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Insurance Coverage Issues Related to Coronavirus

Note that as we are writing this report, laws are being proposed in certain states to mandate coverage by insurers (who may later be reimbursed by a state government) for certain sized businesses. In addition, coverage lawsuits have already been filed making the case that a viral infection is in fact a “physical” peril. We will keep you posted on these items. This report outlines the insurance coverages applicable to various claims that could arise in connection with the global coronavirus pandemic and outlines the likelihood of recovery with respect to such claims and coverages. Our expectation, as outlined below …

https://www.epicbrokers.com/insights/insurance-coverage-issues-related-to-coronavirus/

Covering Coronavirus: Risk Considerations Volume 1, Issue 4

EPIC Risk Advisory Bulletin Volume 1, Issue 4 The global coronavirus (COVID-19) pandemic remains both dynamic and fluid. Around the world, we are witnessing unprecedented disruptions to global travel and economies. On March 11, the World Health Organization (WHO) classified COVID-19 as a pandemic, acknowledging they expect an increase in the number of cases, deaths, and affected countries. Map created from data obtained from World Health Organization Situation Reports, accessed on March 17, 2020, source  The CDC has stated that major widespread transmission is likely to occur in the U.S. at some point. Across America, closures are …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-4/

EPIC Adds Nick Nelson as Senior Vice President, Property & Casualty

… Property & Casualty and Vice President, Business Development officer with USI Insurance Services and Wells Fargo. Within both organizations he worked closely with senior leadership of his clients to deliver consulting and brokerage services for all commercial lines and workers’ compensation coverages. Nelson earned a Bachelor of Science degree in Recreation Management from Flagler in St. Augustine, Florida. He graduated Suma cum laude and was a two-time NAIA Academic All-American. Said Kevin Harnetiaux, COO, Pacific North Region, “We are fortunate to have Nick join our growing team and look forward to the expertise and dedication he will bring to …

https://www.epicbrokers.com/insights/epic-adds-nick-nelson-as-senior-vice-president-property-casualty/

OSHA Issues New Guidance on Preparing Workplaces for COVID-19

… webpage provides additional information about OSHA standards and requirements, including requirements in states that operate their own OSHA-approved State Plans, recordkeeping requirements and injury/illness recording criteria, and application of standards related to sanitation and communication of risks related to hazardous chemicals that may be in common sanitizers and sterilizers: OSHA COVID-19 Regulations To help employers determine the appropriate precautions, OSHA has divided job tasks into four risk exposure levels: very high, high, medium, and lower risk. The Guidance identifies the industries and types of workers in each risk category and recommends specific Engineering, Administrative and Personal Protective

https://www.epicbrokers.com/insights/osha-issues-new-guidance-on-preparing-workplaces-for-covid-19/

Covering Coronavirus: Risk Considerations Volume 1, Issue 3

EPIC Risk Advisory Bulletin Volume 1, Issue 3 While some parts of the world are beginning to show signs of recovery from coronavirus, others are still bracing for its full impact. Disruptions continue to ripple around the globe, creating further risk considerations for companies in every industry. In this issue, we take a focused look into two potential risk implications facing employers: Cost-free coronavirus testing in states that have approved it Potential FMLA implications related to sending sick employees home from work The information below is intended to provide a high level overview of critical areas of concern for …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-3/

Property & Casualty Insurance: A Rather Turbulent 2019

… free and easy in recent years, has abruptly retreated to the sidelines, reeling from red ink. But why? Record Insurance Losses in 2017, 2018, and 2019 Greater frequency of catastrophic events like hurricanes, floods, and wildfires, coupled with continuous rate decreases in past years, drove more companies to evaluate their risk tolerance and look for greater asset protection. Three of the top six largest losses since 1970 occurred in 2017. There have also been over $30B in wildfire losses in the past three years making it very tough for insurers to control costs. Top 10 Insurance Losses since 1990: Hurricane …

https://www.epicbrokers.com/insights/property-casualty-insurance-a-rather-turbulent-2019/

Covering Coronavirus: Risk Considerations Volume 1, Issue 2

EPIC Risk Advisory Bulletin Volume 1, Issue 2 Coronavirus continues to spread, leaving ramifications in its wake. This week, we’re taking a more focused look at two areas of business operations that will continue to be heavily impacted by coronavirus: Business Continuity Supply Chain Disruption The information below is intended to provide a high level overview of critical areas of concern for businesses around coronavirus. Consult your EPIC insurance broker for more in-depth guidance. Business Continuity, Planning and Preparedness As was mentioned in last week’s issue, the purpose of a Business Continuity Plan (BCP) is to provide …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-2/

2020 Q1 Energy Market Update

What Markets Indicate We Can Expect In 2020 As we come to the close of another quarter, we want to share a high-level overview of what we’re seeing across the industry, and what we think the market is going to do for upcoming renewals this year. Use the links below to jump to any one of the sections featured in this report. We’ll cover the following: Upstream Energy Midstream Energy Downstream Energy Power and Renewables Energy Casualty Energy Surety For any questions, please don’t hesitate to reach out to Nikki Howes and EPIC’s National Energy …

https://www.epicbrokers.com/insights/2020-q1-energy-market-update/