Social inflation is an issue that continues to gain intensity – but what does it mean for our industry? The term describes the convergence of societal and legal trends to the tune of increased litigation, broader definition of duty to care, legal decisions tipping in the plaintiff’s favor, and larger jury awards. In turn, we’reContinue reading “The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry”
Congratulations to the 2021 OAPSLO Board of Trustees elected at the Dec. 16, 2020 Annual Business Meeting! We are looking forward to an exciting year ahead under their leadership, and being your voice for the specialty and surplus lines insurance industry in Ohio. Go to oapslo.org to renew your membership or join today. President –Continue reading “OAPSLO Board of Trustees Elected”
By Carolyn Mangas 12/17/2020 On Nov. 23, Gov. DeWine signed House Bill 404 into law. This legislation includes an immediate extension for licenses that are set to expire on or before April 1, 2021 and allows them to remain valid until July 1, 2021. This is the second license extension that the Ohio General Assembly has granted. If youContinue reading “COVID Relief Measure Extends Some Insurance Licenses Until July 1, 2021”
By Ken Kukral, VP of Special Risks, International Excess Program Managers, a division of One80 Intermediaries I remember a number of years ago when I went to a reception held on the aircraft carrier The USS Intrepid. Kind of a unique place for a cocktail party but I figured I would go check it out. Continue reading “The Lost Art of Submission Narratives”
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