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Commercial Lines

    RIMS 2017: A RISK REVOLUTION

RIMS 2017: A RISK REVOLUTION

Philadelphia plays host to this year’s gathering of risk management professionals Nearly a quarter-millennium after our nation’s revolution, 10,000 or so risk management professionals and their business partners from around the world are planning a revolution of their own—a risk revolution. And it will take place in the very city where our founding fathers signed the Declaration that grew out of their revolution—the City of Brotherly Love. The event—The 2017

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    Not All BOPs Are Created Equal

Not All BOPs Are Created Equal

Mind the Gap Understanding how company-specific versions of forms deviate from ISO’s So far our Mind the Gap column has focused on personal lines issues and coverage gaps for young agents and/or those who are new to the industry. This month we’ll take a detour and venture into the world of commercial lines insurance. Specifically, we’ll explore issues related to the businessowners policy (BOP), which is the commercial lines equivalent

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    D&O INSURANCE: PROTECTING BUSINESS “ELITES” ACROSS NATIONAL LINES IN A POPULIST AGE

D&O INSURANCE: PROTECTING BUSINESS “ELITES” ACROSS NATIONAL LINES IN A POPULIST AGE

A new administration poses fresh challenges for D&O carriers and their insureds “Yankee, stay home!” In light of recent political developments, directors and officers of U.S. corporations might be inclined to take that imperative as good advice. The British referendum vote to leave the European Union, Donald Trump’s election as president of the United States, and the rise of nationalist political parties in Europe all share a common driver: popular

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    REFINING RISKS: COMMERCIAL INSURANCE IN THE ENERGY SECTOR

REFINING RISKS: COMMERCIAL INSURANCE IN THE ENERGY SECTOR

ISO Emerging Issues Perspective Robust data is an essential underwriting tool In a sector rife with market volatility and other unknowns, Big Oil often carries outsized exposures. Unlike general property insurance for commercial enterprises, where the law of large numbers sharpens underwriting for more than 5 million buildings, data on the roughly 135 oil and gas refineries operating in the United States is relatively slim. The energy insurance market is

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    THE EMERGING RISKS OF ROBOTICS IN THE WORKPLACE

THE EMERGING RISKS OF ROBOTICS IN THE WORKPLACE

Risk Management Caution: Maintain a respectful distance When I was a young boy, I loved the TV show Lost in Space. The family had a robot that was a trusted companion to their son, Will Robinson. The robot was famous for saying, “danger, danger” and waving its mechanical arms whenever it detected a threat. Fast forward 50 years and robots are becoming more and more a part of our lives

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