Monthly Archives: <span>July 2020</span>

Jargon-Filled Insurance Policies Lead to Confusion, Costly Lawsuits

As COVID-19 began forcing shutdowns across the nation, small-business owners looked to their insurance policies. Were they covered? Not surprisingly, the policy language caused more than a little confusion. The debate over whether business policies provide business interruption coverage for …

Business Moves

National Ryan Specialty Group, All Risks Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach, Florida, …

The Value of Agency Data and Who Owns It

Independent agencies, like every other business, are living in a data-driven world. The value of data — including how and when it’s used and for what purpose — continues to evolve. As the value of data to agencies continues to …

Global Insurance Premiums Expected to Rebound in 2021 After COVID-Related Dip: Swiss Re

Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma report. Moreover, the pandemic …

Declarations

Unconstitutional Argument “This legislation is likely unconstitutional. We will aggressively defend against any attempt to undermine contracts, or violate basic due process, government takings, and contracts clauses of the U.S Constitution, as well as the California State Constitution.” — David …

People & Places

National Specialty Insurer QBE North America has announced the appointment of Becket McNab as chief human resources officer. McNab will be responsible for all North America human resources activities, including driving the company’s focus on talent and culture. McNab joins …

10 Ways to Impress Candidates During Interviews

Recruiting is sales. If you’re excited about a candidate and want to do everything possible to reel them in, then when it comes to interviews, the “same old, same old” won’t get the job done. You want your company to …

Michigan Restaurants’ COVID-19 Business Interruption Claim Rejected by State Judge

A trial court judge in Lansing, Michigan, handed a victory to insurers in what may be the nation’s first final ruling on the question of whether a property insurer is liable for financial damages caused by a coronavirus closure order. …

Appeals Court Backs Immunity of Iowa Officer Who Stomped on Suspect’s Ankle

A Davenport, Iowa, police officer who stomped on the ankle of a suspect used unreasonable force but cannot be held liable for doing so, a federal appeals court ruled on July 9. The 2015 stomp by officer Brian Stevens allegedly …

Scientist Says Chances of Big One on San Andreas Greater Than We Believed

Get ready for the big one. That’s a refrain Californians have heard for years, but this time one scientist is putting a number on it. There’s a 1% chance a big quake will strike next year on the Southern section …