Dig a Little Deeper By Bruce D. Hicks, CPCU, CLU RAILWAY, HOIST, OR DOCK? Communication is key to setting reasonable expectations The Court Decisions column is a popular Rough Notes magazine feature. One reason is that the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with an actual loss and a
Commercial Lines
Mind the Gap By Marc McNulty, CIC, CRM DIRECTORS AND OFFICERS LIABILITY: A PRIMER Guidelines for placing a client’s first D&O policy As a producer who’s still relatively new to the industry, you’ve mastered personal lines and small commercial lines, so now you’re ready for your next challenge. Perfect timing: The phone rings and a client asks you about D&O liability, as they recently read something about it online. You’re
COMMERCIAL INSURANCE: What’s next? A hardening market with still-abundant capital means carriers will respond to the right risks By Joseph S. Harrington, CPCU At the start of 2020, much of the talk in commercial insurance seems to center on rate hikes and tightened underwriting in both property and liability lines. This apparent hardening of the market comes at a time when earnings have been hit by property catastrophes and growing
PUT IT DOWN How are you making sure your clients are safe behind the wheel during Distracted Driving Awareness Month and beyond? By Christopher W. Cook April is Distracted Driving Aware- ness Month, and one insurer is pushing for hands-free laws in all50 states, as the ones that have already passed such legislation—only 21 states and the District of Columbia as of February—have seen an average 15.3% decrease in vehicle
Risk Managers’ Forum By Richard (Dick) G. Clarke, CIC, CPCU, RPLU EXECUTIVE LIABILITY RISKS Tracking the exposures and insurance options Executive liability insurance encompasses directors and officers liability, employment practices liability, and fiduciary liability. Each area has specific exposures; common claims allegations; focused legislation at the national, state and local levels, and available coverages. Ample coverage is available for private companies, including family businesses, and nonprofit organizations. The market is
