• March Madness Insurance

    March Madness Insurance   For some, the period of time between Thanksgiving and New Year's is the most wonderful time of the year. For others, it's college basketball season. The annual NCAA tournament brings in the usual risks associated with college-level sporting events, but some of...

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  • Matching Statutes by State

    Matching Statutes by State Updated December 3, 2020 Matching is one of the more difficult topics in insurance. When only part of the property is damaged—such as siding or a roof—and if the carrier cannot match the existing property, should the entire property be replaced in order to properly...

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  • Peloton Recalls Bike Pedals After Breakage, Injury Reports

    Peloton Recalls Bike Pedals After Breakage, Injury Reports Companies typically face a wide range of expenses in the event of a recall. Primary costs include notifying customers, which could involve placing advertisements or sending letters, and shipping for recalled items and replacement...

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  • Personal Property of Others in Comparison with Bailees Coverage

    Personal Property of Others in Comparison with Bailees Coverage What is the difference in coverage between personal property of others and a bailees form? If I insure a small art framing shop that has $10,000 of customers goods, I would use a bailee form but I'm not sure why. Connecticut...

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  • Valued Policy Laws - State Summary

    Valued Policy Laws - State Summary Subject Property, Perils, and Special Provisions Summary: This discussion provides a summary of the provisions of the valued policy laws of those states that currently have such laws. The section number of the state statute (usually the insurance code)...

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  • New Data Shows the Third COVID-19 Wave Has Arrived

    New Data Shows the Third COVID-19 Wave Has Arrived This CDC chart shows that COVID-19 and look-alike illnesses are still causing a high percentage of U.S. deaths. (Photo: CDC) The third wave of COVID-19 cases appears to be starting to fill hospital beds in the Dakotas, Mississippi, Montana and...

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  • Major Insurer Stops Selling Pandemic Coverage

    Major Insurer Stops Selling Pandemic Coverage Munich Reinsurance Co., based out of Germany, has stopped selling pandemic business insurance coverage after it reportedly took a $1.8 billion (€1.5 billion) hit in the first half of 2020 due to the worldwide COVID-19 pandemic, according to Verdict....

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  • COVID-19-Era Unemployment Insurance Unlikely to Cover Basic Needs

    COVID-19-Era Unemployment Insurance Unlikely to Cover Basic Needs Unemployment insurance fails to cover minimal rent, food, and transportation costs in 75 of the 109 cities, says a recent study. (Photo: Shutterstock) Millions of Americans are still reeling from the effects of COVID-19 and rely...

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  • Hawaii Insurer Launches Parametric Insurance for Hurricane Damage

    Hawaii Insurer Launches Parametric Insurance for Hurricane Damage With the threat of Hurricane Douglas on the horizon last week, First Insurance Company of Hawaii (FICOH) launched an affordable and flexible parametric insurance product for Hawaii homeowners and renters. The program was designed...

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  • Four 2020 Lessons for Workers' Comp Risk Managers

    Four 2020 Lessons for Workers' Comp Risk Managers Nominations for the 2020 Excellence in Workers' Compensation Risk Management Award are being accepted through Wed., June 24, 2020. The challenges and lessons from 2020 continue to unfold for every professional, the least of whom work in the...

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