Specialty Lines Markets INJURED WHILE WORKING? IT’S HARD TO SAY A healthy workers compensation market encounters unhealthy times By Joseph S. Harrington, CPCU For producers and carriers that provide workers compensation insurance, 2020 is a classic case of seeing a glass half empty or half full, but with the water level constantly changing. The year started with an industry track record of improved underwriting results following softening prices in recent
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CANNABIS CONUNDRUM: THIS BANK IS CLOSED Essential businesses left hanging as a result of federal regulations By Joe Foley Marijuana is legal in 33 states and the District of Columbia. The relatively new cannabis industry has attracted entrepreneurial-minded business owners and investors to the U.S. market from all over the world. This year, the COVID-19 pandemic has had a staggering effect on worldwide economies, all of which have experienced varied
FOCUS ON THE PRIVATE FLOOD MARKET Areas not previously prone to flooding are at risk; are your clients aware? By Lori Widmer A lot has changed since 1968. That’s when the National Flood Insurance Program (NFIP) was created by Congress as a means of enabling property owners to purchase insurance for what was then an extremely difficult risk to model. Yet a combination of better modeling and Congressional overhauls to
Coverholders and Risk Takers By Frank Huver GOOD THINGS COME TO THOSE WHO WAIT Securing underwriting authorities requires a healthy mix of diligence and patience Like most parents, I was tasked with teaching my children about the concept of patience. This was not an easy thing to do, as they were growing up in an era of instant gratification. More often than not, I’d have to resort to repeating one
Specialty Lines Markets FOCUS ON CONSTRUCTION Deemed essential in many states, the construction industry has managed to remain on the job during the worst of the economic shutdown By Lori Widmer There are two 2020 realities: 2020 between January and mid-March, and 2020 amid a pandemic. Thanks to an upheaval in nearly every aspect of the business world, all predictions for 2020 are scrapped. All bets are off for what
