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PERSPECTIVES: Better risk management results in cheaper cyber insurance

By: Christopher Brubaker

Published December 07, 2014 - 6:00am CST

Applying a methodical approach to identifying cyber strengths and vulnerabilities at all levels of a company — from administrative to technical — will give a risk manager a strong hand when the time comes to purchase cyber insurance, an increasingly complex endeavor, says attorney Christopher Brubaker of Clark Hill P.L.C.

PERSPECTIVES: Drone regulation would create need for liability insurance

By: Jonathan S. Ziss

Published November 23, 2014 - 6:00am CST

Civilian use of unmanned aerial systems, or drones, is transforming certain industries but current aviation regulations don't effectively address the technology, says Jonathan S. Ziss of law firm Goldberg Segalla L.L.P. Once regulations are in place, a liability framework should emerge that will lead to an increased need for insurance.

PERSPECTIVES: Pollution liability insurance lowers commercial contractor risks

By: Jeffrey M. Slivka

Published November 09, 2014 - 6:00am CST

As the commercial real estate market begins to rebound, risks from environmental exposures remain a threat, says Jeffrey M. Slivka, executive vice president and chief operating officer of New Day Underwriting Managers L.L.C. in Hamilton, New Jersey. Contractors pollution liability is available and premium rates are falling, he says.

PERSPECTIVES: Greater storm threats require collaborative risk forecasting

By: Holly Bamford

Published October 26, 2014 - 6:00am CST

Effective disaster risk management requires a partnership of community, state and federal leaders, private-sector businesses and the insurance industry, says Holly Bamford, Ph.D., National Oceanic and Atmospheric Administration's acting assistant secretary for conservation and management. For example, Since Sandy, NOAA has been working with a coalition on storm surge tools for New York City and...

PERSPECTIVES: Transatlantic Trade and Investment Partnership must include insurance markets

By: Steve Simchak

Published October 12, 2014 - 6:00am CST

It would be a big missed opportunity if the final agreement of the Transatlantic Trade and Investment Partnership excludes a sector as significant as financial services, says Steve Simchak, director of international affairs at the American Insurance Association. Doing so could leave U.S. insurers in a neutral or even worse position than they are in now. In the months ahead, financial services...

PERSPECTIVES: Businesses should lead disaster resiliency nationwide

Published September 28, 2014 - 6:00am CST

Predicting the weather is a job best left to the professionals, but being prepared for the next storm, wildfire or extreme temperatures can be part of everyone's responsibility. The business community has a unique opportunity to be a linchpin in the nation's resilience against the uncertain challenges accompanying severe weather threats, says Julie Rochman, president and CEO of the Insurance...

PERSPECTIVES: BP coverage dispute tests ‘additional insured’ obligation

By: Christopher C. Loeber and Kelly A. Lloyd

Published July 25, 2014 - 11:27am CST

A Deepwater Horizon-related coverage dispute highlights the need for corporations to square their commercial contracts with their insurance policies. Christopher C. Loeber and Kelly A. Lloyd with the law firm Lowenstein Sandler L.L.P. discuss the interplay between indemnification agreements and “additional insured” provisions and the importance of retaining insurance coverage counsel...

PERSPECTIVES: Data breach notification rules also affect insurers

By: Marc S. Voses and Scott Paris

Published June 24, 2014 - 9:41am CST

Most states require companies to notify potentially affected customers following a security breach that may involve the loss of personally identifiable information, or PII. Several state insurance departments also require they be informed of data breaches at insurance companies they regulate. Marc Voses and Scott Paris of law firm Nelson Levine de Luca & Hamilton L.L.C. discuss the additional...

PERSPECTIVES: Ongoing Ukrainian crisis highlights role of political risk insurance

By: Kirk Pasich and John Heintz

Published June 19, 2014 - 3:19pm CST

The crisis in Ukraine and Russia highlights both the role of political risk insurance and the need to evaluate securing such insurance for companies doing business in other hot spots around the world. Kirk Pasich and John Heintz of Dickstein Shapiro L.L.P. discuss the benefits of buying political risk insurance, as well as the types of coverage available.

PERSPECTIVES: Don't bank on a general liability policy for protection after a cyber attack

By: Timothy D. Kevane

Published June 19, 2014 - 2:00pm CST

As the cyber market continues to grow, the range of insurance options is expected to expand. Now is a good time to move beyond any reliance on a general liability policy for a data breach and look into a cyber insurance product suitable for your business, according to Timothy D. Kevane, special counsel for law firm Sedgwick L.L.P.

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Perspectives Guidelines

Business Insurance accepts articles from experts in commercial insurance, risk management and employee benefits management for publication in its Perspectives section. The section is intended to be a forum for readers’ opinions and a forum for the discussion of technical topics that do not lend themselves to news stories. Interested in submitting a Perspective article for publication? Download our Perspective guidelines.