physical loss or property damage. But contingent business interruption coverage, while less prevalent, provides an additional layer of protection against losses that result from interruptions to supplier or distributor chains which directly impact the insured’s ability to produce products or deliver services.

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