Pension and Welfare Plan Fiduciary Liability renewals were stable in 2014, and this coverage line continues to be the least affected within the Management Liability solutions. With recent claims trends directly affecting the insurance market, this Gallagher Management Liability Market Update: 2015 Fiduciary Liability report takes a look at some key claims statistics drawn from Advisen Ltd.’s Master Significant Cases and Actions Database (MSCAd).
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The Gallagher Market Conditions Update: 2015 Healthcare Management Liability report provides an update on several key issues in healthcare management including the profound impact the Affordable Care Act has had on all sectors within the larger healthcare industry. The uptick in claims frequency and severity can be directly tied back to the changes spawned by the Act.
The Gallagher Market Conditions Update: 2015 Kidnap, Ransom and Extortion Liability report offers a 2014 recap of a continuing trend of movement in Crisis Response Firms’ insurer relationships as well as consolidation among Crisis Response Firms businesses. Premium for kidnap and ransom coverage remains stable and competitively priced; however, increased incidence of risk in many countries will cause some insurers to restrict coverage, not offer terms or increase premiums for those in high risk areas.
Stay informed on the latest healthcare reform news. Gallagher's Healthcare Reform Update newsletters provide timely, easy-to-understand information about new and revised regulations. Download this month's latest release.
The Gallagher Market Conditions Update: 2015 Employment Practices Liability report offers an evaluation of the 2014 EPL market. It summarizes the situation as a relatively static claim environment and similarly stable EPL insurance market. While a significant increase in EEOC staffing and some increased scrutiny into certain areas might suggest an increase in EEOC activity for 2015, the update indicates a continuing stable market forecast with flat to modest increases (zero - five percent) for most insureds.
The private company Directors and Officers market is firm but improving for Private and Nonprofit Companies. Though perhaps not as severe as the 2001-2003 period, it has been with us for almost four years. In fact, the overall harder market for D&O was led by the Private Company sector. Read the Gallagher Market Conditions Update: 2015 Private and Nonprofit Companies Directors and Officers Liability report.
Space heaters carry a much greater risk of causing a fire than central heat - particularly given an increased potential for accidental fires due to misuse and/or human error. The U.S. Consumer Product Safety Commission estimates that roughly 25,000 residential fires are caused by the use of space heaters every year, resulting in more than 300 fatalities. If you select one for your office or home, what safety precautions can you take?
Years ago, many publicly traded companies agreed to provide their retirees healthcare benefits for at least some period of time. However, since then, rising medical costs, longer life spans and global competition have rendered these benefit obligations increasingly challenging for employers to maintain, particularly when the benefits are deemed to cover employees for life (not just while employed).
Over the years, K-12 schools and school officials have become targets for liability lawsuits by parents and students arising from bullying. Generally, courts are reluctant to hold schools liable in these cases and have set a high legal standard for school liability. Nevertheless, schools should proactively take steps to prevent liability exposure to bullying litigation.
The goal of this Practice Update is to provide a broad overview of investing in emerging market equities.