The Risk Factor
November 2019
RPS Continues to Deliver as E&S Market Grows, Meets New Challenges
RPS President Joel Cavaness shared highlights of a recent Excess & Surplus Lines market roundtable he joined with other industry leaders in The Risk Factor’s latest issue.
The Impact of the Opioid Crisis in the Workplace and on Workers’ Compensation
The opioid crisis has ravaged communities throughout the U.S. and taken the lives of thousands of people. More than 130 people die every day from opioid overdoses, and opioids were responsible for about 400,000 overdose deaths in the U.S. from 1999 to 2017.
Navigating Today’s Hardening Property Market
Two recent reports from AM Best and Fitch Ratings confirm the strength of the Excess & Surplus Lines market. AM Best reported that the E&S market nearly doubled its pace of premium growth in 2018 over 2017 while Fitch confirmed the market’s continued strength in the first half of 2019.
New DOL Overtime Threshold Highlights Need for Compliance, EPLI Coverage
The Department of Labor will make an additional 1.3 million Americans set to qualify for overtime pay effective January 1, 2020. The revised rule affects workers and employers in all industries, but will potentially have the greatest impact on the retail, fast food, higher education and nonprofit sectors.
An Attorney’s Achilles Heel: Legal Malpractice Exposures in Estates, Wills & Trusts
Attorneys in the course of providing their services face legal malpractice risks arising from allegations of negligence by clients who claim a breach of contract or fiduciary duty. In fact, lawyers, have a 4%-17% chance of being sued every year.
Equipping Indoor Sports Facilities with the Right Liability Coverages
By 2035 there will be more people in the U.S. over 65 years old than under 18 years old. RPS Healthcare’s James McNitt takes a look at the impact this sea change is having on the healthcare industry and its insurance needs.