The invasion of Ukraine presents Lloyd’s of London with potential major claims this year. Around 100 members of Lloyd’s underwrite complex risks, including planes, ships, and oil rigs. According to this article by BusinessInsurance.com, the aviation insurance market is considerably exposed to the situation in Ukraine. Chairman Bruce Carnegie-Brown told Re...

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Authored by Sara Weathers Russia’s invasion of Ukraine in February has led to sanctions being put into place on Russia. According to a recent article from Insurance Business Magazine, these sanctions have caused a global economic squeeze that could last for months or years. The sanctions that have been put into place are meant to cut Russia off and create...

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Cyber attacks and data breaches have become the conversation of choice for many in recent weeks. Government entities are no exception. According to this article, in March, the Texas Department of Insurance announced that it experienced a data breach. The web application managing the state’s workers’ compensation information was compromised. The department...

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Authored by Sara Weathers According to a recent article from Insurance Business Magazine, commercial property insurance rates have increased by double digits for two straight years. Rates are unlikely to drop any time in the near future. Severe weather events are one of the biggest challenges that both insurance brokers and clients are facing. States like...

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The global conversation about cyber attacks and the importance of cyber liability coverage has expanded in the last months and weeks. Firms that now work remotely recognize a potentially higher risk of securing important firm and client data. How do firms protect themselves? One way to do that is with a cyber liability policy. Another way is to check your...

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The American Bar Association reports that as many as four out of five lawyers get sued in their careers. These numbers can be concerning for attorneys. Charlene S. Seibert of Marshall Dennehey Warner Coleman & Goggin shared important information on what to do and not to do when you are the target of legal malpractice litigation with professional liabi...

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As reported by the U.S. Bureau of Labor Statistics in early December 2021, the consumer price index rose 6.8 percent for the year. This is the largest 12-month increase since June 1982. Reports indicate that after the above-average increases of the past several months, inflation may start to moderate. Economists claim the increased inflation rate is relat...

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The team from AdvoCap Insurance Agency, Inc. was invited to attend the Public Justice Presidents’ Party on Monday, February 14th, in Palm Springs, California. We heard from Public Justice President Dan Bryson, AAJ President Navan Ward, and others, including the mayor of Palm Springs, Lisa Middleton. Ms. Middleton was so kind to welcome us all to Palm Spri...

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The American Association for Justice (AAJ) winter convention was back in person this year. While our sister company Advocate Capital, Inc., has supported AAJ for years, this was the first time for AdvoCap Insurance Agency, Inc. to attend. The event, held in Palm Springs,  provided a beautiful setting to return to in-person meetings! Donna Jones and I were...

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New York Governor Kathy Hochul said in a statement, “I agree with the intent of the bill and have reached an agreement with the Legislature to ensure that the scope of the insurance coverage information that parties must provide is properly tailored for the intended purpose, which is to ensure that parties in a litigation are correctly informed about the...

Read More About New York Insurance Disclosure Law