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Beer brewing has far exceeded its tie-die-shirt-and-Birkenstocks roots to become a billion-dollar industry that has gained increasing attention from the insurance industry, especially in this growing age of specialization.
The Hanover Group is the acknowledged leader among carriers in the craft-brewery space. Hanover’s “Craft Brewers Advantage” product provides coverage for property, automobiles, employees and customers as well as risks associated with transporting the product, Professional Liability, Employment Practices Liability and Fidelity & Crime.
Risk managers looking to utilize their mobile devices for help with their daily risk-mitigation efforts may consider these 10 smartphone and tablet applications designed to assist with such tasks as identifying the effects of a supply-chain disruption; staying on top of emerging exposures overseas; and choosing among deductible options. ...
Everyone’s familiar with the concept of collecting stamps, coins, comic books and even “Star Wars” action figures—but how about collecting surgeons’ tools from the Civil War era or locks of celebrities’ hair?
People in the 18th and 19th centuries collected hair as a keepsake to remind them of loved ones, much as religious people have long kept skull and bone fragments as holy relics. In the world of collecting, what’s old is new again: Hair, clothes and other ephemera belonging to celebrities...
After taking its time to consider the many variables it said would prevent a quick assessment, catastrophe-modeler Risk Management Solutions has finally released its estimate of insured losses due to Superstorm Sandy: between $20 billion and $25 billion.
A lot of so-called “minor” damage can sometimes result in a hefty price tag in the aggregate.
Industry losses from Sandy would need to reach $50 billion in order to materially erode reinsurers’ capital base, according to an analysis by Standard & Poor’s.
A new trade association has been formed to focus specifically on a segment of the property-insurance industry that has seen substantial growth in the last several years: The Council for Insuring Private Clients (CIPC) has its sights on developing best practices for providing insurance solutions to the high-net-worth demographic.
With the latest round of “take-outs,” Louisiana’s last-resort insurer has reduced its policy count 43 percent since it reached an all-time high in early 2008.
When most people think of catastrophe adjusters, they probably envision claims professionals dealing with fallout from weather-related events. But the universe of potential catastrophic claims is far broader than that and is growing—especially in regard to third-party and man-made catastrophes. These can range from environmental disasters and massive transportation snafus to technology crises....
FC&S recently received a question from a subscriber asking about liability coverage for injuries a restaurant employee suffered while on a lunch break from work. The details were a little sketchy (we don’t know the state or exactly how she was injured), but the gist of the situation was that...
New hot spots are developing all the time in regions around the world. In parts of Asia, North Africa, Latin America, the Middle East and the United States, criminal gangs, political turmoil and other threats are creating uncertain and hostile environments. Fast-changing conditions mean that regions can shift unexpectedly from...
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.
Honda said a Takata air bag inflator ruptured in a Civic compact car on Sept. 30 and killed a driver in California, at least the 17th Takata-related fatality in the U.S., Malaysia and India.