INSURICA Risk Insights

Keeping you ahead of the risks and challenges unique to your industry.

Winter 2023
IN THIS ISSUE

Action Over Litigation

What is Replacement Cost and How is it Derived?

ESG Trends to Watch

Often the contractual liability section within the General Liability (GL) policy form leaves the employer exposed to suits against their GL policy via the Employers Liability (EL) exclusion.

Ed Holomon, Jr. | Action Over Litigation

ARCHIVES
FEATURED ARTICLE

Action Over Litigation

According to the International Risk Management Institute (IRMI), Action Over is a legal action involving an injured employee, when after collecting workers compensation benefits from the employer, decides (most often at the guiding hand of counsel) to pursue a third party for allegedly contributing to the employee’s injury.

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FEATURED ARTICLE

What is Replacement Cost and How is it Derived?

Replacement or reconstruction cost is a type of insurance that covers the cost to replace or repair a building with materials of the same or comparable quality. For the purposes of coverage—and unlike market value—replacement cost policies do not include the value of any land and is determined based on the amount needed to hire contractors and purchase materials to repair a building or construct a replacement.

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FEATURED ARTICLE

ESG Trends to Watch

Environmental, social and governance (ESG) factors are often considered by socially conscious investors when evaluating companies on sustainability and social conscientiousness. While ESG metrics can be hard to measure, the risks surrounding them are increasing. As consumer, investor and shareholder action is increasingly focused on ESG, companies and their directors and officers (D&Os) must proactively address climate change, working conditions, cybersecurity and diversity. Failure to do so poses a significant D&O risk for companies and their insurers.

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