What's New—June 2009

Four reference manual updates and new issues of The Risk Report and Captive Insurance Company Reports (CICR) have been added to the IRMI infobases. We have also updated the home page and job function dashboards to facilitate navigation in the site.

Sign up to get the The Electronic Owl for monthly reminders of additions to IRMI publications.

Newsletters & Journals

The June issue of The Risk Report, by Kate Westover, provides an overview of the historical reasons why relatively few companies finance company provided employee benefits programs in a captive and discusses whether it makes good risk management sense to put employee benefits in a captive insurance.

In "Debunking of EB Captive Formation Myths," the June issue of the Captive Insurance Company Reports features a detailed analysis of the tax issues associated with insuring employee benefits by single parent captive insurers. The author argues that employee benefits qualify as unrelated third party risk, which will enhance the parent's ability to take a tax deduction for premiums paid to the captive. He also builds a case for writing benefits direct instead of using a fronting insurer.

Reference Manuals

CGL Reporter adds more than 100 new case summaries and one new article, "Navigating the Discovery Maze in Insurance Bad Faith Litigation," by Madeleine Fischer of Jones Walker. See the bulletin for more information. Updated indexes and tables of cases are also included. Additionally, PDFs of the full court opinion of many of the cases have been added to the Caselaw Library, which is provided to subscribers of CGL Reporter at no additional charge.

Commercial Property Insurance provides updated discussions of the ISO commercial property coverage forms (the category 00 forms) that address the changes made in the 2007 editions (which first became available for use in November 2008.) There were changes to all of the coverage forms except the leasehold interest coverage form. The 2007 editions of the ISO commercial property endorsements will be addressed in an extra supplement to be published in just a few weeks.

Construction Risk Management contains an updated discussion of builders risk delay in completion coverage, a significantly expanded overview of contractual risk transfer strategies, two new discussions on builders risk claims issues (Weather Damage to the Project Interior and Specified Peril Deductibles and Sublimits—Implications), and some new insights on standard blanket additional insured endorsement language. The Construction Risk Management Newsletter provides an update on Texas' proposed anti-indemnity statute, as well as a guest article on project owners' perceptions of construction risks.

D&O MAPS has been expanded to include the following policies and analyses.

• ACE Advantage Management Protection Policy
• Hartford Premier Defense Policy
• Hartford Excess Financial Products Policy

Forms

This month 275 forms and endorsements have been added to the Forms manuals. These include ISO countrywide and state-specific commercial umbrella forms, countrywide commercial inland marine forms, countrywide and state-specific e-commerce forms, countrywide market segment forms, state-specific commercial auto forms, state-specific commercial general liability forms, state-specific management protection forms, and state-specific interline forms. The Forms manuals now include more than 21,845 sample policy forms.