Commercial Lines

Analysis Commentary

InsurTech & the latest trends in core systems purchasing

Karen Furtado | May 21, 2018

Many of today’s innovative new insurers & MGAs see value in the core systems that incumbent insurers & MGAs already use.

News

Around the P&C insurance industry: May 16, 2018

Denny Jacob | May 16, 2018

News from HUB International Limited, Prime Risk Partners Inc., AssuredPartners Inc. and more.

Expert Opinion

Severe weather crisis plans are more important than ever for law firms

Elizabeth Lampert and Lara Cupit | May 16, 2018

Law firms, like all businesses, need to consider a range of weather scenarios that could affect their operations, as well as their employees.

Analysis

Insureds: Incomplete documentation can hurt your coverage

Steven A. Meyerowitz | May 15, 2018

As this fire insurance lawsuit proves, when it comes to comprehensive coverage, it’s all about the paperwork.

News

Piece by piece: The state of affairs in the construction industry

Denny Jacob | May 14, 2018

The industry hasn't changed too much, but the biggest challenge is finding skilled labor due to a number of factors.

Research

Most small business owners feel they don't have adequate insurance

Victoria Prussen Spears | May 14, 2018

The top three concerns of small business owners include data breaches, loss of employees and business interruption.

News

Axa's IPO flop shows investor dismay at insurer's strategy

Fabio Benedetti-Valentini, Alex Barinka and Katherine Chiglinsky | May 10, 2018

The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.

News

Fla. man gets 9 years for filing $1.2M in fraudulent insurance claims

Steven A. Meyerowitz | May 10, 2018

The trucker filed false claims for refrigerated cargo purportedly spoiled in transport by his trucking companies.

News

Around the P&C insurance industry: May 9, 2018

Denny Jacob | May 09, 2018

News from Philadelphia Insurance Companies, Lockton, H.W. Kaufman Group and more.

News

House Committee on Education & the Workforce discusses opioids and federal employees

Denny Jacob | May 09, 2018

The opioid crisis that currently exists in the U.S. has been fermenting since the 1990s.

News

We can’t fix all the new vulnerabilities, so let’s fix the system

Matthew Honea | May 08, 2018

Companies need to establish programs that work. Otherwise, they are simply asking to leak their important vulnerability information to dark places.

Market Insights

How to sell the value of cyber liability insurance

Joyce Anne Grabel | May 08, 2018

Many businesses remain unconvinced of the need to purchase cyber liability coverage.

Analysis

Volcanoes, hot lava and insurance claims

Christine G. Barlow, CPCU | May 07, 2018

If you're in Oregon, Alaska, California, Washington and Wyoming, as well as Hawaii, you too could be at risk from volcanic eruptions and their aftermath.

Best Practices

Shaping up for summer: Top 4 risks for fitness facilities

Brian Rawlings | May 07, 2018

With new trends in fitness popping up almost daily, health club owners should keep up on the associated risks.

Best Practices

Hurricane season ahead: Keys to disaster preparedness & recovery for businesses

Jayleen R. Heft | May 07, 2018

Companies must prepare for the worst, reducing potential losses and minimizing risk before a natural disaster happens.

News

Calif. approves first coverage for property owners leasing to cannabis industry

Steven A. Meyerowitz | May 03, 2018

California Mutual Insurance Company was approved to add lessor’s risk coverage.

News

AIG sees Q1 profit decline

Brian Louis | May 03, 2018

Insurance results were hurt by catastrophe costs and a decline in net premiums written.

News

The state of the P&C industry's social media presence

Denny Jacob | May 03, 2018

Are social media content programs effective? What content actually drives engagement from their followers? These are questions companies must ask themselves from time to time.

Commentary

Claims management equals risk management

Farhana Alarakhiya | May 03, 2018

Having a real-time view of potential exposures from extreme weather and other such catastrophes is a critical advantage.

News

Around the P&C insurance industry: May 2, 2018

Denny Jacob | May 02, 2018

News from Munich Reinsurance America Inc., Allianz Global Corporate & Specialty, the Travelers Institute and more.

News

Key takeaways from Marsh's 'The Internet of Everything' report

Denny Jacob | May 01, 2018

The latest report from Marsh notes that the rise of IoT devices is changing the cyber risk landscape — and not necessarily for the better.

Analysis

Using multistage offset models to cross-sell products, create growth

Dheeraj Pandey | May 01, 2018

You have the capability to use the data you currently have to find the right customer the right product at the right time.

Best Practices

5 tips for tackling the risk of embezzlement

Tamara L. Hajjar, CFE | May 01, 2018

Embezzlement can affect any kind of organization of any size. Here are five things you can do to protect your business.

News

We're careless with passwords & it puts us at risk, study says

Danielle Ling | April 30, 2018

A new HSB and Munich Re study examines Americans' password choices and how they may be inadvertently putting themselves at risk.

Commentary

Cyber insurance has a sting in the tail

Andrew Coburn | April 30, 2018

Shifting trends in the cyber risk landscape reveal the potential for large correlated losses.

News

Top 10 best cities to start a business in 2018

Denny Jacob | April 30, 2018

For businesses willing to be headquartered outside the 'mainstream cities,' there are a number of up-and-coming cities worth exploring.

Profile

RiskGenius wants to organize your policies with machine learning

Denny Jacob | April 26, 2018

"The ultimate goal is to connect all this information. If you have a contract that has insurance requirements, how does that connect to the insurance policy itself?" says Cheatham.

News

Huge fines await companies unaware of GDPR's broad scope

Eric Lidman | April 26, 2018

Failure to comply with Europe's new data protection laws exposes U.S. companies to potentially catastrophic expenses.

Market Insights

Increasing underwriting challenges in D&O insurance

James B. Auden, CFA | April 26, 2018

Although representing about 1% of the insurance market, D&O liability insurance claims can cost a company millions of dollars.

Case Study

Is a self-storage company's 'protection plan' considered 'insurance' in California?

Steven A. Meyerowitz | April 25, 2018

Was a self-storage company’s indemnity agreement subject to regulation as insurance under the California Insurance Code or was 'incidental' to the 'principal object and purpose' of renting storage space?

News

Driverless Ubers? New study shows who would get in

Danielle Ling | April 25, 2018

New data from insuranceQuotes.com identifies who would most likely embrace autonomous vehicles and driverless rideshares.

News

Around the P&C insurance industry: April 25, 2018

Denny Jacob | April 25, 2018

News from InsureSign, GuideWell Insurance Agency, SterlingRisk Insurance and more

Analysis

Liquor liability exposure and coverages

FC&S Editors | April 25, 2018

Coverage Q&A: The standard liquor liability exclusion applies to any insured that is in the business of manufacturing, distributing, selling, serving, or furnishing alcoholic beverages.

News

Goldman Sachs says insurers' investment risk appetite cooling on U.S. fears

Julie Edde | April 24, 2018

Goldman Sachs’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial crisis.

News

Top 15 writers of ‘other liability’ insurance for 2017, as ranked by NAIC

Rosalie Donlon | April 24, 2018

Here’s a look at the top 15 writers of other liability insurance by direct premiums written, as reported by NAIC.

News

3 tips carriers should know when it comes to customer retention

Denny Jacob | April 24, 2018

Customers will always be the lifeblood of the insurance industry, and so carriers must find new and innovative ways to keep them around for the long haul.

News

Don't eat romaine lettuce, U.S. says, as E. coli outbreak widens

Craig Giammona and Megan Durisin | April 20, 2018

The outbreak has sickened 53 people in 16 states, including 31 who were hospitalized, according to the agency. The CDC said five victims have developed kidney failure.

Infographic Analysis

Are agents really that satisfied with their P&C carrier partners?

Shawn Moynihan | March 12, 2018

2018 Agent Study reveals the level of satisfaction with insurers, and how producers perceive the quality of commercial carriers.

Expert Opinion

The 5 big initiatives in commercial lines

Deb Smallwood | March 09, 2018

Commercial lines insurers are more aggressively looking to go beyond business as usual.

News

Couple charged with workers' comp fraud after crashing Mercedes during joyride

Steven A. Meyerowitz | March 07, 2018

More than $45,000 was paid by the workers’ compensation insurance company for medical bills and wage indemnity benefits for the allegedly fraudulent claim.

News

Insurance executives highlight industry's philanthropic causes at IICF's 2018 Media Roundtable

Denny Jacob | March 06, 2018

Representatives from 15 companies highlighted their philanthropic acts from last year and what hope to accomplish in the remaining months of 2018.

Market Insights

5 things to know about Side A D&O coverage

Steven Gladstone | March 06, 2018

Many companies are looking for insurance coverage for their directors and officers. Here are some tips on what to ask your broker before buying.

News

Axa agrees to buy XL Group for $15.3 billion

Fabio Benedetti-Valentini, Matthew Monks and Dinesh Nair | March 05, 2018

Axa SA agreed to buy XL Group Ltd. for $15.3 billion in cash, the biggest-ever European acquisition of a U.S. insurer, sending its shares plunging.

News

4 cyber readiness benchmarks for 2018

Denny Jacob | March 02, 2018

Hiscox released its 2018 Cyber Readiness Report to help companies understand and manage cyber risk.

Insurers eyeball automated vehicle autopilot issues

Karen L. Sorrell, CPCU | February 28, 2018

Insurers and agents may need to step in and educate their insureds as manufacturers continue to add more computerized driver assist features to vehicles.

Marijuana and insurance policy disputes

Hannah Smith | February 28, 2018

The lack of uniform cannabis laws creates some coverage confusion for insurers.

Editor's Note: Taking a closer look at liability

Patricia L. Harman | February 28, 2018

Stop and think for a minute – how many devices do you use on a daily basis that have batteries? Your cellphone, laptop, tablet, television remote,…

Market Insights

D&O liability trends

Jane Mandigo | February 28, 2018

Almost 300 D&O actions were filed in 2016 and the filing frenzy continued well into 2017.

Market Insights

Who's liable for the property loss?

Kevin F. Keeley | February 28, 2018

If the tenant causes property damage, should the landlords insurance pay?

Market Insights

When marijuana collides with the claims industry

Susan Daniels, Mike Neroda | February 28, 2018

Cannabis claims can involve some unique customers and issues. Finding the truth will take a thorough investigation.