Articles

What Will the Senior Living Market Look Like for Insurers Post-Pandemic?

Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last year or two, and the COVID-19 pandemic brought on a wave of new challenges that has only compounded the problem. Brokers who are working with these health care organizations should be particularly wary of increased liability and more stringent underwriting as we...

Insurers Caught Up in Civil Rights Settlements Against Law Enforcement

Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance policyholder attorney who works on civil rights cases. Attorney Alexander Brown sees the Black Lives Matter movement, actions by reform-minded prosecutors, increasing legal actions and calls for police refor...

Reconstructing the Construction Market for the COVID-19 World

The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But it also faces its share of challenges in managing exposures, delays, added costs and shutdowns in this COVID-19 world. Construction clients have been making adjustments, but the new safety protocols have added cost and new exposures, according to Danette Beck, nation...

Experts: Whether Public or Private, Flood Insurance Is a Must

Tropical Storm Imelda hit the Texas Gulf Coast on Sept. 17, 2019, as a fairly low-level tropical storm but that doesn't mean it was an inexpensive one in terms of property damage, especially with regard to flooding. Imelda drenched Southeast Texas for three days, saturating some areas with as much as 43 inches of rain. The National Flood Insurance Program (NFIP) paid out around $738 million on 11,...