The cost of cargo theft losses is surging, even though the number of reported incidents has not changed. This surge reflects the type of cargo being stolen — thieves are targeting high-value technology, including electronics, computer chips, and servers destined for high-tech facilities and data centers. These components can be worth tens of millions of dollars per shipment, thus making proper insurance more important than ever. This Letter explains what you should know about insuring your goods while in transit. The John Liner Tip takes a closer look at stock throughput policies.
Insurance bad faith law holds insurers accountable when they act dishonestly, unreasonably, or unfairly on a claim. Key issues include first-party vs. third-party claims, common unfair practices, and what a policyholder can recover. In this Letter, we explain what you should know about what actions the law considers insurer bad faith.
Electric utilities are part of the backbone of modern society, providing essential power to homes, businesses, emergency services providers and more. But this critical service is vulnerable to extreme weather events that can cause massive disruptions, damage infrastructure, and jeopardize public safety. Due to the increasing frequency and severity of such storm events, it is more important than ever for electric power organizations and commercial entities to have a comprehensive storm response plan in place. In this Letter, we also discuss recovery efforts for commercial entities after the storm has passed. The John Liner Tip discusses what to do when your computer network goes down.
