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Thai Cave Rescue: How Volunteers & Organizations Can Reduce Risk of Lawsuits

The rescue of 12 youth soccer players and their coach from a flooded cave in Thailand captivated the world this week. The boys, ranging in age from 11 to 16, and their coach were exploring the Tham Luang Nang Non cave complex in northern Thailand on June 23 before they became trapped inside following heavy…

vacant dwelling with a fireplace

Vacant Dwelling Coverage: Protecting Assets when No One is Home

In April 2018, the U.S. Census Bureau announced that national vacancy rates in the first quarter of 2018 were seven percent for rental housing and 1.5 percent for homeowner housing. In total, there were an estimated 17,161 vacant housing units in the United States for Q1 2018. While there is ample opportunity for retail brokers…

Non-Weather Related Risks and How to Protect Against Financial Loss

While severe weather is lurking around the corner, there is another threat brokers and agents should be discussing with clients: non-weather related water damage. Concealed pipes, leaky plumbing, and appliance water lines are some of the biggest and least thought about risks to households. Yet, one major leak in a client’s home could result in…

Vacant Homes at Risk: Cleveland Explosion a Reminder of Vulnerability

A recent explosion at a vacant Cleveland-area home ended in tragedy—resulting in the death of one woman, critically injuring a man, causing five nearby residences to be uninhabitable and damaging nearly 100 other homes. Police say four individuals were stealing metal from the home and likely caused a natural gas leak. Over the past 20…

How to Combat Liability Risk for Graduation Parties with a Personal Umbrella Policy

The National Center for Education Statistics is expecting that 3.6 million students will graduate from high school in 2017-18. As outgoing high schoolers around the U.S. hold their graduation parties in the days and weeks ahead, and their parents and guardians recognize their milestone achievements, they should also be aware of the liability they could…

Online Auction of Derek Jeter Rookie Card Shows Need for Sports Collectors to Review Insurance Coverage

When bidding on a 1993 Upper Deck SP rookie baseball card of Derek Jeter soared to nearly $100,000 in an eBay auction this week, it served as a reminder that the sports collectibles market can be fickle. The value of such collectibles – be it signed memorabilia, gear, art or rare cards – fluctuates for…

NFL Draft Will Turn Athletes into Millionaires – and Make Them Prime Targets for Risk

More than 200 players will be selected in this week’s NFL draft, marking a turning point in both their professional and personal lives that also brings added liability with increased income and fame. First-round picks in particular will make millions of dollars as the 2017 draft reminded us, with the first overall pick expected to…

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…

It’s Time to Talk Flood Insurance

Floods are the number one national disaster in the U.S. and the cost of recovery from flooding grows every year.  Most homeowners don’t suspect they are at risk. However, all 50 states have experienced floods or flash floods in the past five years and 20 percent of all flood related insurance claims are on properties…

Masters Tournament Lodging: Home Rentals Need More Than Homeowners Policy to Protect Against Risk

When the PGA Tour’s first major, the Masters Tournament, is held this week at Augusta National in Georgia, thousands of fans from around the world will converge on the small town of Augusta. It is estimated that 150,000-190,000 patrons attend the Masters each year. And they will all need a place to stay. With hotels and online rentals being booked nearly two years in…