FOCUS ON EMERGING P-C PRODUCTS New products address a variety of emerging needs By Lori Widmer For the last decade, much attention in the property and casualty sector has been paid to risks associated with climate. As the U.S. struggles to address climate change, insurers have been laser-focused on how to handle the increasing exposures to a rapidly changing environment from an underwriting perspective. This has led to products being
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Specialty Lines Markets MORE RISKS FLOW TO E&S MARKETS, BUT AT WHAT COST? Property CATs and “social inflation” making agents and brokers work harder By Joseph S. Harrington, CPCU Would you expect to receive more money after two consecutive years of “weak results”? That’s what happened to the U.S. excess and surplus (E&S) lines business in 2018, according to Fitch, a leading financial rating agency. The firm’s latest annual review
Specialty Lines Markets FOCUS ON SECURITY Active shooter incidents may be creating a hardening market in the sector By Lori Widmer Security is now an industry that uses the term “soft target.” For security firms and their insurers, probability and frequency have combined to create what many are deeming a hardening market. A large part of the reason for that hardening can be traced to active shooters. With approximately 334
Dig a Little Deeper By Linda Ferguson, CPCU FILLING GAPS IN LIQUOR LIABILITY COVERAGE Endorsements can protect your nonprofit clients The Court Decisions feature of Rough Notes magazine and Court Cases in the PF&M Analysis, a publication of The Rough Notes Company, are popular with our readers. One reason is that the courtroom is where the promises made in an insurance contract become real. All insurance professionals can develop “what
Risk Managers’ Forum By Mark Gaskamp, CIC, CRM, CPCU, ARM, CSP, ALCM, CPSI SUBCONTRACTOR QUALIFICATION—IT’S ABOUT MORE THAN CHECKING A BOX Consistency is important, but so is a certain level of flexibility What makes a good subcontractor or vendor from a risk management standpoint? Whether your client is an owner hiring a new vendor or contractor, or a prime contractor hiring a lower-tiered subcontractor, selecting the right trade is vital
