Cyber insurance had record rate increases in 2021 and there are no signs of slowing down during 2022. The types of attacks and vulnerabilities are changing quickly as bad actors are constantly testing and exploiting newfound weakness in corporate cyber defenses. The size and scope of ransom demands continues to increase exponentially. Whitepaper: Corporate Safety … Continued
Like 2020, the year 2021 was tumultuous for many reasons. Developments in cyber security and the market for cyber liability insurance were no different. In response to these conditions, significant changes to available coverage for cyber liability insurance may lie ahead. Several carriers have already submitted new forms and rates for 2022. Other carriers may … Continued
In this episode of Expect an Expert, we’ll be discussing specialty pharmacy strategy. We’ve invited our Director of Pharmacy Solutions, Dr. Chris Antypas, to speak about specialty medications and their impact on work, cost, and pharmacy benefits for employers. Time Stamps: 00:49 Dr. Antypas’s unique background and experience 01:51 Could you tell us more about … Continued
In this episode of Expect an Expert, Henderson Brothers’ in-house counsel, Peter Horne, answers 4 questions about excessive fee litigation and its impact on insurance. An excessive fee lawsuit is when participants in a retirement plan allege that the plan sponsor (or other entities or individuals) breached their fiduciary duties by making the participants pay … Continued
Eight-figure and beyond damages continue to be paid out to plaintiffs as a result of lawsuits related to trucking accidents on US roads. The increase in the awards continues a trend which has produced record settlements over the last four years. As trucking companies face tighter insurance markets costly litigation will continue to play a … Continued
Shareholders who hold dual or multiple capacities at your organization will impact who is an insured and ultimately covered under your organization’s D&O policy. Such dual capacities and the reps and warranties made from those roles are especially important in M&A situations. In order to avoid a costly dispute with your carrier, work with your … Continued
A recent decision from the Sixth Circuit reveals how exclusions in your D&O policy might negatively impact your compliance activities. In the case of Barber v. Arch Insurance Company, 2021 U.S. App. LEXIS 20368 (6th Cir. July 7, 2021) (“Barber”), the court determined a coal company’s D&O policy would not supply coverage, because the company’s … Continued
A Builder’s Risk policy is a variation of a property policy that offers protection in construction scenarios not typically not seen in a standard property policy. In this episode of Expect An Expert, we are joined by our commercial insurance experts Clem Wandrisco and Dan Coast, as they elaborate on Builders’ Risk policies, explain certain … Continued