I have been accused of many things, but seldom of being a prophet. Yet there it is, for all the world to see, in my October, 2010 American Agent & Broker article “Reality Bites” about the recent invasion of bedbugs and lack of insurance coverage for some under current personal and commercial forms:

Second, if the [bedbug] issue continues to gather attention and estimated damages escalate, it's possible, particularly in this soft market, that some creative insurance type will dream up a DIC or customized coverage approach, at least for the major commercial risks.

Well, prophecy fulfilled! Last month no less an insurance industry giant than Aon released the first salvo in the war on bed bug pestilence. This was quickly followed by a product developed by Willis.

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