Summer 2020
Insurability Issues Detour Truckers
By Doug Voss The trucking industry is faced with a crisis of insurability in the commercial automobile liability market. To a great degree, this crisis results from nuclear verdicts coupled with fewer insurance underwriters. Furthermore, while the trucking industry pursues various remedies to address nuclear verdicts, Congress is seriously considering an increase in truck liability […]
Asia Insurance Review and Middle East Insurance Review Join Beacon International Group, Global Insurance Media Leader
Asia Insurance Review and Middle East Insurance Review have joined a pre-eminent global risk and insurance media and publishing house, Beacon International Group, Ltd, a US-based enterprise that is expanding dramatically to serve risk management, risk transfer and risk financing leaders across the world, with a deep concentration in insurance, reinsurance, and all related fields […]
ACT Releases Agency Cyber Guide 3.0
The Big “I” Agents Council for Technology (ACT) has released an updated version of the free Agency Cyber Guide. Agency Cyber Guide 3.0 includes a complete redesign of navigation and user experience and an updated cybersecurity provider guide while continuing to provide crucial insights to the independent agency channel on cyber and technology issues. ACT […]
IMUA Announces 2020 Board Election Results
The Inland Marine Underwriters Association (IMUA) announced the election results for the association’s 2020 slate of officers and board members. Bruce Jervis, Chubb, was re-elected the association’s Chairman, Jessica Frankovich, Deputy Chair and Anthony Falcone, One Beacon, Vice-Chair. Commenting on this re-election Bruce Jervis said, “As we continue to face the challenges presented by the […]
Amend and Extend
National Flood Insurance Program Reauthorization as an Opportunity for Reform August typically marks not only the start of the peak of hurricane season but is also the time during which Congress recesses for its monthlong district/state work period. When Congress reconvenes in September, it will immediately face whether and how to reauthorize the National Flood […]
PIANY opposes business interruption bill
Sen. Andrew S. Gounardes, D-22, introduced S.8853—a companion bill to A.10837, introduced at the request of Assemblyman Robert Carroll, D-44, a few weeks ago. The bill would require business interruption insurance to cover disease outbreaks, and would apply to all business interruption claims filed by insureds, and all policies or contracts that were issued, modified, […]
Jacques Bonneau Appointed President and Ceo of Partner Re
PartnerRe Ltd. has announced the appointment of Jacques Bonneau as its President and Chief Executive Officer (CEO). Mr. Bonneau has been a member of the PartnerRe Board of Directors since February 2019, having served on the Company’s Audit Committee and as the Chairman of its Underwriting and Risk Committee, and has been former CEO of […]
Howard Mills Appointed to Ensight Board
Ensight, the leading life and annuity digital sales platform, today announced that Howard Mills, former Superintendent of the New York State Insurance Department and Senior Advisor at the Deloitte Center for Regulatory Strategies, has been appointed to its Board of Directors. The appointment will bring Mills’ insurance regulatory leadership to the Ensight Board of Directors […]
Restrictive Covenants for Insurance Producers
By Harris S. Freier, James W. Sukharev As States continue to diverge in their interpretation and enforcement of restrictive covenant agreements, it is now more important than ever to ensure those agreements are drafted to conform with jurisdiction-specific laws. MAIN TYPES OF RESTRICTIVE COVENANTS There are generally four main categories of restrictive covenants to consider […]
