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Understanding Local Pricing Is Crucial For Cannabis Claims

Understanding Local Pricing Is Crucial For Cannabis Claims

Cannabis businesses face a wide array of risks and obstacles. Arguably one of the main exposures to impact the industry so far is theft. As the medical and recreational cannabis markets continue to expand into new states, theft claims involving cannabis-related stock and/or raw materials are also on the rise.
March 10, 2020 Education & Training Excess & Surplus Lines

A Pandemic In the Making: Losses Related To Coronavirus Raise Insurance Coverage Questions And Concerns

A Pandemic In the Making: Losses Related To Coronavirus Raise Insurance Coverage Questions And Concerns

The story behind coronavirus reads like a Hollywood disaster movie: It appears to be a mutated virus with no available vaccination; over 50 million people in China have been quarantined; over 60,000 people are infected; over 1,300 people are dead; global businesses operating in affected zones in China have shut down or significantly restricted operations; and health experts project the outbreak may not peak until April 2020.
March 9, 2020 Education & Training

PLRB Claims Conference Canceled Due To Concern Over Coronavirus

PLRB Claims Conference Canceled Due To Concern Over Coronavirus

A major insurance claims industry conference scheduled to start Sunday, March 8 has been cancelled due to events related to the coronavirus. The event was scheduled for the Gaylord National Hotel in National Harbor, Maryland, outside Washington, D.C.
March 9, 2020 Education & Training

Why I Work In Insurance: A Millennial Perspective

Why I Work In Insurance: A Millennial Perspective

If you walk into a college classroom and ask, “How many of you would like to work in Insurance?”, I’d be surprised if anybody raised their hand. Unfortunately, there is not enough information given to millennials that promotes the exciting employment opportunities in the industry.
March 9, 2020 Education & Training

Insurance Professionals: Stop Sitting on Your Hands and Start Mentoring Young Talent

Insurance Professionals: Stop Sitting on Your Hands and Start Mentoring Young Talent

In today’s world, the mentality is “more for less.” This is especially true with our expectations of our new industry level professionals. We place more demands on our young professionals with less training.
March 6, 2020 Education & Training

Stop Loss Time Injuries From Spiraling: Swift Return To Work Can Save Lives

Stop Loss Time Injuries From Spiraling: Swift Return To Work Can Save Lives

When a worker finds themselves stuck at home after a workplace injury, they can feel disconnected from the world around them. Their days can become directionless without the routine of going to work and they may lose contact with their friends and colleagues from the office.
March 4, 2020 Education & Training Workers' Compensation

How Conquering Imposter Syndrome Builds Better Organizations

How Conquering Imposter Syndrome Builds Better Organizations

If you’ve ever thought that you have no idea what you’re doing at work and at any moment this fraud will be found out by your co-workers and bosses, you’ve probably experienced imposter syndrome.
March 2, 2020 Education & Training

Accelerate Your Insurance Career: 4 Leadership Development Opportunities This Spring

Take into account the insurance industry’s ongoing talent crunch and now may just be a great time to pick up some leadership training.
February 28, 2020 Education & Training

Countering Reptile Theory And The Growing Problem Of Runaway Jury Verdicts

In October 2019, a Philadelphia jury delivered an $8 billion verdict against Johnson & Johnson for its improper marketing of the antipsychotic drug Risperdal as a treatment for some mental-health disorders in children.
February 28, 2020 Education & Training Litigation

The Guerrilla Guide To Getting Leadership Experience

How many times have you applied for a leadership role only to be rejected due to lack of leadership experience? There’s nothing more frustrating than when you’re kicking butt in your job, you love it and know that you’ll be an amazing manager once you get that promotion, you can’t wait to get others as excited about the role as you are, but you can’t seem to get the go-ahead from management.
February 27, 2020 Education & Training

When Is A Vehicle Considered Totaled?

When and whether a vehicle involved in a collision is considered “totaled” for first-party insurance purposes is an issue of great angst and confusion for most consumers. We hear horror stories of older but functioning vehicles being “totaled” simply due to a bent frame or other seemingly minor or even hidden damage.
February 27, 2020 Auto Education & Training Subrogation

7 Ways Diversity and Inclusion Are Positively Impacting Insurance

In recent years, efforts to promote diversity and inclusion in insurance and other industries have become increasingly structuralized, hardwired into most companies’ business models.
February 26, 2020 Education & Training Risk Management

Policy Wording Critical To Assess Businesses Interruption Claims Over Coronavirus

The coronavirus outbreak has provided a textbook example of just how complicated insurance can be. Businesses around the world, especially those that deal heavily with China, are desperately trying to work out whether they can file successful business interruption claims for losses in revenue tied to the public health crisis.
February 26, 2020 Education & Training Property

Flipping The Narrative In An Industry Of Endless Possibilities

The current insurance industry is in a quasi-crisis in terms of talent. Over the next couple of years, there will be a mass exodus of legacy insurance professionals which will create a vacuum that must be filled by young talent. The talent gap stats have been blasted all over insurance articles so I will refrain from regurgitating that data here as the point of this article is deeper than statistical analysis.
February 26, 2020 Education & Training Risk Management

CLM Has More Than 50 Local Chapters Across The Country. Are You In One?

We’re in the thick of planning our 2020 Annual Conference next month in Dallas, and I’m personally very excited about our CCO Mini-Summit and several Annual Conference sessions on the hot topic of nuclear verdicts. Just like our Litigation Management Symposium last year, our focus on the nuclear verdict topic and the formation of a working group to tackle education on this issue was the idea brought to us by our membership.
February 26, 2020 Education & Training Litigation
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