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Are Business Income Losses Covered After Riot Damage Amid COVID-19 Closures?https://www.iamagazine.com/strategies/are-business-income-losses-covered-after-riot-damage-amid-covid-19-closuresAre Business Income Losses Covered After Riot Damage Amid COVID-19 Closures?Several of an agency's clients suffered damage as a result of the recent riots. However, they were already closed as a result of state-wide COVID-19 closures. How will the business income policy respond?6/12/2020 11:01:42 PMBOPCommercial Lines BOPStrategiesBig “I” Virtual University Faculty
Should an Agency Submit a Coronavirus-Related Business Income Interruption Claim? https://www.iamagazine.com/strategies/should-an-agency-submit-a-coronavirus-related-business-income-interruption-claimShould an Agency Submit a Coronavirus-Related Business Income Interruption Claim? With speculation about legislation on business income interruption claims, should agents wait to see what happens with the legislation or should they submit the claim now?4/10/2020 4:49:25 PMCommercial LinesBOP Commercial LinesStrategiesBig “I” Virtual University Faculty
BOP Denial: Uninspected Equipment Breakdownhttps://www.iamagazine.com/strategies/bop-denial-uninspected-equipment-breakdownBOP Denial: Uninspected Equipment BreakdownAn insured food distributor has a BOP which includes equipment breakdown. When their storage facility has an ammonia leak, they turn in a food contamination claim—but can’t provide an accident diagnosis.5/25/2018 10:01:26 PMCommercial LinesBOP Commercial LinesStrategiesBig “I” Virtual University Faculty
Contaminated Property: Is the Coronavirus a Pollutant? https://www.iamagazine.com/strategies/contaminated-property-is-the-coronavirus-a-pollutantContaminated Property: Is the Coronavirus a Pollutant? Pollutants include substances which are generally recognized in the industry or by the government to be harmful or toxic to persons, property or the environment.5/29/2020 5:05:22 PMCommercial LinesCommercial Lines BOPStrategiesBig “I” Virtual University Faculty
ISO Assigns CAT Number to Riotshttps://www.iamagazine.com/markets/iso-assigns-cat-number-to-riotsISO Assigns CAT Number to RiotsLate last week, ISO’s Property Claims Service assigned a CAT number to losses resulting from protesting and rioting over the period May 26 to June 5.6/8/2020 6:49:37 PMCommercial LinesCommercial Lines BOPMarketsWill Jones
BOP Pricing Remains Stagnant, but Coverage Starts to Tightenhttps://www.iamagazine.com/markets/bop-pricing-remains-stagnant-but-coverage-starts-to-tightenBOP Pricing Remains Stagnant, but Coverage Starts to TightenBOP rate fluctuations tend to be minimal in the absence of major catastrophes. Instead of pricing, the biggest BOP changes in the next 12-18 months will involve coverage clarifications.8/1/2016 6:46:30 PMBOPBOPMarketsJacquelyn Connelly