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Commercial

A Proactive Approach to Contractors Pollution Liability Insurance

Contractors Pollution Liability Insurance comprises approximately 20-25 percent of environmental insurance purchased worldwide1. However, market penetration of those who need environmental insurance is only around 10 percent2, leaving 90 percent uninsured. Gina Jones, Vice President and Director, Environmental Programs, Burns & Wilcox, discusses the low level of penetration, saying “More than a billion dollars in uninsured claims for...

Personal

5 Collector Car Insurance Facts: Get Miles Ahead of the Competition

There are more than 14 million vehicles on the road that are at least 25 or more years old1. With the weather warming up, an entire country of enthusiasts will soon be pulling their classic or collector vehicles out of the garage. As the season progresses, brokers and agents will increasingly see more opportunities for insuring these fun cars. Insurance Market Source connected with Bill Gatewood, Corporate Vice President and Director,...

Professional

10 Ways GDPR Can Affect Cyber Insurance Clients

On May 25, 2018, the General Data Protection Regulation (GDPR) will go into effect to protect identifiable data on European Union (EU) citizens in ways that the Data Protection Act of 1998 could not have foreseen. GDPR goes beyond just the EU, applying to all organizations across the world that collect personal information on an EU citizen. ”This is a very stringent set of security and data processing standards that protects the fundamental...

Transportation

Navigating Dealer’s Open Lot Insurance with Clients

With more than 45,000 used car dealerships in the U.S., more than 40 million used vehicles are sold each year.1 To protect the vehicle inventory, Dealer’s Open Lot insurance provides coverage for physical damage to a dealer’s vehicles and equipment. Car dealerships can vary from lot to lot, and are unique businesses that require tailored coverage for the specific risks they face. Protection extends beyond cars sitting on a...