Cyber Insurance Threats and Underwriting Requirements Cyber insurance premiums are continuing to rise drastically in 2022. Insureds have seen premium increases from 50% to 400%. Premiums have increased due to a spike in claim frequency and severity. In the last 18 months, there have been many cyber breaches, but there are three that stand...Read More
LAW FIRMS IN THE POST-PANDEMIC WORLD The global pandemic changed everything. Even being a lawyer. By Jaimee Williams-Caldwell | Broker | Founders Professional Over the past year life has changed drastically. From our societal issues, to our healthcare, schooling for our children, to the shakeup of our workplaces and our life routines. Nothing is...Read More
Prior Acts Coverage – Insurance Coverage for Your Past Activities April 2021 For the last 18 months or so, the Professional Liability insurance markets (along with many other insurance markets) have been “hardening,” industry jargon for premiums increasing and/or coverage decreasing. Basically, the deals for the consumer are getting less favorable. As a result, many...Read More
Why are Premiums Going Up? March 2020 A private company, with no claims history and no cannabis or crypto currency exposure, gets their management liability renewal quote and the premium is up 20%. The CFO says, “Our company is the same as it was a year ago, why did my premium increase?” The current premium...Read More
Dare we say it?! There are signs of a hardening market in healthcare. February 2020 For those of you that have been around as long as I have, you’ve most likely experienced a “hard market.” For those of you that haven’t, you might be asking, just what is a hard market? IRMI defines it as...Read More
