Articles by Patrick Wraight

Patrick Wraight, CIC, CRM, AU, is director of Insurance Journal's Academy of Insurance. He can be reached at pwraight@ijacademy.com.

Why Condominium Associations Should Consider Risk Management and Financing with Caution

Insurance for a condominium association is designed to finance the insurable exposures for the association. These exposures include the property and several liability exposures, including what would be covered by a commercial general liability policy, directors and officers liability policy, …

7 months

Seven months. You turned around today to realize that the year is Seven months old. Your plan for 2020 is Seven months old. Your expectations for 2020 are Seven months old. It’s time to take all of your plans and …

3 Whys for Making Insurance Policies Easier to Read

I was recently asked this question. What do you think about efforts to simplify policy language? The answer is never as simple as it seems at first. The simple answer is that I’m for making the insurance policy easier to …

Happier Without Some Stuff

People are highly adaptive. Don’t believe me? Move into a smaller home. You’ll find out that after a little while, you’ll settle into a new routine. You’ll also look around one day and wonder why you kept all that stuff …

Do Police Officers Need to Buy Professional Liability?

Law enforcement practices and reform have been on the minds of many city government leaders in recent weeks. Some groups are advocating that police officers carry professional liability insurance. Let’s examine this concept. For this discussion, we will keep it …

3 Quick Hurricane Season Tips (Just a Little Late)

So far hurricane season has been uneventful unless you consider the giant Saharan dust cloud that traveled across the Atlantic. That just means that now is a great time for a few important hurricane season reminders. Review your hurricane season …

Do Police Officers Need to Buy Professional Liability?

I read an interesting article today on Insurance Journal (of course) about plans to reform law enforcement in Minneapolis. What interested me the most was that some groups were advocating making police officers carry professional liability insurance. You can read …

Decision Time

Somedays I wish for the times when my decisions felt like they only impacted me. When I was a kid, it felt very much like I could do whatever I wanted and it would only affect me. I didn’t think …

Umbrella or Excess Liability: What’s the Difference?

Do I need an umbrella policy or an excess policy? Is there a difference and does anyone care? There are a few reasons that an insured may need (or want) more liability coverage than certain policies will provide. The limits …

No. It’s Not Just the Insurance Company’s Fault the Policy is Hard to Read

One of the blogs that I love to read is the Property Insurance Coverage Law Blog by Merlin Law Group. You may not like this, but I find many of the insights by Chip and the team to be compelling …