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PropertyCasualty360

Specialty Markets Insight

Jul 24, 2019

A Message From the Editor

Missouri is the third-largest market for earthquake insurance among the states, exceeded only by California and Washington. The Missouri Department of Insurance, however, noted that over the last 20 years, the earthquake insurance market has significant contracted, with many insurers leaving the market entirely, while others refuse to issue new policies in the New Madrid area. This is especially alarming as a joint assessment by the Mid-American Earthquake Center of the University of Illinois and the Federal Emergency Management Agency predicted that a major New Madrid event could entail economic losses of $300 billion. In other news, we examine 13 property & casualty concerns related to legal cannabis, the risks that come with dog-friendly offices, Argo Group's latest donation and more.

– Denny Jacob, Associate Editor

Market Insights

Earthquake insurance market near collapse in Missouri

By Steven A. Meyerowitz

Missouri is the third-largest market for earthquake insurance among the states. Read More

Slideshow

13 P&C insurance concerns related to legal cannabis

By Elana Ashanti Jefferson

While some carriers worry about marijuana's legal status, others are concerned about their competitors getting ahead. Read More

Market Insights

Dog-friendly offices may make your employees happy, but what are the risks?

By Danielle Ling

Who is liable if a dog bites a co-worker or destroys any furniture? The answer is tricky. Read More

Market Insights

Cannabis in-house counsel have growing concerns over litigation

By Dan Clark

An area that remains a high priority for in-house counsel is the FDA and other regulators. Read More

News

Flood sublimit applies to all losses, not just property, says court

By Steven A. Meyerowitz

The case is Federal-Mogul LLC v. Ins. Co. of Pennsylvania, Nos. 17-1649/1716 (6th Cir. July 8, 2019). Read More

Q&A

Get to know: Building renovation and vacancy provisions

By FC&S Editors

Coverage Q&A: How are common vacancy exclusions addressed during the construction of insured properties? Read More

News

Argo Group presents $15K in grants to New York students

By Heather Turner

The investment brings Argo’s three-year student investment total to $35,000. Read More

Market Insights

Global insurance premiums exceed $5 trillion for the first time

By Victoria Spears

Insurance premiums worldwide is now equivalent to more than six percent of world GDP, says a report from Swiss Re. Read More

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Resources

Today's Large & Complex Claims Landscape: Preparing for the Perfect Storm

Sponsored by: Global Technical Services, A Crawford Company

It’s important insurers learn lessons from the heavy hurricane seasons of recent memory and ensure the best possible resources are deployed to work the frontlines of the next catastrophe. Learn More

Agency Guide: 3 Keys to Employee Retention

Sponsored by: Vertafore

Learn how embracing technology can prevent employee churn and protect your business. Learn More

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