By: Michael G. Hoy, J.D.
As some companies and nonprofit entities are painfully aware, an entire cottage industry of plaintiff attorneys who target public establishments for noncompliance with the Americans with Disabilities Act (ADA) has existed for many years. Previously, those attorneys focused on the ADA compliance of physical features of the bricks-and-mortar premises of public establishments—primarily, whether facilities or transportation vehicles are properly accessible for individuals with physical disabilities.
|GL/ E&O Sexual Abuse||$1M / $3M||$60,000||Foster Care having coverage non-renewed|
|Reps and Warranties||$6M||$185,000||$31M transaction size|
|Private D&O / EPL||$2M||$40,474||Celebrity backed “beauty” experience|
|NakedD&OTail||$10M (2 carriers)||$100,000||No previous D&O cover & placed D&O tail coverage post acquisition|
|D&O/EPL / Educators Legal||$3M||$106,000||School District with claims history|
|MedMal E&O /Tech E&O /Cyber/GL||$1M / $3M||$9,475||Telemedicine service providing testosterone replacement therapy|
By: Judy Greenwald
Policyholders are facing significant increases in their directors and officers liability insurance for the first time in several years, and some experts expect the trend to continue over the next 18 to 24 months. Securities class actions and litigation following high-profile events are leading drivers for recent price hikes in the sector, they say…
By: Andra Zaharia
With global cybercrime damages predicted to cost up to $6 trillion annually by 2021, not getting caught in the landslide is a matter of taking in the right information and acting on it quickly.
We collected and organized over 300 up-to-date cybercrime statistics that highlight…
By: Bethan Moorcraft
Social inflation is pushing up liability loss costs in the professional lines space. It’s a tide that has turned slowly over the past decade, with long-tail liability claims only now starting to impact on insurers’ loss reserves. As a result, the professional lines insurance space – which can incorporate coverages like professional liability, directors & officers, errors & omissions, general liability, and cyber insurance – is starting to tighten up and premium rates are firming…
By: Frank Scott, A.C.I.I., C.P.C.U.
Many recent events have made us realize there is a need for most industries to think about carrying coverage for “Active Shooter/Active Assailant Insurance” which can be defined as coverage for a premeditated, malicious physical attack by an active assailant at a covered location, who is present and armed with a weapon (including handheld instruments, small arms, explosives and vehicles)…
|Wind/Hail Only||$3,500,000||$26,000.00||Co-Op in Broward County|
|Package - Prop/GL/HNOA||$1,864,978||$8,606.00||Office Building - LRO in Cape Coral, FL|
|Builders Risk Key West||34mil||$199,000||County Buildings|
|Deadly Weapons Protection||35mil||$114,000.00||Marathon and Festival in Las Vegas|
|Property w Wind||22mil||$85,000.00||Warehouses|
|Excess liability||5mil lead excess||$102,000.00||Distributor of Concession Products|
By: Jim Sams
The company that helped make driver safety monitoring ubiquitous among auto insurers is now offering a product that can write accident reports within minutes of a crash.
Cambridge Mobile Telematics (CMT) announced the launch of Claims Studio, an accident reporting system that the company says will speed up claim processing times…
By: Rodney T. Nubin, Senior Vice President and Casualty Practice Leader
All industries have cycles of contraction and expansion or in insurance terms hardening and softening. Typically the contraction or expansion, regardless of the industry, will last between two to ten years. What’s been unusual about our industry is the soft market started as far back as 2004. From 2004 to around 2012 we experienced a truly soft market. Around 2012 the market bottomed out. From 2012 until about 2017 we have seen pockets of the market attempt to harden only to experience moderate softening again in the years to come…