IN THE PUBLIC EYE
The "In The Public Eye" newsletter is dedicated to exploring risk management topics and challenges faced by today's Public Sector leaders.
The August issue of In The Public Eye has arrived! If you have any questions about the articles in this issue or have any other insurance-related questions, please contact us.
IN THE PUBLIC EYE PODCAST
The Latest Regulations Around Cyber Risk Management and Cyber Incident Response
Alliant
Ron Borys and Ryan Farnsworth are joined by David Finz, Alliant, to recap trending topics that surfaced during 2022 With Intelligence HFM Billion Dollar Leaders Summit. The Financial R&R team also addresses the latest regulations around cyber risk management and cyber incident response.
IN THE BROKER'S CORNER
Law Enforcement Challenges
Alliant
Law enforcement liability has become increasingly difficult to insure in recent years. Many factors, including the public’s perception of law enforcement, have exacerbated adverse verdicts against municipalities. This has made it harder for insurance companies to appropriately set limits and premium amounts.
NEWS
Social Inflation's Devastating Effects on Commercial Auto Claim Costs
Carrier Chronicles
The commercial auto liability industry continues to see pricing increases across the board due to extreme losses. Where $1 million used to be a large loss, $5-10 million is now commonplace. We dive into the causes associated with these rising costs.
Read More
Opens in a new window.
CYBER CORNER
Hacktivism Explained
Alliant
Hackers exploit virtual vulnerabilities to gain access to networks and devices illegally. While most engage in this activity for financial gain, others, called hacktivists, have different motivations. These threat actors typically engage in disruptive or damaging virtual activity on behalf of a political, social, or religious cause.
Read More
PUBLIC ENTITY
Public Entities Reevaluate Liability Risks as More Plaintiff's Attorneys Bypass State Tort Protections
AMWINS
As insurers look to shield themselves from potential “nuclear” verdicts (large settlements and judgments from sympathetic juries), many carriers are either limiting the capital they deploy within certain classes of business or tightening terms and conditions around certain tort-based liability claims, for example, assault and battery (A&B), or sexual misconduct/molestation (SML).
COMMERCIAL P&C
Active Shooter Liabilities and Insurance Coverages
Alliant
According to the FBI report, 333 active shooter incidents meeting its definition occurred in the U.S. during this time. In 2022, the FBI reported that there were 61 active shooter attacks in the United States in 2021, up from 40 in 2020 and 30 in 2019. The new high number in 2021 is a 52.5% increase from the previous year.
EMPLOYEE BENEFITS
Continued High Inflation Rates and Employee Compensation
Alliant
Inflation in the United States has seen its largest 12-month increase since 1981, creating a challenging economic environment for both organizations and employees. According to the Bureau of Labor Statistics’ (BLS) consumer price index, the U.S. inflation rate had increased by 8.6% as of May 2022.
FINANCIAL SECURITY
Common Misconceptions About Your Insurance Coverage
Alliant Private Client
Major losses are hard enough to weather on their own. The last thing you need is the additional pain that comes from learning your coverage does not actually cover what you need it to. Further compounded by the fact that each policy is unique, and carriers have different options and requirements making it difficult to navigate the complexity of your personal insurance program.
ON A PERSONAL NOTE
August Fun Facts!
Alliant and Almanac.com
What do Caesar and Clowns have to do with August? Find out, with these August Fun Facts!
Trends, Views & Topics
Ongoing Developments and Impacts of U.S. Supreme Court Ruling Against NCAA Student-Athlete Compensation
Alliant
On June 21, 2021, the United States Supreme Court handed down a unanimous landmark decision that has the potential to totally reform the current system of NCAA amateur student athlete compensation. However, because the Court’s decision acted as a repudiation of the NCAA’s entire approach to the application of antitrust law to its system governing student amateur athletics the case is very likely to have a much broader impact.
Learn More
Opens in a new window.
EVENTS
Conferences, Speaking Engagements and Webinars
Alliant Public Entity attends and produces various events throughout the year. These events provide our team a chance to meet and network with members of the community, learn and present ideas.
Learn More
Opens in a new window.