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PERSPECTIVES: New risks emerge for public entities

By: Joe Caufield

Published June 08, 2014 - 6:00am CST

As the U.S. economy begins to bounce back, and communities across the country start to consider new emerging issues, local governments must shift their focus to include key risks that potentially bring new liabilities and exposures. Joe Caufield, chief underwriting officer with OneBeacon Government Risks, discusses these new public-entity risks.

PERSPECTIVES: Cross-border data breaches create complex regulatory landscape

By: Michael Bruemmer

Published May 12, 2014 - 8:54am CST

Cloud-based data storage and an international economy have combined to make global data breaches a genuine risk. In the U.S., companies face numerous separate state laws regarding how to address a breach, and the international arena becomes even more treacherous. Even multinational companies that have a plan for U.S. breaches often lack an international response plan. Having a reliable response...

PERSPECTIVES: Today’s digital risks require broad cyber insurance coverage

By: Lon Berk

Published April 27, 2014 - 6:00am CST

On the market since the late 1990s, cyber insurance is nothing new. But as the Internet spreads deeper into people's lives, cyber risks continue to grow and evolve well past simple data loss or compromise. Insurance buyers should try to find an insurance form to address their specific cyber needs, including the potential of business interruption, loss of reputation, and even bodily injury and...

PERSPECTIVES: Policyholders can use captives to broaden terrorism coverage

By: Matthew J. Howard

Published April 13, 2014 - 6:00am CST

Although policyholders can buy terrorism insurance backed by TRIA, the coverage does not include nuclear, biological, chemical or radiological attacks. To broaden the coverage, policyholders can use their captive insurers to take on the risks; however, careful attention needs to be paid to premiums charged and how the IRS will treat the coverage for tax purposes, says attorney Matthew J. Howard, ...

PERSPECTIVES: 2014 is a pivotal year for reassessment of benefits strategy

By: Amy Bergner and Michael Thompson

Published March 30, 2014 - 6:00am CST

Employers should re-evaluate their role in providing health care coverage and better define the value in their benefits strategy, say Amy Bergner and Michael Thompson of PricewaterhouseCoopers L.L.P.

PERSPECTIVES: Assessing the insurance risks of global warming and climate change

By: James Waller

Published March 02, 2014 - 6:00am CST

With the scientific consensus agreeing that global warming is happening, policyholders, insurers and reinsurers must assess the risks, the most pervasive of which is coastal flooding, and confront the challenges of climate change, says James Waller, research meteorologist at reinsurance brokerage Guy Carpenter & Co. L.L.C.

PERSPECTIVES: Cyber policies need flexibility to keep pace with changing laws

By: Linda D. Kornfeld

Published February 16, 2014 - 6:00am CST

Evolving consumer protection privacy laws are changing corporate exposures. Therefore, when buying or renewing privacy and data breach policies, companies should carefully review and seek modifications to policy language to ensure their policies are flexible enough to continue providing coverage if the laws and their exposures change during the policy term, says attorney Linda D. Kornfeld, a...

PERSPECTIVES: Dictionary definitions can be helpful in resolving claims disputes

By: Dennis T. Smith

Published January 22, 2014 - 5:44pm CST

Sometimes in an insurance coverage dispute, a policyholder needs to rely on dictionary definitions for terms that are not defined in the policy. Dennis T. Smith, a member of the law firm Pashman Stein P.C., explains how this is done.

PERSPECTIVES: Beware of catastrophe complacency

By: Roderick Hudson

Published December 29, 2013 - 6:00am CST

Insurers have seen an increase in catastrophe losses over the past several years, despite a relatively benign 2013. Underwriters and their policyholders need to take a proactive approach to managing catastrophe risks as they address the increased exposures, says Roderick Hudson, a regional underwriting manager at Markel Corp.

PERSPECTIVES: Top 2014 health reform priorities for employers

By: Amy Bergner And Michael Thompson

Published December 27, 2013 - 2:21pm CST

Employers are facing a turning point in providing health coverage, fueled largely by the Patient Protection and Affordable Care Act. Amy Bergner and Michael Thompson of PricewaterhouseCoopers L.L.P. urge employers to re-evaluate their roles in providing health coverage and pay attention to value.

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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.