Insurer Executive: Shifts In Risk, Liability Will Alter Construction Insurance

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Michael S. McGavick, the chief executive of insurer XL Group Ltd., delivered the keynote speech at the International Risk Management Institute construction conference earlier this month in Indianapolis. A former chief executive of Safeco Corp. and a former candidate for the U.S. Senate in Washington state, McGavick predicted in his speech and in a later interview that construction insurance would …

Contractors Should Know Exclusions in CGL Policy

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Whether you are a developer, builder, design professional, subcontractor, or supplier, one of the most important aspects of risk management is ensuring both you, and any entities with whom you contract, have good insurance. But, do you really know if you have enough insurance and the types of coverage you need? Ask yourself the following questions and speak to your …

Top Five Surety Carriers Ranked by Net Premiums

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National Underwriter’s Top 100 and Heads of the Lines lists — the data for which is provided by S&P Global Market Intelligence — today offer a look at which P&C groups are premium leaders in 11 key lines: Private Auto, Commercial Auto, Commercial Multiperil; Inland Marine; Workers’ Compensation; Product Liability; Fire; Ocean Marine; Surety; D&O; and stand-alone Cybersecurity. Read more …