COVID’S EFFECT ON COMP Agents and brokers must diligently watch how the pandemic affects client audits By Kevin Ring You could be in the insurance business 25, 30, even 40 years, and you would never have seen this coming. The 2020 pandemic created a viral train wreck that either disrupted businesses or caused them to fail altogether. At the same time, even in the midst of a crisis, some businesses
Commercial Lines
Dig a Little Deeper By Bruce Hicks, CPCU, CLU Telling it like it is Business and personal policies fell short, but didn’t need to The Court Decisions column is a popular feature in Rough Notes magazine, in part because the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with an actual
Risk Managers’ Forum By Cathariya “Cat” Ferris UTILITY SERVICES COVERAGE: AN OFTEN-OVERLOOKED ENDORSEMENT What happens when a loss is caused by damage from a covered peril to property away from the insured’s premises? Hector, a restaurant owner, saw the news and knew that the hurricane was heading toward the Florida coast. Being nearly 70 miles inland, he wasn’t too concerned about catastrophic winds or any potential storm surge, but he
Dig a Little Deeper By Bruce Hicks, CPCU, CLU HOLD YOUR NOSE Flooding is an age-old property event that affects personal and commercial insureds The Court Decisions column is a popular feature in Rough Notes magazine, in part because the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with an actual
WORKERS COMP AND COVID-19 Agents should be looking at premium audits with great care By Dennis H. Pillsbury Unfortunately, employment and the economy have taken serious hits due to the pandemic. As of this writing in early December, there are still approximately 20 million Americans who are unemployed and, although this represents an improvement from the early days of the pandemic when a shutdown of the economy occurred, all agree
