Allied World’s Joyce Duarte talks to Risk & Insurance about opportunity within professional lines management and what risks are proving difficult for underwriters.
When professional services firms are sued by clients, the likelihood of an insurance claim increases when the client suffers a significant loss. Now’s the time to get a grip on the claims landscape and prepare risk management tools to assess and address exposures.
AIG-veteran Glenn Clark has built an enviable career in commercial insurance. The founder of Target Markets, he is now owner of Rockwood Programs, a specialist in the management and professional liability space.
After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.
Telehealth is likely to remain a main avenue for receiving health consultations. It is also likely to experience hiccups along the way. Insurers need to accept both realities.
It seems clear that telemedicine is here to stay, which means the insurance industry has a need to fill to match this emerging exposure with policy language to suit and coverage to follow.
While avoiding the risk of community spread by having classes exclusively online is not feasible for many colleges, the risk of spreading the virus can be reduced by banning all mass gatherings, including college football practices, on campus.
Criminal law professor Deborah Ramirez says it’s time for mandatory professional liability insurance for police officers. Will insurance step up to help?
When it comes to COVID-19 economic damage, some industries have been hit much harder than others. D&O underwriters are sure to be asking COVID-19-specific questions at renewals.
With prices rising, experts advise insurance buyers to start the renewal process early, and to be prepared to differentiate their risk mitigation strategies.