DID YOU KNOW?
New Requirements for NYC Construction | |
Did you know that new insurance requirements go into effect on June 13, 2011 for NYC construction projects?
The new rule changes General Liability (GL) insurance requirements for permittees when performing construction or demolition. Learn more here or contact Tom Lott at 704.749.2848.
|
|
AmWINS.com
Has a New Look! | |
Check out the improved amwins.com, with a brand new look and improved functionality!
|
|
| |
Client Update Questions:
|
|
|
This month, our Client Update is packed with new content. Check it out:
The third in our series of client advisories on Third Party Over Claims examines how New York's "Scaffold Law" plays into a hypothetical claims scenario.
We have two articles on financial services topics: one on excess follow form D&O coverage, and another addressing insurer litigation guidelines.
Also not to be missed are our update on the Energy Property market, product spotlight, and legislation updates, one of which is relevant to a client advisory we released a few months ago.
Enjoy this month's articles, and as always, thank you for continuing to be a valued AmWINS client.
|
|
CLIENT ADVISORY: Third Party Over Claims - Part Three | |
 The third in our series of client advisories exploring Third Party Over claims puts the spotlight on New York Labor Law.
A plumbing company has been engaged as a subcontractor of a general contractor hired by a building owner. An employee of the plumbing company falls from a ladder that collapsed, causing the employee to sustain serious injuries. The employee, advised by his lawyer and based on New York's "Scaffold Law", brings suit against the building owner to recover for his damages not paid by workers' compensation, alleging breach of duty to provide a safe workplace. Could the building owner ultimately be held liable? Read more... More information: Sarah Ruble, 704.749.2855 or sarah.ruble@amwins.com |
|
CLIENT ADVISORY: Excess Follow Form D&O Coverage - Does It Really Follow Form?
| |
How can you make sure your client's coverage is following the right form or layer? Our exclusive new client advisory explains.
Excess Follow Form insurance sounds straightforward. Based on the name, it's simply a policy that provides an additional layer of coverage and merely follows the terms and conditions for the underlying policy(s). Unfortunately, this is not necessarily the case. Despite the name, an Excess Follow Form policy can leave gaps in coverage and uncertainty in who pays and when. Read more...
More information: Sarah Ruble, 704.749.2855 or sarah.ruble@amwins.com
|
| CLIENT ADVISORY: Insurer Litigation Guidelines - Best Practices | |
Are insurer litigation guidelines a dark secret of the insurance industry or a significant asset in the defense of a claim?
Many insureds don't know what insurer litigation guidelines are. In fact, many don't even know that they exist until forced to defend a claim, at which time insurer litigation guidelines become all too familiar. Our new client advisory explains what they are and the best practices for agents and insureds to avoid problems with them. Read more...
More information: Sarah Ruble, 704.749.2855 or sarah.ruble@amwins.com
|
|
MARKET UPDATE: Energy Property
| |
Our Energy Practice Group offers brief observations regarding the current state of the energy property market.
The energy property market is apparently undergoing a hardening trend due to significant losses to the downstream energy market and major catastrophe property losses abroad. Our brief market update explores the current situation. Read more...
More information: Sarah Ruble, 704.749.2855 or sarah.ruble@amwins.com
|
|
PRODUCT SPOTLIGHT: Waste Haulers Program |
 Our competitive Waste Haulers Insurance Program is endorsed by the EIA / NSWMA.
Endorsed by the Environmental Industry Associations (EIA) / National Solid Waste Management Association (NSWMA), our Waste Haulers Program offers coverage for all segments of the refuse industry. AmWINS Program Underwriters has been underwriting this program for 24 years, and the program's four underwriters have a combined 65+ years with this program. Read more...
|
|
|
LEGISLATION UPDATE: Generic Pharma
|
In a previous client advisory on the impacts of Federal preemption, we examined how generic drug makers could find themselves with the same liabilities as branded drug makers. The Supreme Court's recent comments demonstrate the relevance of the issue, as explored in this article on nytimes.com. (Note: AmWINS claims no copyright or ownership of the article to which this link refers.)
|
|
LEGISLATION UPDATE: The NRRA
| |
The Nonadmitted and Reinsurance Reform Act (NRRA) takes effect on July 21, 2011. As that date draws near, we want to provide information about how this change to surplus lines laws might impact you. Read more...
|
|
|
