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5 Dec 2007, 8:36 am
The over lap with the structured settlement industry is that just as with cashing in an annuity early, selling your life insurance contract early comes with substantial risk as it is an obscure market where pricing varies widely. [read post]
  Such policyholders may conclude that it is time to explore the newer insurance products specifically geared towards cyber-physical risks. [read post]
21 Oct 2013, 1:24 am by Kevin LaCroix
The agency’s actual practices will have a significant impact on how the D&O insurance industry ultimately responds. [read post]
18 May 2009, 1:17 pm
Companies, I suggested, need to survey their potential exposures and analyze whether, given the types of claims made against them historically and the jurisdictions in which they operate, they are at risk of such awards; if so, they then need to tailor their insurance programs accordingly with regard to such exposures, at the time of acquisition, rather than worrying about it only after a claim is made against them. [read post]
26 Feb 2019, 10:26 am by Cannabis Law Group
Last year, the California Insurance Commissioner announced a new marijuana industry workers’ compensation program through Atlas General Insurance Services tailored specifically to the cannabis business. [read post]
1 Dec 2009, 2:33 am
Edwards Angell Palmer & Dodge's Insurance and Reinsurance Department recently published its latest Newsletter, Insurance & Reinsurance Review - December 2009, which contains eight articles about various topics in the insurance and reinsurance industry. [read post]
12 Aug 2010, 6:22 pm by Robert Elliott, J.D.
Farmers are urged to avail themselves of a free online risk assessment system designed to enhance farm safety and reduce risk in a joint appeal by the Health & Safety Authority, the Irish Farmers Association and FBD Insurance. [read post]
26 Oct 2007, 10:34 am
' she asked. 'Insurance requires a certain amount of risk on the part of insurance companies. [read post]
16 Mar 2022, 9:02 am
During a wave of robberies late last year, the police never showed up to some of the crimes, business owners say....Only a limited number of insurance companies are willing to cover the cannabis industry... because of the federal prohibition, and the few insurers operating in the sector are still trying to understand the “unique risk” that the businesses pose....The robberies and property damage are compounding the cannabis industry’s… [read post]
25 Aug 2011, 6:23 am by Kevin Healey
Continuing my breakdown of common all-risk insurance policy exclusions, I turn this week, to the smog, smoke, vapor or gas exclusion. [read post]
There is no ignoring it, just like virtually every other industry, the real estate industry is changing rapidly through the use of AI, and if you aren’t adapting your business to account for those changes, you are putting your business at significant risk. [read post]
14 Nov 2008, 2:59 pm
Advisen recently issued three reports, on the D&O market, E&O market and the financial services industry, containing predictions on the impact of the subprime/credit crisis on insurers worldwide.With respect to D&O claims, Advisen predicts $5.9 billion in losses for claims during 2007, 2008, and 2009. [read post]
17 Nov 2010, 1:51 pm by Joseph Sano
In some contexts, courts focus on the personal nature of risk and the relationship between the insured and the insurer, and impose coverage restrictions where there has been an unwarranted change in the personal nature of the risk transfer. [read post]
18 Feb 2017, 11:30 am by Nick Feamster
The emergence and proliferation of Internet of Things (IoT) devices on industrial, enterprise, and home networks brings with it unprecedented risk. [read post]
29 Jun 2007, 1:14 am
  Some of the proposed changes make good sense: raising the limit of flood insurance policies and contents coverage, allowing FEMA to charge actuarially sound rates for commercial and non-primary residences (primary residences will continue to be subsidized across risk classifications, however); dramatically increase the penalties for lenders that don't require flood insurance in flood plains; and new lines of coverage including business interruption… [read post]
11 Dec 2023, 12:20 am by Mary Anne Peck
Cons of Insurers’ Use of AI There are also some serious potential downsides to the insurance industry’s embrace of AI. [read post]