BUSINESS INCOME AND COVID Looking for possible solutions to pandemic-driven financial woes By Dawn Jackson The past few years have been taxing on every business in some way. Unless you have been shipwrecked on a deserted island, you know that in 2020 nearly every state ordered businesses to close or limit operations to “slow the spread.” According to Statista.com, only 26% of small businesses were unaffected by the shutdown. We
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FIVE REASONS WHY EMPLOYERS LIABILITY IS IMPORTANT Be aware of workers compensation loopholes By Paul Martin, CPCU The workers compensation system is a fascinating compromise. Before workers compensation laws were passed by state legislatures, workplace injuries were resolved using tort law, where the employee could pursue a claim of injury against the employer, and the employer defended itself with standard arguments against claims of negligence. This system for resolving
FOUR THINGS INSURANCE PROFESSIONALS SHOULD KNOW ABOUT “FOREVER CHEMICALS” No matter where you live, you and your family are exposed [M]ichigan has identified over 200 forever chemical contaminated sites in the state. Experts estimate that this number will grow to 11,000 … . By Chris Bunbury If you are not familiar with per- and poly-fluoroalkyl substances such as PFAS/PFOA chemicals, you should be. Also known as “forever chemicals,” PFAS/PFOA chemicals
CHALLENGE AND CHANGE Beazley report raises concerns for agents and brokers By Elisabeth Boone, CPCU Events so far this year have significantly altered how business leaders see the risks they face. Also altered is how the leaders perceive their resilience to these risks—a perception that has fallen dramatically since 2021. The findings are contained in Beazley Group’s latest Risk & Resilience research into geopolitical risk, which was published in June.
IS THERE COMMOTION TO COME ABOUT (UN)CIVIL COMMOTION? Insurers must think clearly about what constitutes “civil commotion” and what protection insureds can reasonably expect By Joseph S. Harrington, CPCU One does not have to believe that North America is on the brink of civil war to recognize that there is profound frustration at both ends of the political spectrum. As this blog post is being written, federal, provincial, and local
