Insurers Off the Hook in O’Hare International Airport Construction Dispute June 3, 2024 By William Rabb Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability...
Last Wrongful Death Suit From Astroworld Tragedy Set for Trial in September June 3, 2024 By Juan A. Lozano The one remaining wrongful death lawsuit filed after 10 people were killed during a deadly crowd crush at the 2021...
Insurance Research Council: Home Insurance Spend Tops Household Income Growth June 3, 2024 By Chad Hemenway According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over...
Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents June 3, 2024 By Tony Caldwell I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date...
How to Embrace Compensation Transparency June 3, 2024 By Julie Bingham The quest for transparency in compensation has become a paramount concern for both employers and employees alike. About one-fifth of...
Social Inflation Key Factor in Rise of Loss Severity: AM Best June 3, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024 June 3, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according...
Is an ESOP in Your Future? Don’t Overlook This Valuable Succession-Planning Tool May 20, 2024 By Scott T. Freiday 2024 marks 50 years since Congress passed legislation codifying the tax benefits of employee stock ownership plans (ESOPs). Senator Russell...
Texas Attorney Charged with Skimming $2.4M from Settlements May 20, 2024 A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much...
Ban on Worker Noncompetes Faces Uphill Legal Battle May 20, 2024 By Daniel Wiessner The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts...