NAVIGATING A HARDENING CYBER INSURANCE MARKET With risks increasing, insurers look at the broader book of business regarding cyber By Lori Widmer Even the new kid on the block experiences growing pains. Such is the case with the cyber insurance market, which enjoyed rapid expansion and plentiful availability from its infancy through 2018. However, by 2019, carriers were beginning to feel the pressure stemming from more frequent and severe claims,
Specialty Lines
Specialty Lines Markets PROFESSIONAL LIABILITY INSURANCE Market hardens as carriers reduce capacity and limits By Joseph S. Harrington, CPCU When times get tough, you discover who really has your back. Well, times are tough for professionals seeking professional liability insurance. That includes insurance agents and brokers, who have seen carriers they relied on for protection head to the exits, according to the 2021 Management and Professional Liability Market Outlook study,
MANUFACTURERS E&O Carrier tackles four myths about the product By Christopher W. Cook Every so often in the news we hear about product recalls caused by manufacturing errors. Tainted lettuce causes a salmonella outbreak. Loosened straps on a highchair become a choking hazard. Medicine capsules that are 10 mg get packaged incorrectly in bottles labeled 20 mg. While product recalls can lead to dangerous and tragic situations, they remind me
PROGRAM BUSINESS RESILIENCE, OPTIMISM AND GROWTH With valuation in the program space as strong as ever, where the market goes over the next several years is anyone’s guess By Ray Scotto As we hopefully continue to emerge from the worst of a global pandemic, business owners are taking stock of how their operations were impacted and how best to position themselves to take advantage of a rebounding economy. While there
By helping them to put the right measures in place, you can solidify your value and enable nonprofits to continue delivering on their mission, even in the face of disaster. HURRICANE SEASON IS HERE Take steps to help ensure your clients are prepared for weather-related exposures By Chris Hale If forecasts by the National Oceanic and Atmospheric Association (NOAA)’s Climate Prediction Center hold true, this year’s Atlantic hurricane season may be
