Navigating an industry with persistent representation gaps “I noticed there weren’t a lot of Latina women in senior executive roles. That inspired me. My passion, not only for the work, but for representation and breaking barriers,” Ramos said. She is candid about the realities of entering the construction insurance field as a Latina woman. Although…
On October 6, 2023, while on duty with the Wilmington FD, Ferrell carried two over-the-top packs approximately three flights of stairs after an officer did not pick up his assigned pack. He experienced shortness of breath and chest pain, later complaining of back cramps. He also reported feeling a “pop” in his back, although the…
Property and Casualty Survey, Inc. (PCSI), Robert Andrews, inspected Kathleen Wagner’s home at the request of her homeowners insurer to help assess renewal rates and coverage levels. After completing the interior work, he stepped into the backyard and fell down the wooden railroad-tie stairs built into the ground. He admitted that he knew the stairs…
Another strong preference that shined through was respondents’ desire to speak to an agent or broker rather than searching online for coverage. This underlines that consumers want broker advice and support as well as connection and service. Consultant Heath Sharon, who also hosts the Insurance Town podcast, emphasizes how technology and AI are essential tools,…
At the center of the case is damage caused by Hurricane Maria to PrairieGold’s Carmelo Productora facility in Puerto Rico. This policy, issued in September 2014, was an all-risk and business interruption program. It defined hurricanes to include storms named by the National Weather Service or National Hurricane Center, and both sides agreed that Hurricane…
Those risk-transfer provisions are now being tested by two lawsuits brought by Granite employees. CSXT’s filing states that on November 13, 2024, worker Christopher Valente sued CSXT and TransSystems, alleging that he was injured on May 23, 2024, when a crane lost control of a load while he was working on the project. The second…
The valuation provision set out in the policy endorsement applies when the parties cannot agree on the amount of loss or damage. Upon written demand, each party selects a competent and disinterested appraiser and informs the other. The evaluators then choose a competent and disinterested umpire. If the appraisers cannot agree, they submit their differences…
Underutilized alternative risk strategies – Captive, parametric, and other alternative solutions are less explored by many customers. Stadler warns, “If you are not proactive in evaluating these options, you will face significant headwinds.” cyber risk sophistication – Many companies purchased cyber insurance as a one-size-fits-all solution rather than tailoring it to their actual…
The UK government’s new Global Health Insurance Card (GHIC) has launched and applications are now open online – but it covers fewer countries than the old card 16:42, 11 January 2021Updated 16:44, 11 January 2021 an EHIC card (Image: PA) The UK’s new Global Health Insurance Card (GHIC) has launched, giving UK travelers access to…
Liability and product risks in focus For insurers, the developing situation raises immediate questions about product liability, aviation hull and loss-of-use risks, as well as the potential for business interruption claims as airlines grapple with grounded assets, postponed deliveries and disrupted schedules. Although there is currently no suggestion of an in-service security incident, the combination…
