NEW AND EMERGING PRODUCTS It’s not just insurance anymore By Joseph S. Harrington, CPCU More and more, you’ll find that new “insurance products” from commercial lines carriers and intermediaries include more than insurance. Indeed, insurance may not even be essential. With abundant capacity and soft pricing in most lines, markets find that policy features alone rarely provide the payback they’re seeking in terms of market penetration and profit. Increasingly, they
Commercial Lines
Risk Managers’ Forum By Scott E. Bushnell, CPA BUSINESS INTERRUPTION AND NATURAL DISASTERS Case study sheds light on claims adjustment process A recent report, The Allianz Risk Barometer for 2018, lists business interruption as the number one risk facing companies. Number three on the list, and up a notch from the prior year, is natural disasters. The link between natural disasters and business interruption is inextricable. Many small and mid-sized
ONLINE SELLING: DO YOUR CLIENTS KNOW THE RISKS? Recommend coverages for clients who sell products online By Christopher W. Cook I’m a keepsake hoarder. Guilty as charged. But every now and then, I feel the need to declutter and eliminate one of my many boxes of treasures. Online sites like Amazon and eBay are good places to unload your previously prized possessions and make a few dollars on the side.
THE LONGEST EXCLUSION It’s not okay to ignore this (significant) part of the general liability policy Why is it that the longest exclusion in the general liability (GL) policy is totally ignored in insurance program designs by so many insurance practitioners, lawyers, and lenders? In my mind, the answer has as many facets as a diamond. As a full-time specialist broker in environment insurance for more than 35 years, I’ll
Special coverage for special events Ample capacity ready to take on growing risks The rampage that left one dead and 22 wounded at a New Jersey art festival in June only briefly registered on the national news. The casualty count was far less than what Americans have become almost accustomed to seeing in mass shootings; the shooting had no known connectionto terrorism or any international threat, and the victims were
