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Specialty Lines

    CYBER RISK: A CAPTIVE APPROACH

CYBER RISK: A CAPTIVE APPROACH

CYBER RISK: A CAPTIVE APPROACH Smaller businesses—not just large corporate entities—can reap the benefits By Michael J. Moody, MBA, ARM Emerging risks have always been a challenge for the property and casualty insurance industry. Staying out in front of these new and evolving risks has proved problematic in the past. Take cyber risk as a case in point. Among the many difficult challenges are the lack of consistent coverage and

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    LEGAL CANNABIS: WHERE WE ARE AND WHERE WE’RE GOING

LEGAL CANNABIS: WHERE WE ARE AND WHERE WE’RE GOING

LEGAL CANNABIS: WHERE WE ARE AND WHERE WE’RE GOING The industry offers both challenges and opportunities By Patrick McManamon If you’ve been looking to target an industry that is emerging, exciting, and guaranteed to be around for the foreseeable future, the cannabis industry is a niche to consider. According to Gallup, 66% of U.S. adults supported marijuana legalization in 2019, compared to only 31% who supported it in 2001. Partly

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    LLOYD’S OF LONDON: CHALLENGES AND SOLUTIONS

LLOYD’S OF LONDON: CHALLENGES AND SOLUTIONS

Coverholders and Risk Takers By Frank Huver LLOYD’S OF LONDON: CHALLENGES AND SOLUTIONS The venerable market retools to “build the most advanced insurance marketplace in the world” Lloyd’s of London is the world’s oldest and most recognized insurance brand. Since beginning in a coffee shop over 330 years ago, it has developed a reputation for being an innovative pioneer in our industry. For example, did you know that Lloyd’s issued

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    FOCUS ON THE CARGO INSURANCE MARKET

FOCUS ON THE CARGO INSURANCE MARKET

FOCUS ON THE CARGO INSURANCE MARKET Rising claims and shrinking capacity cause market firming By Lori Widmer The soft market, at least by some accounts, is over. According to the Willis Towers Watson Insurance Marketplace Realities 2020report, the entire industry is experiencing price increases, “many sizable, for more lines of insurance than we’ve experienced in recent memory.” With more businesses paying more for coverage, the shift in the industry’s fortunes

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    BOAT INSURANCE

BOAT INSURANCE

Specialty Lines Markets BOAT INSURANCE The recreational boat market has recovered—but has changed; be prepared By Joseph S. Harrington, CPCU Boating is back, modestly overall, but in a big way for insurers and producers prepared to manage liability exposures for a growing range of risky recreational activities. Registered boat ownership in the United States rose steadily to a peak of about 13 million in 2005, but fell from 2008 through

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