National Section

Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch

U.S. personal auto underwriters increased premium rates “significantly” in 2016, but the rate increases weren’t high enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry statutory combined ratio will likely hit 108 in the coming months, …

What to Know About Insuring Fairs, Festivals and Other Special Events

The world of fairs and festivals has evolved well beyond the pie judging, chili cook-off, apple bobbing days of the traditional county fair. Today, there’s an event for nearly every hobby, interest or culture imaginable. For 65 years, underwriters at …

Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey

Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest rate decreases, according to a new survey by Ames & Gough. The broker found …

Advising Businesses on Business Interruption Insurance

With the late-winter storms that hit the Northeast this year, many businesses could have suffered a loss of revenue they were not anticipating. If a business owner was impacted by this latest storm, chances are his or her company was …

MyNewMarkets

Trustees and Officers Market Detail: United Educators (www.ue.org) offers trustees and officers liability coverage, sometimes known as directors and officers (D&O) coverage, through its United Educators’ (UE) Educators Legal Liability (ELL) policy and may also be written as a stand-alone …

Declarations

Leaks Happen “The hypocrisy really lies in the pipeline corporations that say their pipelines are safe, say leaks don’t happen. They blame activists who are trying to stop global cataclysm by taking action to point out what they do every …

Business Moves

EPIC Insurance Brokers & Consultants, The Capacity Group EPIC Insurance Brokers & Consultants has acquired The Capacity Group of Companies in Mahwah, N.J. Terms of the deal were not disclosed. The firm will now operate as The Capacity Group – …

Top 25: P/C Direct Premium Written Up 4 Percent in 2016

Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, more than $582 billion of DPW was reported. For 2016, total DPW for all P/C insurers aggregately increased 4 percent over 2015, an increase …

OSHA Offers Mitigation Tips to Protect Against Workplace Violence

According to OSHA, employers should establish a zero-tolerance policy toward workplace violence. In addition, the agency suggests the following: Provide safety education for employees so they know what conduct is not acceptable, what to do if they witness or are …

Understanding the Needs of the Hybrid Nonprofit Organization

The nonprofit of yesterday has evolved, and a new, hybrid nonprofit model has emerged, bringing with it an array of complexities. Human services agencies and nonprofits across the country have recognized crucial needs in the communities they serve, and they …

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