Author: completebodyneeds

East Risk Placement Services Inc., W.N. Tuscano Agency Inc. Arthur J. Gallagher & Co.’s U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services Inc. (RPS), acquired Greensburg, Pennsylvania-based W.N. Tuscano Agency Inc. Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, provides services in approximately 130 countries. Tuscano is a managing general agency and wholesale insurance broker for independent agents in western Pennsylvania. The Tuscano team, led by Robin Tuscano, will remain in the firm’s current location under the direction of Steve Levin, Northeast Region leader for RPS. Terms of the transaction were not disclosed. Midwest NFP,…

Technology advancements have brought a lot of positive things to the job search process, but it comes with the loss of personalization–something that is crucial to recruitment. One way you can avoid falling into the trap is to prioritize candidate management. Many organizations, especially in industries like insurance, struggle to balance the demands of high-volume applications and a large quantity of job openings with quality candidate experiences. This often results in a transactional approach that neglects crucial relationship-building between hiring managers, HR professionals, and candidates. The significance of building relationships with job seekers cannot be overstated. When you prioritize relationships…

The top U.S. financial regulator on Friday made permanent its decision to cease judging whether companies may exclude shareholder resolutions from votes at annual meetings, leaving investor activists concerned about diminishing influence. In practice, the change announced by the U.S. Securities and Exchange Commission extends a freeze put in place last November on deciding whether to approve corporate requests to skip votes on shareholder proposals. The responses were known as “no-action” letters because they answered corporate requests for assurance the agency would take no action if executives skipped votes on proposals that often deal with hot-button issues like carbon emissions…

Emergency services were attempting to control a large wildfire in the east of Belgium on Sunday, after the blaze destroyed about 2,700 hectares (6,700 acres) of a nature reserve and forced about 600 residents to evacuate in an area near the German border. Local media said the fire in the Hautes Fagnes reserve is the largest in Belgium’s history, though authorities on Sunday said no homes had been damaged. The fast-moving wildfire is nearing the German border, with the city of Monschau, a major tourist hub in the Eifel region, in focus. Local authorities early Sunday morning urged residents in…

Commercial Property Market Details: CARA insures large commercial property assets in Florida, including but not limited to condominium buildings, apartments, warehouses, and more. Tailored insurance solutions are designed to safeguard the integrity of the property against coastal risks, ensuring long-term …

It’s no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. Three ISO exclusions have garnered more interest from carriers, according to an attorney who practices in the cyber space and an expert who helped write the exclusions. “There’s been a major shift in the insurance industry’s treatment of AI-related risks and insurers are moving very quickly to limit this exposure,” said Alana McMullin, a partner in Lathrop GPM, whose practice focuses on defending clients in complex insurance disputes, products…

Upon move-in, a resident signed a lease requiring renter’s insurance. But after two years in the apartment, no one has verified the policy is still active. In fact, it lapsed three months ago. Next thing you know, a loss event occurs, and a dispute follows, but there’s no insurer to pursue. This kind of scenario isn’t an edge case for many operators in the multifamily space but reflects how they often manage renter’s insurance: It’s verified once, then assumed valid. A lax approach to renter’s insurance compliance is becoming harder to sustain as property insurance costs rise. One survey estimates…

Two weeks after an unprecedented hacking attack shook the tiny Alpine principality of Liechtenstein and its outsize financial center, officials say they still don’t know who the perpetrators were or what they want. Yet one thing is clear according to its prime minister: the country won’t pay a ransom for the data. If a ransom demand were to be made, that simply “wouldn’t be an option,” Prime Minister Brigitte Haas said in an interview in Vaduz. The request for ransom is just one of many possibilities being evaluated by officials, she said. The attackers haven’t yet been identified and no…

The UK Ministry of Defense is stepping-up scrutiny of its supply chain after discovering some of its naval drones transmitted signals to China. The department revealed earlier this week that a routine cyber vulnerability assessment identified an issue affecting K3 Scout drones made by Kraken Technology Group and used by the Royal Navy. Officials are looking for other vulnerabilities in its defense industry, including if any other contractors use cameras made by the same supplier that Kraken sourced from, according to people familiar with the matter who asked not to be identified discussing private conversations. “Our assurance and testing processes…

This is the first in a series of three columns about exclusionary or limiting policy endorsements to be wary of. In this column, we’ll talk about several commercial liability forms to avoid or be wary of, followed in the next two months by examples of commercial property and auto forms, respectively. In my April 2019 column, I wrote about how to prevent your customers’ uncovered losses and, as a result, minimize your E&O exposure. This was the first in a series of a dozen articles based on my book “When Words Collide: Resolving Insurance Coverage and Claims Disputes.” Prevention involves…