In the first Professional Risks Power Panel of 2025, experts from WTW, Aon and Marsh explain what to expect in the E&O market this year. Among the issues they examine are artificial intelligence and its impacts, cyber threats and the strategic necessity of E&O policies.
As a business owner, protecting your venture from unforeseen risks is crucial to its long-term success. While many types of insurance policies are available in the market, one specifically designed to cater to small and medium-sized businesses is the Business Owners Policy (BOP). This comprehensive insurance solution provides a range of coverages tailored to…
In American National Lloyds Ins. Co. v. Alexis, Civil Action No. 23-130, the insurer sought a declaratory judgment that it had no obligation to defend or indemnify Michelange Alexis and Real Estate Brothers, L.L.C., in a lawsuit filed in Berks County Court by Ernesto and Ana Rosa. The plaintiffs allege that Mr. Rosa suffered serious injuries…
3 minute read Theft is a major concern for all small business owners. Thieves aren’t just shoplifters, masked intruders, or organized criminals. Sometimes, it’s an inside job—and it’s more common than one might realize. Employee dishonesty, theft, and fraud can take many forms. Maybe they’re skimming money from the cash register, falsifying time sheets,…
The legislation also amends the fee structure applied to insurers and insurance professionals operating in the state, including adjustments to licensing fees for producers, adjusters, consultants, viatical settlement brokers, and rental car entity producers. While the primary fee structure remains largely unchanged, the reallocation of tax revenue may signal a shifting focus from direct insurance…
The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. Source link
“Clearing dead plants, removing wooden furniture, (these are) things people might overlook outside forested areas,” said Heron. “There will be more focus on how homes are rebuilt and the materials used, especially roofing. If a roof isn’t fire-rated to a certain degree or is past a certain age, insurers may change terms, offering actual cash…