D&O COVERAGE FOR INVESTIGATIONS Now you see it; now you don’t [O]ne may think a court is “incorrect,” but the court is not wrong unless and until its ruling is overturned. By Joseph S. Harrington, CPCU It’s an awkward moment in an agent’s or broker’s career. You convinced a reluctant client to purchase a policy the client was not sure it needed, only to learn later that a key coverage
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CYBER INSURANCE Has the first hard market come and gone? By Joseph S. Harrington, CPCU Inquiring minds want to know: When will cyber insurance become like other lines of insurance? One might be tempted to think that’s what occurred in 2021 and 2022 when, in the wake of severe ransomware losses and the rapid implementation of risky work-from-home arrangements, a line that had been hungry for buyers suddenly saw rates
DISABILITY INSURANCE Inflation and more driving increased interest in voluntary products The emergency room lines were long and hospital beds were full. When patients survived their hospitalizations, many were disabled for days, weeks, or sometimes months. When the COVID 19 pandemic struck, disability insurance was particularly valuable for those who had the forethought to purchase it, but the real growth of interest in voluntary disability insurance started only after the
HOMEOWNERS AND BUILDERS RISK: WHAT CAN FALL THROUGH THE RENOVATION CRACKS Recommending the best policy with the right coverages By Mary Stiglic Home sales may have slowed, but remodeling is accelerating. The U.S. market reached an unprecedented height of $567 billion in 2022, according to the Joint Center for Housing Studies at Harvard University. Kitchen and bath remodels, room additions and disaster repairs were among the top categories of residential
LIMITING DEFENSE WITHIN LIMITS Some states revisiting “burning limits” in claims-made liability policies Defense-within-limits provisions appear most often in claims-made coverage for economic losses not necessarily tied to physical damage or injury. By Joseph S. Harrington, CPCU “What happens in Vegas stays in Vegas,” according to Sin City’s signature tourism slogan. Liability insurers are hoping that what recently happened in Carson City, Nevada’s capital, will be squelched in Carson City
