There is a seemingly ever-growing legal threat being faced by corporate executives, fueled by the multitude of entry points with which risks can penetrate and give rise to a severe loss. Whether a board is faced with personal exposures for …
The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and services and the California-based aggregator. Namely, …
It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a multinational company that demanded …
There is a famous story about a visit by President Kennedy to the NASA space center. When Kennedy noticed a man carrying a broom in one of the buildings, he asked: “What’s your job here?” The janitor replied: “I’m helping …
“I’m being bought out!” “We’re merging with an agency five times our size that will take our revenue to a whole new level!” While expressions of excitement like the ones above might be music to the ears of an owner …
Following the “WannaCry” ransomware cyberattack in at least 140 countries, insurers, brokers and cyber risk management specialists are working with businesses to report claims, improve and expand existing cyber insurance coverages, and implement cybersecurity best practices. This is the second …
Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service organizations, has appointed Wayne T. Marshall as vice president and client executive. In addition, Marshall will lead the …
The Massachusetts Appeals Court has affirmed the Department of Industrial Accidents (DIA) reviewing board’s decision in a case involving how interest should be assessed on unpaid workers’ compensation claims. The DIA is responsible for overseeing the workers’ compensation system in …
Encompass Insurance, an Allstate Insurance company that sells business through independent agents, outlined in its first quarter 2017 earnings release its intent to withdraw from Massachusetts starting in late June as part of its profit improvement actions. The company informed …
New York Governor Andrew M. Cuomo has announced that New York is now accepting applications from companies interested in testing or demonstrating autonomous vehicles on public roads. Included in the fiscal year 2018 budget, new legislation allows for testing autonomous …
