The Gallagher Market Conditions Update: 2015 Insurance Company Professional Liability (ICPL) Insurance report provides an overview on key ICPL issues in 2014 particularly in that primary insurers proved to be fairly disciplined in their underwriting. Increases varied based on the risk characteristics, but for accounts with moderate to low-risk profiles, year-over-year increases were generally in a range from 0% to 10%. So what is on the horizon for ICPL in 2015?
1431 - 1440 of 1858 items
The Gallagher Market Conditions Update: 2015 Real Estate Market report notes that underlying fundamentals in commercial real estate continue to improve and are helping to drive successful insurance negotiations for clients. Commercial valuations are rising rapidly and financing is readily available. Improved opportunities in bank lending and low interest rates also are driving the business at the moment. So what is on the horizon for 2015?
The issue of student-on-student sexual assault has swept through colleges like a tidal wave, and its impact is starting to be felt by independent schools. At least 90 colleges are currently under federal investigation for potential violations of Title IX, the law that regulates sexual assault at institutions receiving federal funds. Even though most independent schools are not subject to Title IX compliance, the law will likely establish a standard of care for all educational institutions. Is your school or your students prepared?
Without a well-thought-out compensation philosophy, incentive plans may be poorly designed and thus not effective. In 2005, James F. Reda wrote an article on the importance of a compensation philosophy. Since then, executive compensation has changed drastically. The Compensation Discussion and Analysis, combined with shareholder pressure, shifted the mix of performance shares from approximately 1/3 of the total long-term incentive award in 2005 to over 1/2 in 2013. This has resulted in the emergence of a new concept: the pay for performance curve.
We have all witnessed the devastating effects Mother Nature can cause throughout the year. Hosted by Agility Recovery and Gallagher's Loss Control Practice, this webinar focuses on your business' emergency and disaster preparedness, business continuity and recovery planning. Now is the time to prepare for the threats posed by flood waters, severe thunderstorms and tornadoes. How well will you be prepared to serve those who depend on you in their time of need?
In November of 2009, the paradigm for how we manage risk changed. The "new language of risk", and how to implement an enterprise-wide approach to risk management, is grounded in the value that risk management can bring to an organization. Gallagher's The New Language of Risk Management whitepaper addresses the topic of Enterprise Risk Management (ERM) - for public or private organizations, the nuances of regulations and more.
Purchasing procedures for public entities and schools are designed to meet statutory requirements for a fair and consistent process. The purpose of a Request for Proposal (RFP) is for the good of the public entity and to demonstrate that an entity’s risk financing arrangements are being made through reputable insurers. This whitepaper offers examples of mistakes you can avoid in the RFP process.
Each year, slip-and-fall accidents continue to be one of the leading causes of work-related injuries - from minor lacerations to more serious injuries. Claims statistics show slip-and-fall claims continue to cost public employers tens of thousands of dollars each year. This Gallagher School Talk newsletter features five general rules that will help you to reduce your business' risk exposures to slips and falls claims.
Anthem was recently the target of a very sophisticated external cyber attack. The attackers gained unauthorized access to Anthem's IT system and obtained personal information from their current and former members, including: names; birthdays; member ID/Social Security numbers; mailing addresses; email addresses; and employment information, such as, income data. Based on what Anthem is currently reporting, there is no indication that banking, credit card or medical information (such as claims data, test results, or diagnostic codes) was targeted or compromised. As we learn more, Arthur J. Gallagher & Co. will update our Directions newsletters accordingly, or send out a special alert if warranted.
Jokes about nagging back pain may get standup comedians lots of laughs, but back strains and sprains are not funny at all, nor should they be an unavoidable curse to anyone. The cost of back injuries suffered in California’s workplaces last year added up to millions of dollars. Those disabling back injuries were no laughing matter for the workers who lost time from work and their personal activities. The sad truth is that most of the pain and lost time could have been prevented if workers had been made more aware of how their backs function and how to safely lift bulky or heavy loads.