|For Prot D&O/Crime||$1,000,000 D&O/$250,000 Crime||$24,500||Start-up company that manages nursing homes|
|IP Infringement||$1M||$16,000||video editing for major car brands in the US|
|Privacy/Network Security||$10,000,00||$105,000||Auto dealer with about 2M PPI (personal identifiable information) records|
A Ponemon Institute survey of small businesses throughout the United States found that 55 percent of those responding have had a data breach, almost all involving electronic records….
Using Advisen’s MASCAd database containing about 255,000 cases, Advisen specifically took a look at EPLI and D&O cases. The database focuses on the largest cases….
XL Catlin Group says pressure to improve results will lead to rate increases of up to 5 percent overall on private company D&O/EPLI policies this year….
By: Derick M. Stitik, SVP Socius Property Practice
Well friends, here we are again pushing through a continuing softening property market. The cycle continues, the insurance industry continues to perform at high return rates for investors, capacity is abundant, and pricing continues to slide….
|Property including Wind||$5,256,000||$19,300||Astronomical Observatory|
|Earthquake/DIC||$50,944,688||$200,000||Resort and Spa|
|Property including Wind||$29,147,708||$184,214||Investment Firm|
Rapid urbanization and minimal construction building codes have been identified as issues that increased the severity of destruction of Nepal’s most recent earthquake….
Kevin McCarty spoke to the US Senate Committee on Banking, Housing and Urban Aairs, 4/28/2015 & to the US House of Representatives Subcommittee on housing and Insurance 4/29/2015 on behalf of the National Association of Insurance Commissioners….
By: Rodney Nubin, SVP Socius Casualty Practice
Product recall, are two words no food manufacturer or processor wants to see next to their name. But the food industry is one of the most exposed industries to a product recall….
|General Liability||1/2/2 Limits||$62,316||Commercial & residential plumbing contractor|
|Excess Liability||$15M||$63,730||Lutheran Churches|
|General Liability||1/2/2 Limits||$52,500||Contractor for high-end residential projects|
Much is said about punitive damages and how they are used to punish wrongdoers. Plaintiffs dream of large punitive damage awards….