Tim Dodge
@CoverageGeekTim
AVP of research and information for @BigINewYork. Student of insurance policy language. SU Orange and Red Sox fan. Would rather be playing my guitar.
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Micron’s chips investment alone could increase the size of Syracuse area economy by a third, not even counting its knock-on effects. (From @techreview technologyreview.com/2023/07/06/107…)
26 House Republicans voted to jeopardize green jobs in their own districts. That could become a political problem for them. heatmap.news/republicans-mi…
heatmap.news
Republicans Might Have Just ‘Walked the Plank’ Over Climate Jobs
It's not 2009 anymore.
In the framing of this great @DKThomp piece, my piece for @heatmap_news this week suggests a policy mechanism that can shift the dial on clean energy away from “backyard politics” to actualize the virtues espoused in “front yard politics”: heatmap.news/politics/telec…
heatmap.news
The ‘90s Cellphone Law That Could Speed Up the Renewables Rollout
Local governments once fought the adoption of wireless communications technology. Then Congress did something.
New piece from me on a very 21st century strain of political hypocrisy that I call "front-yard politics," how it so often distracts from substantive "backyard policies," and how linguistic radicalism everywhere so often distracts from substantive progress theatlantic.com/ideas/archive/…
theatlantic.com
The Dangerous Rise of ‘Front-Yard Politics’
Many public crusaders are private reactionaries.
As we build our way out of the climate crisis, local communities deserve a say in how and where we build, but not a veto. Congress can help clean energy proliferate just as quickly as cellphones did. Read more @heatmap_news: heatmap.news/politics/telec…
heatmap.news
The ‘90s Cellphone Law That Could Speed Up the Renewables Rollout
Local governments once fought the adoption of wireless communications technology. Then Congress did something.
Seriously? People are still doing this? Creating a PW that's easy to remember & hard for others to crack isn't difficult // Despite Warnings, Weak Password Policies Still Invite Cybercrime iii.org/insuranceindus…
Insurance agents, your clients want to know more about their policies. This is where you can shine! ow.ly/vI4I50Mm0Po
propertycasualty360.com
More than half of home & auto policyholders worry about being underinsured
Some 80% of policyholders said there are aspects of their home and auto policies that they want to learn more about or understand better.
Good information to keep in mind before making snap judgments on #HurricaneIan insurance claims
"Assuming flooding is the cause of loss of any Ian claim is something no insurer should make, particularly at this early stage post-loss." - @BonczykKM ow.ly/Ions50KZYgI
propertycasualty360.com
Avoid these 3 potential pitfalls when handling Hurricane Ian claims
Determining too soon if wind or flooding caused damages is just the first step into the potential legal minefield trailing in Hurricane Ian's wake.
Add this coverage to your renewal questions for all your commercial clients. Work with a wholesalers beforehand to understand the coverages before you wade in! #ActiveShooterRisk
Add this type of event to your disaster plan. The Big I offers a information on developing a disaster plan. This type of incident we often think: "It can't happen here!" Reach out to local law enforcement agencies; they often train or can recommend experts. #ActiveShooterRisk
Have written WPV Policy Inform and train employees on what to do in a violent situation Communicate that policy to all employees Establish an effective EAP Limited access to buildings Security on premises Exit interviews Threat Assessments Disaster recovery #ActiveShooterRisk
Don't forget that some of these policies may include pre-loss assistance/collateral The last thing your insured wants to do is be caught without a critical incident response plan should a violent incident occur. #ActiveShooterRisk
And that figure was from before social media announced these incidents to millions within seconds
FYI to the underwiters - the last research revealing the amount per claim is $500K was published in the 1990s. The true current amount of risk is currently 10x's that amount at least given the duty to defend and duty to indemnify @PC_360 #ActiveShooterRisk
How do underwriters price these policies? What is the premium base? Are rates filed?
Initially these policies were embraced by university school systems municipalities. As a minimum premiums can be as low as $2000 we’re seeing lots of churches daycare‘s auto dealerships yoga studios restaurants pretty much every industry as nothing is immune #activeshooterrisk
Also, any of these incidents arise out of personnel/domestic violence that comes into the workplace, so NO BUSINESS IS IMMUNE today from an #ActiveShooterRisk
Similar to the introduction of cyber. agents and brokers need to review this coverage as we were seeing massive lawsuits and litigation regarding these mass shootings and I feel agents and brokers can and will be held accountable if they do not share. #activeshooterrisk
In states where extra contractual statutory bad faith litigation is permitted, an agent may be brought in as a possible defendant as well, or even in a common law theory #ActiveShooterRisk @PC_360
As an agent, we want to never answer the question: "Why didn't you tell me there was a coverage I could have bought that would have protected my assets?" This can fill important gaps like public relations assistance, rebuilds, increased security, training, etc. #ActiveShooterRisk
yes 100% agents are sometimes named in litigation under theories alleging they failed to properly review all risks with insureds. Review those circa 2022 risks, get the insureds to sign off on documentation & keep that evidence safe in the event of a lawsuit #ActiveShooterRisk
Restaurants, bars and taverns, businesses near where people congregate for example near arenas, and certainly school and public agencies all have heightened concern, so demand only grows as awareness of this critical coverage increases. #ActiveShooterRisk
"It'll never happen to me"
Lucy why do you think not enough businesses and employers feel this coverage is necessary in today's environment #ActiveShooterRisk
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