FOUR THINGS INSURANCE PROFESSIONALS SHOULD KNOW ABOUT “FOREVER CHEMICALS” No matter where you live, you and your family are exposed [M]ichigan has identified over 200 forever chemical contaminated sites in the state. Experts estimate that this number will grow to 11,000 … . By Chris Bunbury If you are not familiar with per- and poly-fluoroalkyl substances such as PFAS/PFOA chemicals, you should be. Also known as “forever chemicals,” PFAS/PFOA chemicals
Commercial Lines
CHALLENGE AND CHANGE Beazley report raises concerns for agents and brokers By Elisabeth Boone, CPCU Events so far this year have significantly altered how business leaders see the risks they face. Also altered is how the leaders perceive their resilience to these risks—a perception that has fallen dramatically since 2021. The findings are contained in Beazley Group’s latest Risk & Resilience research into geopolitical risk, which was published in June.
IS THERE COMMOTION TO COME ABOUT (UN)CIVIL COMMOTION? Insurers must think clearly about what constitutes “civil commotion” and what protection insureds can reasonably expect By Joseph S. Harrington, CPCU One does not have to believe that North America is on the brink of civil war to recognize that there is profound frustration at both ends of the political spectrum. As this blog post is being written, federal, provincial, and local
AVOIDING VICARIOUS LIABILITY LANDMINES Don’t learn these lessons the hard way By Krista Mayes Some coverage forms actually stipulate that providers also need to carry their own primary professional liability limits in order for the facility’s coverage to kick in. Though it applies across a range of industries, vicarious liability is particularly important for behavioral healthcare and addiction treatment facilities, a challenging sector that our team has been serving
RANSOMWARE RAMPAGE Three courts determined that the case did not involve fraud, yet reached opposing rulings Nothing was solved by putting a coverage in place that ended up creating both an uncovered loss and a substantial litigation expense, doubling down on the error. By Bruce D. Hicks, CPCU, CLU The Court Decisions column is a popular part of Rough Notes magazine. One reason for this is that the court room
