What's New—August 2009

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

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Newsletters & Journals

The August issue of The Risk Report, "Top 10 D&O and E&O Claim Battlegrounds," identifies 10 areas that frequently become contentious in D&O and E&O claims, and discusses some of the nuances of the issues that arise in connection with each. Suggestions for avoiding the problems are provided.

The August issue of the Captive Insurance Company Reports begins with "Emerging Trend: Owners Switching Managers," which presents statistics on how many captives being managed by the largest captive managers are being lost through mergers and acquisitions, captive liquidation, poor service, and staff turnover. "Banks' Improving Health Will Lead Recovery," by captive investment adviser Al Heeg, comments on the state of the economy and offers thoughts for captives and their investments. Bermuda's recent captive conference is also reviewed.

The summer issue of Employment Practices Liability Consultant (EPLiC) includes the following articles.

• "Ricci v. DeStefano and the Employee Testing Dilemma: Damned If You Do; Really Damned If You Don't"
• "The Lilly Ledbetter Fair Pay Act: Assessing Exposures and Options"
• "Balancing the ADA with Safety"
• "EPL Claim Management: Tools Not Rules"

Reference Manuals

Commercial Liability Insurance updates the changes made in the multistate endorsement revision that became effective in May of this year, including the introduction of a broader exclusion for illegal recording and distribution of materials or information (CG 00 68), a limited exclusion for operations covered by a wrap-up (CG 21 31) that provides coverage when a wrap-up policy terminates, and a communicable disease exclusion endorsement (CG 21 32). The supplement also revises additional insured endorsements pertaining to governmental agencies or subdivisions in connection with permits to conduct certain work or activities (CG 20 12) or permits or authorizations relating to premises (CG 20 13), underground resources and equipment coverage (CG 22 62), and the waiver of subrogation endorsement (CG 24 04).

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

• Chubb Specialty 40ActPLUS
• Travelers Private Company Wrap+
• Travelers Health Care Company Wrap+

IRMI Workers Comp updates material pertaining to small and large deductibles; payroll limitations for sole proprietors, partners, and executive officers; and limited liability company members and state-specific experience rating modifier premium qualification thresholds. Additionally included in the supplement is a new discussion that examines the increased claim costs associated with the implementation of the Medicare secondary payer reporting requirements contained in the Medicare, Medicaid, and SCHIP Extension Act Also incorporated in this supplement are updated state law and state workers compensation benefit summaries.

Professional Liability Insurance features a revision of the accountants professional liability insurance coverage discussion (section XIII.E). Since this section was last updated, the policies written to cover accountants have undergone significant changes. This supplement also contains the annual update of the Professional Liability Insurance market directories, encompassing revisions of both the overall market directory found in section V, as well as the individual, profession-specific directories included throughout the entire manual. In addition, the Topical Index is also updated in this supplement.

Forms

This month, 586 forms and endorsements have been added to the Forms manuals. These include ISO state-specific management protection forms, state-specific commercial general liability forms, state-specific and countrywide E-Commerce forms, and countrywide commercial inland marine forms. Also included are AAIS state-specific and countrywide homeowners forms, and state-specific and countrywide mobilehome forms. The Forms manuals now include more than 22,520 sample policy forms.