While working to clear out a pumped-out riverbed for a construction project, a Gallagher client reported three separate injuries to employees. All three claims were reported directly by the insured to their USL&H workers compensation carrier. The claims were handled as workers compensation claims until the carrier questioned each individual’s status and determined that the claims should be handled as Jones Act seaman claims.
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Survey respondents provided data on their excess liability (XL) limits and educators’ legal liability (ELL) limits purchased, as of December 2015. This Liability Benchmark report is divided into four principle categories: Aggregate Data, 2-Year Community Colleges, 4-Year Public Universities and 4-Year Private Colleges and Universities.
Strong consumer spending data last week had markets all but convinced that the Fed will raise interest rates in June or July.
This issue supports ASHRM’s HRM Week, has analysis on medical device cybersecurity risk and insurance response, and looks at trends in nontraditional hospital partnerships, and a publicly-disclosed settlement of ERISA exemption church plan litigation.
This time of year brings thoughts of flowers blooming, birds singing and no more snow, ice, sleet and cold temperatures to face, so let’s sit back, relax and enjoy the drive. NO! NO! NO! As road conditions improve and temperatures warm up, life seems better on the road. However, professional drivers understand that you only trade one set of hazards for another.
As a trusted advisor, Gallagher has developed its Compliance Playbook series to help employers identify targeted employee benefits compliance issues as part of an overall game plan. The June edition focuses on Summaries of Benefits and Coverage.
On May 17, the EEOC published two sets of final rules applicable to employer-sponsored wellness programs – one under the ADA and the other under GINA. Our Technical Bulletin summarizes these final rules.
Effective organizations know that accountability is a primary key to getting the results that are expected and therefore, success. Quite simply, people tend to focus on what is getting measured and this measurement serves to both motivate action and improve performance. To complicate matters, organizations that would not be described as “effective” also value accountability. They just don’t value the same kind of accountability.
Whether we like it or not, the threats posed by spring severe storms and tropical systems are here to stay for the next few months. We’ve already seen two named tropical storms in 2016, and massive flooding continues to threaten portions of the Midwest already weary from a long year of torrential rains.
Gallagher D&O Modeling Evaluation (DOME) supplements benchmarking and the analysis of actual historical large D&O losses as a method for assessing D&O risk – one which our experience shows to be the most accurate. Our D&O limits model is based on Gallagher’s proprietary models and algorithms and relies wholly on client data to project potential liabilities. The data used by the model includes the client’s specific ownership structure, industry and a variety of unique trading data such as market capitalization and price volatility. The model estimates the amount of D&O insurance coverage required to cover most D&O claims. In this paper, we will explore recent results from the National Economic Research Associates’ (NERA) 2014 report on D&O liability and compare them to our model assumptions.