Category: Articles
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Addressing Consequential Damages in the Property Policy
Property insurance policy drafters have long attempted to address how excluded perils, such as faulty workmanship, latent defects, design defects, wear and tear, corrosion, or erosion, affect coverage. Approaches have included: “Resulting loss or damage” carve-backs “Cost of making good” faulty workmanship London Engineering Group (LEG 1, 2 and 3) defect clauses It is helpful…
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Structuring Construction Liability Coverage for Multifamily Developers
A well-structured General Liability program can significantly improve cost efficiency, risk control, and long-term outcomes for multifamily developers. Developers are paying for all General Liability insurance tied to their projects, whether that cost is visible or hidden. Developers can rely on the general contractor (GC) and subcontractors to carry coverage and build it into their…
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Putting Your Best Risk Forward: Strong Submissions for Real Estate Accounts Lead to Better Outcomes
As an insurance marketing account executive for McGriff Specialty, my role includes presenting my clients’ accounts in the best possible light to our insurance company partners. How I submit each account directly affects the coverage options and terms we receive. Accounts presented favorably tend to generate more interest from a larger pool of insurers, which…
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De-Escalation in Hospitality: Enhancing Safety, Respect, and Risk Management
The Critical Role of De-Escalation in Hospitality In the dynamic and often high-pressure environment of hospitality, managing conflict effectively is not just a matter of good customer service, it is a vital component of safety, risk management, and business continuity. Whether in hotels, restaurants, bars, or event venues, employees frequently encounter situations involving upset guests,…
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The Impact of Nuclear Verdicts and Modern Courtroom Tactics on Claim Adjusting
Two of the most influential developments are the rise of extremely large jury awards—commonly referred to as nuclear verdicts—and the evolution of modern courtroom strategies used by plaintiff attorneys. Together, these trends have increased claim severity, heightened litigation risk, and forced insurers to modify how claims are investigated, documented, reserved, and settled. As a result,…
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Plaintiff Attorneys AI Claim Severity
This article explores how plaintiff attorneys use AI to drive claim severity—maximizing the value of claims through data-driven insights and advanced analytics. It further examines the legal and ethical challenges posed by AI use, the countermeasures employed by defense counsel, and offers recommendations for policymakers to ensure fairness and transparency in litigation. Literature and Market…
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Inside Management Liability Exposures for Family Offices
A family office is a private organization established to manage the financial and personal affairs of a wealthy family. Typically serving families with assets exceeding $100 million, these entities oversee investments, trusts, estate planning, tax strategy, and philanthropic activities, and they often operate businesses. Family offices vary widely in structure. Some have formal boards or…
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Auto Dealerships – Pardot Embed Test
Auto Dealerships Risk Management Solutions to Keep Your Dealership Moving Your business is unique and your vision and objectives are different from your competitors. Our team will take time to understand your needs and work with you to design a customized risk management program that might one day mean the difference between a minor loss…
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The High Cost of Workplace Complacency in Risk Management: Why Organizations Can’t Afford to Ignore It
Beyond the direct and indirect financial losses, complacency exacts a heavy toll on the human element—leading to more injuries, lower morale, and even loss of life—and erodes the safety culture that underpins sustainable operational success. As businesses navigate demanding production schedules and challenges in hiring and retaining good employees, complacency remains a hidden but costly…
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Single-Parent Captives: A Strategic Risk-Financing Tool for Construction Leadership
A single-parent captive offers construction leadership a strategic alternative. For large construction firms, insurance is not just a line item. It is a material operating expense and a source of earnings volatility. As premiums fluctuate with insurance market cycles, carrier appetite, and industry-wide losses, even the safest contractors with a strong risk management culture can…