Author: Insurance Library

Yes, it’s been a long time since the last post. I’m trying to do better. Stay tuned to see how that works :).

Saturday there was a fun article in the New York Times featuring Fireman’s Fund insuring movies. It reminded me of my promise to update you about insurance articles.

It also reminded me to let you know we’ve started sending out emails called “Collection Selections” highlighting articles we think might be of interest to our membership as well as new publications which have been added to our collection. If you’re interested in getting added to that list, please feel free to email me: shart@insurancelibrary.org

I also wanted to mention that this week is a big week at the library. Remember last year when we mentioned Don Malecki and Greg Deimling coming to Boston to do a couple of seminars? Well they’re back!

You can still register for either of the classes their teaching on Thursday March 29th, or the breakfast discussion on Friday March 30th:

BRIDGING THE GAPS: Three Common Coverage Gaps In Standard ISO Property, Crime & Liability Coverage Forms

This is a three-hour presentation consisting of talks by Greg Deimling and Don Malecki, along with class participation, dealing with three common coverage gap areas in standard ISO Property, Crime and Liability coverage forms.

At the conclusion of this course, the attendees will be able to:
Identify the potential coverage gaps of property, crime and liability coverage forms;
Understand the rationale for the potential problems;
Determine ways to avoid the gaps, including using better alternatives.

Event Info:
$120 for Insurance Library or Boston Chapter CPCU Members / $150 for non-members OR$200 for Insurance Library or Boston Chapter CPCU Members / $260 for non-members for BOTH SESSIONS

March 29, 2012
8:30 to 11:30 AM
Mintz Levin, 1 Financial Center, Boston, MA
Approved for 3 CE credits in MA and NH (RI credit pending)

Insuring Electronic Information: A Cyber Primer

At the conclusion of this course, the attendees will be able to:

Define and know the definitions and underlying terminology regarding data and data elements;
Realize the difficulty in current policies to provide coverage for various intangible exposures created by technology;

Develop a deeper understanding and use of terminology used in internet and cyber liability policies;

Communicate the need for separate coverage for cyber exposures to clients and associates;
Understand coverage form development at the present time in this line of business.

Event Info:
$120 for Insurance Library or Boston Chapter CPCU Members / $150 for non-members OR$200 for Insurance Library or Boston Chapter CPCU Members / $260 for non-members for BOTH SESSIONS

March 29, 2012
1:30 to 4:30 PM
Mintz Levin, 1 Financial Center, Boston, MA
Approved for 3 CE credits in MA and NH (RI credit pending)

Birds-Eye View of Trends In Insurance Coverage

On March 30, 2012, you’re invited to join us at The Insurance Library for breakfast and conversation with nationally recognized insurance experts Donald Malecki and Greg Deimling. Topics covered may include: Who is an Insured (Trust, LLC, Partnerships), Additional Insureds (Additional Insured vs. Additional Named Insured), Cancellation (what does 12:01 really mean) , and more.

We encourage attendees to send questions ahead of time to better direct the discussion. Please note, it’s possible that your exact question may not be addressed, but it will be taken into consideration. This unique opportunity to speak one-on-one with Mr. Malecki and Mr. Deimling should not be missed!

Event Info:

$80 for Insurance Library Members / $110 for non-members

March 30, 2012
8:30 AM to 10:00 AM (Breakfast will begin at 8:00 AM)
Insurance Library Association of Boston, 156 State Street, Boston, MA
This meeting is not approved for CE credit.

“At the ominous word ‘liberality’, Scrooge frowned, andshook his head, and handed the credentials back.” — A Christmas CarolOn Black Friday last year, I posted the many ways you could donate to The Library. The ways haven’t changed, though the various…

The library had its annual meeting today and welcomed a new trustee, Patrick Quinn of Quinn Group Insurance, to the board.Patrick Quinn and Frederick N. Nowell, IIIThree awards were presented at the meeting as well. Sara Hua of Ironshore earned The Fra…

We realize that not everyone has taken the time to explore the resources we’ve posted on our website, so we thought we might highlight some here on our blog.From time to time, we get calls asking for the name of a company based on a company code. While…

This year’s Insurance Library Association’s Annual Meeting will be held on Tuesday, November 22, 2011. The meeting is open to all of our members (member companies may send a representative). If you’d like to attend the meeting or assign a proxy, you ca…

Unlike Memorial Day, Veterans Day is designed to honor all of those in our armed services, not just those who died in service.Though Veterans Day is a U.S. National Holiday, Britain celebrates Remembrance Day on the same day (both holidays began to hon…

Sandra Glaser Parrillo, 2011 Insurance Professional of the Year Award Winner Donald F. Vose, President of the Board of Trustees for The Insurance Library Association of BostonI’m afraid this blog languished while we worked on the Education Fair in Sept…

In light of the satellite expected to fall to earth, there’s an interesting article on slate about insurance coverage for falling satellites: http://www.slate.com/id/2304426/

We’re overwhelmed with preparations for two big events this fall. The first is our Education Fair,scheduled for Thursday September 8th. We’d love it if you stopped by the Library to explore some of our course offerings, get education counseling or just to take a look at some of our spruced up classrooms. We’ll have refreshments and drawings for some great prizes as well as insurance-related items free for the taking!

We’re also working on preparing printed invitations for The 10th Annual Insurance Professional of the Year Award Ceremony printed this week so that we can mail them out next week. We have 26 tables already reserved, leaving 9 still available (if you’re interested, you should probably act soon!).

Since we’re so busy and I’m finally making a blog entry, you might think I would be popping in to discuss hurricane-related subjects– a lively wind vs. water debate, perhaps. You’d be wrong though. I saw something interesting on the web and thought I would share it here for those who are interested. This spring, I wrote on earthquakes and one of the earthquakes mentioned was the one in New Zealand which damaged Christchurch Cathedral.

They’ve come up with a unique solution for an interim church. They’re creating a cardboard cathedral. The architect has built similar structures in Japan, following their earthquake. You can read more about the solution here, here and here. I think (though I might be misunderstanding the model) that they’ll even have stained glass windows. It’s not a cheap solution, but it is supposed to last for a decade, at which point they hope to have a suitable replacement.

For those of you disappointed we didn’t talk about hurricanes this time, I leave you with a link to this article. It reminds me of a scene from Low and Behold, an independent film dealing with claims adjusters in post-katrina New Orleans. There’s a point in the movie where the main character attends a claims adjuster conference and the leader says:

I used to lay in bed at night and pray to God that he would bring a natural disaster on this country, a disaster so large as to bring massive property damage. No one would get hurt or die. But it would yield the largest claims the industry had ever seen.

The director said that he’d actually heard this speech given when he was training to be a claims adjuster but that no one believed him. Perhaps he wasn’t making it up. . .

Still disappointed? How about this article from the New York Times which mentions:

While insurers have typically covered about half of the total losses in past storms, they might end up covering less than 40 percent of the costs associated with Hurricane Irene, according to an analysis by the Kinetic Analysis Corporation.

The first year I started at the library was also the first year the library hosted The Insurance Professional of the Year Award Ceremony (for a history of the award please refer to this post). It’s with much pride that we’ve reached the 10th anniversar…