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The professional liability market for architects and engineers is continuously adapting to new trends and challenges. These shifts bring both opportunities and obstacles for brokers and design professionals. While there remains a strong interest in this sector and many insurers …
This edition of International People Moves details appointments at Tokio Marine HCC International and the broker Miller. Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability Tokio Marine … A summary of these new hires follows here.
Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …
Brown & Riding, headquartered in Dallas, named Wes Benefield to its national management and professional liability practice as senior vice president and broker, D&O, E&O and cyber. Based in Fort Worth, Benefield has over 11 years of combined retailer, carrier …
CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …
to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. Guy Carpenter was the broker of … RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. The deal is effective from Jan.
Broker Lockton early this week issued its outlook of the mostly buyer-friendly U.S. property/casualty market with eye on potential changes in directors and officers liability. The latest edition of the Lockton Market Update noted public and private D&O insurance buyers …
The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and …
However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities.
How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. Whether you’re a small business owner, contractor, or entrepreneur, understanding liability risks is crucial for survival.
Join Us The post Brokers launch port disruption insurance appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?
ARC was founded in 1986 by Chris Cavallaro as a boutique management and professional liability wholesale broker, and then later … Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed.
As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. What Is a Cyber Insurance Broker? Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.
From kitchen fires and equipment breakdowns to liability claims and utility outages, restaurants operate in an environment where a single incident can lead to costly interruptions or legal exposure. General Liability Coverage Restaurants are high-traffic spaces. What is a Business Owners Policy (BOP)?
Hailstorms , winter storms, and tenant-related liabilities can lead to significant financial losses if landlords are not properly insured. Insurance companies and brokers play a key role in mitigating these risks by offering specialized landlord policies. Why do Your Clients Need Specialized Landlord Insurance in Colorado?
Insurers, agents and brokers are grappling with rapidly evolving risks that are becoming increasingly complex. Insurance and broker executives face a critical strategic question: how can they continuously calibrate their business to compete amidst growing uncertainty, new risks, and structural economic changes?
Gregory Murray has resigned from his role as Divisional Director (Marine) at Howden Broking (Insurance) and will join the expanding marine liability team at Ark. The broker will join the marine liability team within the new Ken Syndicate 3832.
Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. An MGA bridges the gap between insurers and distribution channels like agents, brokers, and online platforms, particularly in specialized insurance markets, such as hotels, landlords, or restaurants.
This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.
This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.
The new offering, developed specifically for casual dining restaurants (with or without table service), is now available through Distinguisheds Broker Connect portal. With the Broker Connect portal, brokers can submit BOP business at any time, streamlining the process for greater speed and convenience.
However, for insurance brokers, the wide spectrum of restaurants represents both a challenge and an opportunity. Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims. How Much Does Restaurant Insurance Cost in Charlotte?
Distinguished offers a Renewal Certificate Endorsement , now available for eligible Contractor’s Pollution Legal Liability Plus (CPL) and Contractor’s Pollution & Professional Legal Liability Plus (CPPL) policies. increased limits), provides a new set of limits of liability and expiring coverage.
Our unparalleled broker network and data-driven approach forged in the cyber arena, now power this foray into new coverage lines. Our unparalleled broker network and data-driven approach forged in the cyber arena, now power this foray into new coverage lines. Thank you for joining us in this edition of CyberLine Quarterly.
Previously, much of the discussion around embedded insurance has focused on the potential for insurers and brokers to be pushed out of the picturebeing cut out of the transactions. Brokers enjoy similar customer access benefits, at a lower cost. Threat or opportunity?
” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.
Could you start by describing the most common housing violations in Philadelphia that property owners and brokers should be aware of? These resources are invaluable for both property owners and insurance brokers when assessing risk. What role can insurance brokers play in managing these challenges for their clients?
For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies. No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security. Become a registered ProWriters broker today.
Introduction to Liability Insurance for UK Tradespeople and Contractors If you’re a tradesperson or contractor in the UK, navigating the world of liability insurance can seem a bit daunting. Whether you’re fitting kitchens or fixing roofs, liability insurance provides a safety net.
In fact, bad hires aren’t just a performance issuethey are a financial and legal liability , particularly in industries where physical labor increases the risk of injury. First-Year Employees Drive Claims and Costs Beyond poor performance, bad hires can quickly become workplace injury liabilities. All state laws vary.
Business Owners not only have to think about insuring their stock or contents, but will also have to consider having the correct Liability Cover on the policy. Employers Liability is normally covered up to 10,000,000 and will ensure you have insurance in the event of an accident at work where an employee alleges you have been negligent.
If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. The primary general liability (GL) coverage has a specific geographic restriction: it is not available for hotels located adjacent to the beach in Hawaii.
This also ensures compliance and reduces liability for wrongful injury claims. You should consult with your insurance broker, attorney, or qualified professional. With accurate, validated job descriptions in place, employers can safely assess whether a candidate is physically and mentally able to perform. All state laws vary.
If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Brokers with similar accounts are welcome to send them in for review. Prior to her years as an underwriter, Alison spent seven years as an insurance broker specializing in the Fine Arts.
In California’s vibrant technology sector, understanding the scope of your Cyber Liability Insurance and Data Breach Coverage is as crucial as having the coverage itself. The Gaps in Cyber Insurance: Cyber Liability Insurance and Data Breach Coverage are designed to protect against various cyber threats, but they have limitations.
The Role of Brokers in Securing the Best Commercial Insurance Deals When it comes to safeguarding a business, securing the right commercial insurance is a crucial step. Here is where brokers come in, not merely as middlemen, but as invaluable partners in the quest for the best commercial insurance deals.
Youve submitted an application for City Insurance or New York Brick & Brownstone coverage through the Broker Connect portal now youre ready to bind a quote. Follow the steps below to bind your policy: Step 1: Log into the new portal Access the Broker Connect portal here. So, whats next?
For brokers, establishing solid insurance referral partnerships can be the golden key to success. Lets explore how brokers can cultivate and maintain these successful partnerships, enriching their professional journey and enhancing their business growth. – Risk Mitigation : Collaborating provides a safety net. .
However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage. Learn more about managing new E&O risks introduced by AI to ensure AI remains an asset, not a liability. Some of the new risks include: AI-generated quotes may be mispriced or contain incorrect details.
Many brokers in California who sell employee benefits choose an Accident and Health or Sickness License or a Full Life Agent license (which includes Life, Accident, and Health or Sickness). The California DOI offers information on limited liability company requirements.
Landlord insurance which covers both liability and property damageis particularly sensitive to housing violations. What role can insurance brokers play in managing these challenges for their clients? Insurance brokers are key in bridging the gap between property maintenance and insurance coverage.
Many types of business insurance, such as Employers Liability Insurance, are legally required in the UK. Public Liability Insurance Public Liability Insurance is one of the cornerstones of a comprehensive retail insurance policy. Treatment liability insurance can cover legal fees and compensation if youre held responsible.
Join Us The post Marine War Risks market remains turbulent, says broker Gallagher appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?
Why Brokers Partner with a General Agency? Brokers today more than at any time previously face multiple challenges. You earn the same commission (and bonuses) as you would on your own, working as an independent broker. Take advantage of sales tips, tech updates, and more in our monthly broker blog posts.
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