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 November issue of In The Public Eye has arrived and has a fresh new look! If you have any questions about the articles in this issue or have any other insurance-related questions, please contact us.
FEATURED ARTICLE
PFAS Contamination Forces Eau Claire, Wisconsin, to Shut Down City’s Wells
Insurance Journal
The city of Eau Claire, Wisconsin, has shut down almost half its wells due to PFAS contamination.
Wisconsin Public Radio reported that the city announced in July that it had shut down four of its 16 wells after tests found PFAS levels exceeded the groundwater standard of 20 parts per trillion as recommended by state health officials. Now the city has closed down three more wells after more tests showed they’re contaminated with a mix of PFAS chemicals.
IN THE BROKER'S CORNER
Backseat Drivers of Nuclear Outcomes: Litigation Financing and Letters of Protection
Markel
In today’s litigation climate of ever-growing social inflation,
plaintiffs are employing a number of tactics to argue for higher
economic damages in the hopes of securing larger awards. Two
such tactics are litigation financing and letters of protection.
IN THE PUBLIC EYE PODCAST
NCAA Decides Athletes Can Profit from Name, Image, Likeness (NIL)
Alliant
In a decision made earlier this year, the NCAA has adopted an interim policy that allows athletes at all its member colleges and universities the ability to profit from their names, images, and likeness — or NIL. Carleen Patterson, Alliant, sits down with Eric Seaborg, Alliant, to discuss the complicated decision and the possible risks for colleges and universities.
NEWS
25% of Infrastructure Under Flood Risk in 30 years; FEMA Wants Input on Standards
Insurance Journal
Just as new research shows that a fourth of the critical infrastructure in the U.S. – along with an increasing number of homes and businesses – are at risk of flooding in the next 30 years, FEMA is seeking public input on floodplain standards and regulations.
COMMERCIAL P&C
To Pay or Not to Pay: Is That the Question?
Leaders Edge
Blanket ransomware payment prohibitions are counterproductive to improved cyber coverage. We are on the heels of the 20th anniversary of 9/11, and many of us lived the Terrorism Risk Insurance Act debates that followed.
EMPLOYEE BENEFITS
Prevent Seasonal Flu
CDC
Note: “Prevention and Control of Seasonal Influenza with Vaccines: Recommendations of the Advisory Committee on Immunization Practices — United States, 2021-2022 Influenza Season” has been published. More information on the upcoming 2021-2022 season is also available.
FINANCIAL SECURITY
Social Security benefits get a huge bump. But retirees need to do more to protect savings
CNN
The announcement that Social Security retiree benefits will rise by 5.9% next year -- the largest cost of living increase since 1982 -- should be welcome news for many seniors.
ON A PERSONAL NOTE
Alien Abduction Insurance
Leaders Edge
“For people in the insurance industry, this is an inside joke.”
Every year around autumn, we at Leader’s Edge let loose and report on some of the spookier sides of the insurance industry.
MANAGEASE
DOL Issues Final Tips Rule for Civil Money Penalties
ManagEase
The U.S. Department of Labor (DOL) recently published a Tips Rule addressing civil money penalties (CMPs) for violations (2021 tips rule).