CAPTIVES FOR COMP An expert weighs the pros and cons of this strategy and discusses the pandemic’s impact on comp coverage By Elisabeth Boone, CPCU Amid the turmoil brought on by the COVID-19 pandemic, high unemployment, and the murder of George Floyd, businesses continue to seek ways to deal with ongoing and new challenges. One of these is workers comp insurance, and an expert in that field is Frank Pennachio,
Specialty Lines
THE CGL POLICY AND CONTRACTUAL LIABILITY A construction industry perspective By Douglas R. Holmes How the concept of “contractual liability” is treated in conjunction with the standard ISO commercial general liability (CGL) policy has been a continuing source of confusion for policyholders, certificate holders, and insurance agents and brokers. This article aims to help clarify how contractual liability is addressed from the standpoint of construction liability policies issued under the
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
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
