“The digital transformation of businesses has created new types of exposures while exacerbating existing ones. No longer are executive risks limited to the office; they now penetrate digital channels both in our work-from-home setup and our traditional workplace.”
With factors like the pandemic, social justice movements, remote work accommodations and more, reviewing employment practice liability exposures is paramount.
Demand for construction and environmental professional liability products is expected to rise this year as construction activity rebounds from the impact of the COVID-19 pandemic.
SEC enforcement activity generally is trending upward. The agency reported that it filed 434 new enforcement actions in fiscal year 2021, representing a seven percent increase over the prior year.
Professional liability, health care and casualty are the three primary underwriting focuses of Bowhead Specialty, founded by serial insurance entrepreneur Stephen Sills.
Allied World’s Kelly Doherty Schaffner discusses her career, the trends in general and professional liability claims and the effects of social inflation.