On the afternoon of Wednesday, May 13, 2020, AM Best announced a change in NAMICO’s Outlook from Stable to Negative, while affirming the A rating NAMICO has earned for the past 17 years. This action followed a telephonic meeting CFO, Tom Kaehr, and I had with our AM Best team on Wednesday, May 6, 2020. I want to assure all our stakeholders: shareholders, policyholders, pool members, and business partners, that NAMICO continues as a very viable market for professional liability insurance as well as a strong business partner.

NAMIC Insurance Solutions Business Continuity Plans during the Covid-19 outbreak.

New York Governor Andrew Cuomo signed the Child Victims Act into law, effectuating a drastic change to the statute of limitations applicable to civil lawsuits arising from child sexual abuse claims. The new law also revives child sexual abuse civil claims that would have been or have been determined time-barred under current law, allowing for new suits to be filed within a one-year window beginning August 14, 2019. Claims and legal personnel with carriers writing liability coverage in New York should anticipate a possible influx in claims for defense and indemnification filed by insured defendants. Policies issued as long ago as 1964 could be implicated.

NHRMA Mutual, a member-owned workers’ compensation and risk management insurance provider, has chosen Enquiron to provide tangible value to their members. NHRMA Mutual members will receive access to the NHRMA HR-Legal Resource Center beginning in October 2017

Introducing the new NAMIC Insurance Solutions Application Portal! There have been some major changes to the look and functionality of the Portal, and additions in how our policyholders and prospects can use the Portal to their best advantage. Here are some tips and tricks to guide you. Please check it out for your next interaction with us!

Quick Facts about the new NAMIC Insurance Solutions Application Portal

EMPLOYERS FACE CONTINUOUSLY CHANGING EMPLOYMENT LAWS AND ONGOING EMPLOYEE ISSUES. The resources are here to help with these challenges and deliver thousands of dollars of risk management value to your organization. These services have helped thousands of employers protect themselves from risk, and we encourage you to take full advantage.

The idea behind the Reptile Theory in litigation is to pursue a strategy that will ultimately lead to engaging the jurors on a more fundamental level than an appeal to rational thought. Ball and Keenan proposed tactics that would place the members of the jury into “survival mode.” Under this theory, survival mode supplants logic, producing a verdict motivated by fear or anger.

In determining whether a fence is considered a “dwelling” or “other structure” in a homeowner’s policy where the term “structure” was not defined, the Texas Supreme Court recently determined that when a fence is physically connected to a policyholder’s “residence premises” it is considered a dwelling. The case, Nassar v. Liberty Mut. Fire Ins. Co., 60 Tex. Sup. J. 309 (Tex. 2017), can be found here: http://caselaw.findlaw.com/tx-supreme-court/1768628.html

We are pleased to announce that NAMIC Insurance Solutions policyholders now have access to a powerful HR and employment law best practices program – NAMIC Insurance Employment Law Resource Center!

Falling victim to identity theft can be an unsettling experience. Many people don’t know where to begin to restore their good name and credit, what to do or who to call.

People ages 50 and older accounted for nearly half—45 percent—of identity theft complaints, according to the Federal Trade Commission’s Consumer Sentinel Network Data Book. And that number has been increasing, from 38 percent in 2013 and 42 percent in 2014.

The stress of being a caregiver takes a physical and emotional toll. Tending to a loved one’s finances is often part of the deal: There are bills to pay, mortgages to sort out—and the inevitable scams to avoid.

Data Breach risk can come from so many different directions, most of which are not the IT department. Tips for assessing risk, developing a security plan and planning the plan.

Changing times demand innovative strategies. One sure way to stay ahead of the competition: partnering with a trusted provider of cyber security services. Financial Institutions, Insurers, and Benefits Providers can keep their data secure with an identity and data defense services partner that works as an extension of their brand to drive growth and enhance employee and customer loyalty.

Educate your policyholders about the threat of a breach, understanding and minimizing the risks, and how to react in the event of a breach.

The exposure of sensitive data can damage any size company. As consumers use more and varied digital devices, and as attachks become more sophisticated, companies mustseek new security strategies.

Natural disasters can have a devasting impact on your small and medium-sized business (SMB) - and the valuable company, employee and customer data it holds.

A solid understanding of cyber and privacy breach coverages can help producers build profitable, risk-averse solutions to support insureds and create revenue potential.