Professional liability insurance protects business professionals and their companies against claims due to professional errors, mistakes, negligence, or omissions. Unfortunately, professional liability coverage forms aren’t always straightforward, and policy terms and...
Did you purchase one (or more!) of the 375 million items sold during Amazon’s 2023 Prime Day event? Each year, shoppers mark their calendars for Prime Day, anticipating killer savings on home goods, appliances, toys, and more, all delivered to their door within days....
Last month, St. Margaret’s Health, a hospital in Spring Valley, Illinois, was forced to permanently close their doors. They attribute the closure in part to a 2021 ransomware attack. The rural hospital had been struggling to stay afloat amidst the Covid-19 pandemic...
We all can appreciate the conveniences of technology in our lives. That convenience along with digital interconnectedness have given rise to a multitude of cyber risks that threaten organizations of all sizes and types. The cost of these annual cyber threats in the...
The Infrastructure Investment and Jobs Act (IIJA) marks one of the most significant physical infrastructure investments in the U.S. in more than five decades. Over the past 18 months, it has led to an increase in projects and jobs across multiple industries. As...
Internships play a crucial role in bridging the gap between academic learning and real-world experience. According to the National Association of Colleges and Employers (NACE), student intern hiring is on the rise, after a COVID pandemic dip. Based on results from...
First introduced in 2021, Risk Rating 2.0 is a new methodology created by the Federal Emergency Management Agency (FEMA) for determining flood insurance rates. Its goal is to provide fair and transparent flood insurance pricing that reflects an individual property’s...
2022 broke historic records with the highest number of product recalls in the United States. Could 2023 be on track to beat that record? Possibly. According to Sedgwick’s 2023 Product Recall Index report, the first three months of 2023 saw the total number of product...
From supply chain bottlenecks to misdeclared cargo, there are a number of forces currently at play in the cargo insurance marketplace. We sat down with Jencap’s Inland Marine Brokers and VP of Falvey Insurance Group Will Frohne to dig in and unpack these trends. 1....
Hurricane Ian claimed the #1 spot for the world's costliest natural disaster last year, and positioned 2022 as the third most expensive hurricane season on record (behind 2005 and 2017). All told, the storm tallied up around $100 billion in losses, with private...
Owner-controlled insurance programs (OCIPs) are a type of “wrap-up” insurance policy that a property owner can take out for a construction or renovation project. Unlike the traditional construction insurance model — where each contractor or subcontractor secures their...
Surety bonds are an essential risk-management tool for the construction lending industry. They offer a financial buffer in the event that a project is left incomplete or fails to meet its agreed upon terms and conditions. Although bonds are often a required part of...
Despite the growing acceptance and legalization of cannabis, it remains federally illegal in the United States, creating unique challenges for the industry. Jencap explores three possible future scenarios for federal cannabis reform and their impact on cannabis insurance.
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