SISTERS BRING DIVERSE BACKGROUNDS TO THEIR SUCCESSFUL SPECIALTY MGU

“Sisters, sisters/There were never such devoted sisters …”

That familiar lyric from the classic holiday movie White Christmas was sung tongue in cheek by glamour girls Rosemary Clooney and Vera-Ellen as they twirled their lush feathered fans and swore undying devotion while warning each other: “Lord help the mister/Who comes between me and my sister.”

It’s common for rivalry to exist between siblings, especially those of the same sex. That doesn’t seem to be the case for Lisa Doherty and Linda Boborodea, who in 2000 left the corporate world to establish Business Risk Partners (BRP), a managing general underwriter based in Windsor, Connecticut, that focuses on specialty lines.

Do Cyber Underwriters Need Property Underwriting Training?

A single cyber event can create multiple exposures with potential effects on one or more of a company’s insurance policies.

Cyber underwriters grappling with liability from such events would do well to learn from property underwriters who have a wealth of experience addressing similar issues in the following three areas: aggregation exposure, business interruption and risk management.

The M&A Frenzy

“I’m being bought out!”

“We’re merging with an agency five times our size that will take our revenue to a whole new level!”

While expressions of excitement like the ones above might be music to the ears of an owner considering selling an agency, beware!

When it comes to selling an insurance agency, I’ve heard my share of mixed results during 25-plus years working in the industry and underwriting specialty risk — often for insurance agents and brokers whose firms are in the process of merging or being acquired.

Some sellers happily sail into

It’s in part because of cases like this that a little-known corner of the insurance market has been growing, and fast. These days, almost half of large employers buy insurance coverage for claims of discrimination and harassment: it’s called Employment Practices Liability Insurance, and it was almost non-existent 25 years ago.

A Salary Threshold Working Over Time

Workplace sexual harassment has been in the news once again as several women have publicly alleged that they were sexually harassed by the former head of Fox News, Roger Ailes.

It’s in part because of cases like this that a little-known corner of the insurance market has been growing, and fast. These days, almost half of large employers buy insurance coverage for claims of discrimination and harassment: it’s called Employment Practices Liability Insurance, and it was almost non-existent 25 years ago.

More companies insure against employee harassment

Workplace sexual harassment has been in the news once again as several women have publicly alleged that they were sexually harassed by the former head of Fox News, Roger Ailes.

It’s in part because of cases like this that a little-known corner of the insurance market has been growing, and fast. These days, almost half of large employers buy insurance coverage for claims of discrimination and harassment: it’s called Employment Practices Liability Insurance, and it was almost non-existent 25 years ago.