National Section

Declarations

Fire Starter? “We still don’t know whether the fires caused pole or line damage or the poles caused the fires. They may never sort it out.” — Michael Picker, chairman of the California Public Utilities Commission, said the state may …

Once-Stable P/C Insurance Lines Faces Challenges Ahead: Guy Carpenter

While the U.S. property/casualty insurance industry is well capitalized and market sentiment is mostly positive, it still faces economic and market-based headwinds that will challenge its profitable growth going forward. In the 2017 edition of the annual report, Plotting a …

Can Cyber Open the Door to Attracting Talent?

No longer a long-range concern on the distant horizon, the talent crunch within the insurance industry is here. Despite years of warnings and research, insurance organizations face a perfect storm of labor market challenges, including an aging workforce, an impending …

Does a CPP Cover Trees Knocked Over by a Hurricane?

When a hurricane blows through, it isn’t just the trees on a homeowner’s property that could be damaged. There could be trees on a business’ property that are damaged as well. Does the commercial property policy provide coverage there? For …

Business Moves

Sutton James Aviation Insurance Brokers, Optisure Risk Partners Sutton James Aviation Insurance Brokers, a Hartford, Conn.-based resource for aviation-related coverages throughout North and South America, has joined Optisure Risk Partners to lead the development of Optisure’s Aviation Practice Group. Jon …

P/C Insurers See Drop in Net Income

The year has been hard on the nation’s property/casualty insurers but don’t fret — the industry still remains profitable. According to ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI), the private U.S. property/casualty insurance industry …

The Competitive Advantage: Changes

With complete and all due respect to David Bowie’s song, “Changes,” it is time, if the reader wants to thrive in the future, to accept the wisdom of his lyric, “Ch-ch-ch-ch-changes. Turn and face the strange.” The insurance world is …

Earthquakes, Floods Highlight Wide Insurance Protection Gap

Recent natural catastrophes in and around North America have shined new light on two natural perils not covered by traditional U.S. homeowners insurance policies: floods and earthquakes. Catastrophe modeling firms have estimated that the amount of economic losses associated with …

The Modern Fraudster: How Courts Are Responding to Social Engineering Fraud

Circuit Courts to Clarify Coverage for Social Engineering Fraud The Second and Sixth Circuit Courts of Appeals are poised in 2018 to clarify a thorny issue for policyholders and insurers alike: the availability of insurance coverage under commercial crime policies …

AIG Expanding Commercial Casualty Policies to Include Cyber

American International Group Inc. said it would include cyber coverage to its commercial casualty insurance during the first quarter of 2018, a move that would boost rates but make it clearer how customers are covered if they are the victim …

National Section Archives by Month