Despite delays in the employer mandate, the Patient Protection and Affordable Care Act already is impacting the community of brokers who are looking to increase their role as a trusted advisor to both businesses and consumers.
As premiums have grown, so have insurers IT budgets. But despite all the buzz around newer technologies, the three big areas of investment for insurers continue to be traditional areas of legacy system replacement, business intelligence and portals.
As premiums have grown, so have insurers IT budgets. But despite all the buzz around newer technologies, the three big areas of investment for insurers continue to be traditional areas of legacy system replacement, business intelligence and portals.
While both public and private educational institutions face many of the same types of claims, the climate is arguably more hazardous for private institutionswhich dont enjoy the liability protections afforded to government entities in many states.
Over the years, schools have conducted endless fire drills, tornado drills and even in the heyday of nuclear threatduck and cover bomb drills in an ongoing effort to make the learning environment safer. Today, in the wake of school shootings, a growing number of schools are conducting active shooter drills...
Heres your first lesson: For the most part, the market for insurance cover for educational institutions is not wholly hardening. Rather, according to those who operate in it, the word that best describes the state of this market is stabilizing.
Although headquartered in New York, Transatlantic Reinsurance Company (TransRe) lives up to its name, writing business on both sides of the Atlanticand the Pacific as well. Being domiciled in the U.S. gives the company significant advantages that offshore reinsurers cant offer, according to President and CEO Michael Sapnar.
Brokers report that interest among buyers for Contingent Business Interruption (CBI) insurance peaked after the 2011 catastrophes in Japan and Thailand.
The director of strategic business risk management at the carrier discusses the types of supply-chain questions now being asked of clientsand how the answers directly affect limits and pricing
With a manufacturing process that involves a global supply chain, automaker Ford has had layers of CBI coverage in place for years. The importance of that coverage, structured by Marsh, became apparent after the Japanese earthquake and tsunami. Although Ford cant comment on total claim payments, simply evaluating the magnitude...
