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01.22.2021

Colorado State University Researchers Correctly Predicted Extremely Active 2020 Atlantic Hurricane Season

The 2020 Atlantic basin hurricane season was one of the most active on record.  2020 had 30 Atlantic named storms, breaking the old record of 28 set in 2005.  As was the scenario in 2005, this season’s storm activity pushed the naming of storms into the Greek alphabet after the customary alphabetical named storm list was exhausted, thus resulting in named storms Alpha, Beta, Gamma, Delta, Epsilon, Zeta, Eta, Theta and Iota. 2020 also had 13 Atlantic hurricanes, the 2nd-most on record, trailing only 2005 which had 15. The research team at Colorado State University’s Tropical Meteorology Project correctly predicted that the 2020 season would be very active.

CATEGORIES Property
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01.07.2021

ACEC Chapter Summary: "Roles, Risks and Insurance Requirements in Public Private Partnership Projects"

American Council of Engineering Companies (ACEC) has published the Third Edition of its prolific book, Public – Private Partnerships:  Opportunities and Risks for Consulting Engineers.  The 2020 edition expands on prior versions, offering proposed guidelines for best practices and other initiatives to improve the performance of the respective project roles and alleviate the risk concerns of consulting engineers in Public Private Partnership (P3) and Design-Build (DB) projects.


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12.09.2020

Coronavirus Poses Management Liability Market Challenges

2020 has been an unprecedented, challenging year for the professional lines market. Hardening market conditions escalate, management under scrutiny for proper adherence to public health guidelines, mega bankruptcies shake up struggling industry sectors and employee layoffs and furloughs trigger pandemic-induced litigation – all occurring amidst a backdrop of economic volatility. The global coronavirus pandemic has thrown fuel on the fire placing the management liability market under stress, demanding disciplined, cautious underwriting.


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12.02.2020

Medical Stop Loss Insurance: Helping Health Insurance Corporate Buyers Keep Pace with Medical Inflation

Over the past ten years, healthcare costs have risen steadily each year as treatment and care options have become more sophisticated and advanced. As a result, corporate health insurance buyers are looking for more effective solutions to manage their healthcare spend, which is their biggest cost behind payroll. For employers who chose to self-fund their health insurance programs, employer stop loss insurance protects those groups against large or catastrophic claims, as an alternative to traditional group health insurance and benefits plans. The medical stop loss insurance sector has experienced dramatic growth in recent years as more employers migrate to self-funded health insurance programs, which offer customizable coverage for employees with disciplined cost containment oversight.


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11.11.2020

The new normal in life sciences

Prior to 1985, patients relied heavily on their physicians for drug information — especially for data on sourcing and side effects. Direct-to-consumer advertising existed on a limited basis, leaving physicians as the primary recipients of Life Sciences marketing. Physicians had to trust the research, development, and trial testing of the Life Sciences companies. While the Life Sciences industry has always been heavily regulated, most drug testing

at the time occurred in-house as part of the manufacturer’s quality control. If a problem was identified, it was handled by the company, with little public awareness. Moreover, information was not easily accessible, which limited the average consumer’s knowledge of drug sourcing, development, and safety.


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