Commercial Lines

Stakeholders seeking reauthorization of the Terrorism Risk Insurance Act are holding an emergency meeting today to discuss next steps in the wake of an alarming draft House bill that would effectively phase out the program over three years.

Many companies aren't willing to give up on their legacy systems just yet. The risk lies in trading the known for the unknown. Systems contain business rules that reflect decades of company history, records of products and customers, data that can be mined and other valuable assets.

As construction heats up, producer opportunity abounds in selling cover for enlarged vehicle fleets, as well as CGL and E&O protection against defaults. But the hiring of inexperienced workers and rehiring of long-absent ones spur new claims.

In a sign that the U.S. economy is on the (gradual) upswing, the entrepreneurial rate in the U.S. is now higher than it was at the height of the dotcom bubble of 15 years ago, according to the Kaufman Index of Entrepreneurial Activity (KIEA)which currently lists more than 20 million...

5 Steps to calculate business interruption coverage

When selecting a workers comp TPA, the No. 1 priority is to contain the adjuster's caseload. But what else do risk managers look for in a third-party administrator?