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What's New—June 2018

Five reference service updates and new issues of The Risk Report, Captive Insurance Company Reports, and The Betterley Report have been added to the IRMI KnowledgeBases. We have also updated the home page and job function dashboards to facilitate navigation in the site.

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Reference Services

In Commercial Auto Insurance, New Jersey made significant changes affecting auto ID card information requirements in the month of May 2018. Some of the major changes include an anti-counterfeiting measure, the removal of paper weight and size restrictions, and the acceptance of electronic ID cards.

This Commercial Property Insurance release updates the discussion of builders risk insurance. It also provides a new discussion of coverage for computer crime. Finally, it provides updated state summaries on cancellation information for commercial property policies.

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

There are 251 directors and officers (D&O) policy forms available for comparison in D&O Policy Explorer in D&O MAPS. Subscribers are invited to submit for analysis policies that are not currently included in D&O MAPS and D&O Policy Explorer.

This release of IRMI Workers Comp updates material pertaining to state-specific posting notices and payroll limitations for sole proprietors, partners, executive officers, and limited liability company members, as follows.

  • Pennsylvania—update of posting notice now carries an April 2018 date.
  • Idaho—reconfirmed its payroll limitation amounts that will be effective June 1, 2018.

This release of Personal Risk Management and Insurance updates the homeowners loss exposure and loss control sections for windstorm/hail and other property perils. It also revises the farm insurance and risk management section and the wedding insurance discussion. In addition, it updates the discussion of the personal vehicle-sharing program exclusion endorsement. The homeowners and personal auto state cancellation pages have been updated, as well. Lastly, this release revises the state auto laws chart, 21 uninsured/underinsured motorists state pages, and one state no-fault page (New York).

Newsletters & Journals

The June 2018 issue of The Risk Report, "Insurance Is Key to Cyber-Risk Mitigation," explains the importance of cyber insurance, even for smaller businesses, and examines the Insurance Services Office., Inc. (ISO), cyber insurance programs that can meet this critical need.

The June 2018 issue of Captive Insurance Company Reports looks at the following topics of interest.

The June 2018 issue of The Betterley Report, "Cyber/Privacy Insurance Market Survey—2018" includes the following highlights.

  • The Corvus Approach to Cyber Insurance
  • Chubb's Cyber Index—Using Claims Data To Help Understand Threat Sources and Trends
  • New Insurers Added: Corvus, TDC Specialty, and Validus
  • Insurers Removed from Survey: Safehold and V.O. Schinnerer

Forms

This month, 99 forms and endorsements have been added to the Forms library. These include ISO state-specific personal auto and personal liability forms. The Forms library now includes more than 34,780 sample policy forms.

IRMI publication date for this page: June 2018

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