Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
More than half of those residing in the Midwest say they are not well prepared for the aftermath of natural disasters or severe weather, compared to 49% of Americans overall.
Due to the relatively low wind speeds (compared to hurricanes), the average claim size is expected to be low, according to catastrophe modeling firm AIR Worldwide.
According to Standard & Poor's Rating Services, insurers in many regions will have to deal with tighter capital standards, weak pricing due to excess capital or stricter controls on product design and distribution in some markets.
According to a recent South Carolina Supreme Court ruling, the dancer was an employee of the gentlemens club where she danced and entitled to workers comp after she was injured in a shooting at the club.
A recent survey of risk managers revealed they desire a strategic relationship with their brokers, not just purchase insurance coverage through them. Here's how to forge that bond.