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…
For aviation insurers and brokers, the implications go beyond immediate operational stress. This recall highlights the increased risk of software-integrity risks in modern aircraft. The A320, the world’s most widely flown commercial jet, relies heavily on digital flight-control systems originally introduced in the 1980s. As carriers incorporate more automated systems into their fleets, insurers are…
For insurance professionals, this decision offers three important lessons. First, your insured’s legal position in the initial proceedings will define your recovery options in subsequent disputes. Once a court validates a contractual defense, that validation applies to all related claims. Second, it requires careful coordination among multiple related replacement operations to avoid conflicting situations that…
People’s strategy cannot be compromised Adoption of technology always succeeds or fails depending on the people. Kane stressed that “the people strategy is just as important as the other strategies we’re considering.” The rollout reflects how Zurich approached previous AI tools like Copilot: start with individuals experimenting and learning, then move up to team-level applications….
Since 2007, IICF’s Northeast Division has awarded more than $14.8 million in grants to more than 350 organizations across the region. This year’s beneficiaries include America’s Grow a Row, Clean Ocean Action, Covenant House NY, Freedom House, Hartford Interval House, Horizons at Sacred Heart University, Limb Kind Foundation, Mount Kisco Child Care Center, Nancy Lieberman…
The Court of Appeal saw things differently. In a 6-1 decision, the majority said insurers cannot unilaterally decide that a provider has committed misconduct serious enough to stop payments. That authority rests with state regulators, specifically the New York Board of Regents, which oversees professional licensing and discipline. Justice Rivera clarified the concern: If insurers…
Over the past few years, Mercer County’s own Trenton Punk Rock Flea Market has put itself on the map! The event was performed at its home base Cure Insurance Arena in Trenton and also in Edison, New Jersey. Now, they’re getting ready to change it again for 2023 with their annual “Rake the Halls” event!…
The court’s reasoning focused on the statutory framework. It emphasized that the Insurance Code authorizes the Commissioner to adopt a plan of operation of TWIA and to determine how member participation is determined annually. The opinion cites Section 2210.052, which directs that partnerships must be determined annually in the manner provided by the plan of…
