Coverholders and Risk Takers By Francis J. “Frank” Huver FOLLOWING THE BLUEPRINT Lloyd’s of London initiative aims to build most advanced marketplace in the world Lloyd’s of London is the world’s oldest and most recognized insurance brand. The market began sometime around 1686 at Lloyd’s coffee house—a place popular with sailors, merchants, and ship owners. The location soon became recognized as a center for securing marine insurance. In the intervening
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CARGO INSURANCE Providers prepare to meet the need as supply chains are re-established By Joseph S. Harrington, CPCU Looking back on 2020, ocean marine producer Brendan Neligan with Risk Placement Services (RPS) says that “the pandemic nearly brought supply chains to a halt.” Now that those supply chains are re-opening in the wake of COVID-19, cargo insurers—both ocean and inland—must adjust to new conditions. An indicator of the disruption wrought
A LOOK AT THE ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE MARKET A hard market brings price increases and higher deductibles By Lori Widmer There isn’t a line of business that wasn’t impacted in 2020. The overall insurance market, which was soft for many years, finally succumbed to the times. In its place, a hard market like no other has emerged. According to a market survey by Ames & Gough, claims
LEVERAGING TELEMATICS FOR CONSTRUCTION CLIENTS Agents can play a key role in ensuring that measures are in place to prevent added expenses By Ivan Castaño Agents working with commercial clients understand the importance of strong business auto coverage for customers with fleet vehicles. But even with the best coverage, determining liability in an accident involving a fleet vehicle can be complicated and sometimes leaves businesses as easy targets for lawsuits.
Coverholders and Risk Takers By Frank Huver IT’S NO LONGER “BUSINESS AS USUAL” Suggestions to make a new program submission more appealing Benjamin Franklin has a number of historical achievements to his credit. He was an inventor, statesman, and publisher. One of the most significant periodicals attributed to him was the Poor Richard’s Almanack. The pamphlet contained the calendar, weather, astronomical and astrological information—data that a typical almanac of that
