SPECIALTY LINES MARKETS FOCUS ON CONDO ASSOCIATIONS Can common areas reopen? Will there be a silver lining? By Lori Widmer It wasn’t that long ago—2019— when 25% to 27% of the U.S. population lived in a community association, according to figures presented by the Foundation for Community Association Research. Then 2020 and its challenges on everything ushered in a mass exodus to the more spacious suburbs. A Harris Poll in
Specialty Lines
CYBER: PREPARING FOR A TOUGH STRETCH Dose of market reality drives the need to understand true risks and how to manage them By Josh Ladeau Cyber insurers have largely “played the indexes” over the last six or seven years. By this I mean that the prevailing carrier wisdom has been to spread capacity over a wide range of industries with clients of varying size. Some markets were more focused on
CYBER LIABILITY: DATA IN DANGER Understanding where cyber criminals are hitting the hardest and how to protect your clients By Michael Barnett The internet has given us the power to stay connected to each other, to become productive wherever we are as long as we have our devices, and has allowed for streamlined workflows to ease our day. But with all of the positives come the negatives. The downside of
CYBER RISK FOR AGENCIES: HOW TO KEEP OUT THE WRONGDOERS Agencies’ tech systems aren’t bulletproof against risk, so clients and business partners are at risk, too By Brian Bartosh and Doug Mohr In February 2021, New York State’s Department of Financial Services (DFS) published a cyber fraud alert. The alert was in response to reports of malicious behavior in an attempt to steal nonpublic personal information (NPI) from instant quote
UNDERWRITING REQUIREMENTS IN THE NEW ERA OF CYBER RISK The current ransomware threat has proven to be far more challenging to address than data breach risk By Jacob Ingerslev Since its creation in the late 1990s, cyber insurance has gone through several evolutionary changes both in terms of the coverage provided in cyber policies and the process through which underwriters assess cyber risk. While the dynamic nature of cyber risk
