RISK CONTROL IN CHALLENGING TIMES Economic conditions influence risk trends for 2023 By Eric Spacek Rising interest rates and high inflation are expected to continue to put the squeeze on Americans in 2023. These economic conditions are likely to spur an uptick in insurance claims related to the heightened cost of living. From a risk control perspective, we’re focusing our efforts on risks related to the financial impact of
Personal Lines
MAKING THE CASE FOR PERSONAL CYBER COVERAGE It’s time for the cyber conversation to move from businesses to the consumer By Nathanael Curtis Nearly six in 10 Americans have been victims of cyber or digital crime, according to the Norton 2022 Cyber Safety Insights Report. It’s the most common type of crime someone can experience, and while a majority of Americans recognize the risks they face online—nearly 80% acknowledge they
CLAIM SPLITTING DEBATED Was subrogation applied in this confusing lawsuit? Taking opportunities to assist both personal and commercial clients in understanding various policy provisions … could result in preventing litigation or, at least, avoid complications during lawsuits. 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 is where the promises made in
CLAIM SPLITTING DEBATED Was subrogation applied in this confusing lawsuit? Taking opportunities to assist both personal and commercial clients in understanding various policy provisions … could result in preventing litigation or, at least, avoid complications during lawsuits. The Court Decisions column is a popular part of Rough Notes magazine. One reason for this is that the court room is where the promises made in an insurance contract often
WRITING FARM INSURANCE REQUIRES A DIFFERENT APPROACH Family farms feature both personal and commercial risks By Casey Roberts, CIC, ACSR, AFIS High property values, protection classes, older properties, and multiple liability exposures—just to name a few obstacles—can make writing farm insurance a challenge. Over 90% of the 2 million-plus farms in the United States are owned by individuals/families, sole proprietorships, or family-held corporations, according to the Economic Research Service
