Loading...

Management Liability and Specialty news & insights

Infrastructure, Industry Evolution and the International Reverse-Flow

The market has changed considerably in the last few years. It wasn’t that long ago that the industry was struggling with the loss of infrastructure revenue from fuel taxes and mass transit, putting significant strain on state and local budgets. Today, the steady increase in project size, scope and time constraints has brought with it a commensurate surge in pricing and scheduling overruns.

The Growing Threat of Litigation Abuse

Litigation abuse can affect both you and your businesses' financial gains in potential litigation. Discover how to mitigate risk for your organization.

Safeguarding Against Fraudulent Subcontractor and Vendor Bills in the Construction Market

In today's digital age, the construction market faces an increasing threat from cyber criminals targeting small and mid-sized construction companies. The average cost of data breaches globally in 2023 was $4.45 million. In the United States it was $9.44 million.

Into the Breach: Plan Ahead for Cyberrisks

Into the Breach: Plan Ahead for Cyberrisks

Tim Nunziata, vice president and head of cyber risk, Commercial E&O at Nationwide, said that when it comes to a cyber incident, the idea of being able to put a plan in place post breach is not realistic.

Lynette Lyngaas

8 EPL Questions for Nationwide’s Lynette Lyngaas

As an AVP at Nationwide, Lynette Lyngaas focuses much of her effort on understanding and mitigating the risks associated with artificial intelligence in recruiting, compliance with the Pregnant Workers Fairness Act, and managing the overall risks associated with underwriting employment practices liability (EPL).

Protection beyond insurance

Insurance can be a risky business, and it’s even riskier if you can’t offer your clients the complete protection they need to operate in compliance with local, state and federal bond requirements.

The next new norm

The construction industry is sensitive to economic and environmental risks in ways that surpass many other industries.

Workers at a construction site

P3 Possibilities: Risk, Responsibility and the Surety Effect

Public-private partnerships (P3s) are growing as a way to deliver large infrastructure projects in the United States.

Man and woman reading tablet at desk

Regional bank failures shift underwriting perspective

The speed at which misinformation can travel online, however, will remain a contributor to uncertainty about the banking sector now and going forward.

Graphic of computer chip with AI written on it

Beware of artificial intelligence

Produced in partnership with RIMS, Nationwide and PK Law will discuss AI and recruiting. Listen to this recorded webinar titled: Be aware of artificial intelligence, it can cause very real trouble.

two people working at a laptop

Nuclear verdicts promote a dangerous settlement

Live from RISKWORLD 2023, hear how outsized verdicts can drive other insureds to seek earlier settlements, which in turn can encourage additional litigation.

image of a business meeting

ESG reporting requirements

Environmental, social and governance reporting requirements are not particularly cumbersome for companies.

woman working at a computer

A day at the breach

When it comes to a cyber breach, there are a number of tools an insured can use to fight back.

image

Antitrust investigations into worker pay heat up

The U.S. Justice Department's antitrust division has sharpened its focus on collusive actions by companies to increase profits by suppressing wages.

image

Business email compromise explained

Business email compromise (BEC) - sometimes referred to as email account compromise - is a type of social engineering that is one of the most financially damaging forms of cybercrime.

image

Cyber markets might be stabilizing

Pre-breach services can help insurers prevent and prepare for cyberattacks.

image

Recognize, resolve and repeat: The essential elements of a successful risk mitigation plan

Construction is inherently risky and there's never a time that's risk free and all is well. In addition to general risks inherent in contracting, there often exist heightened specific risks related to other economic issues, e.g., fewer available projects due to recessionary pressures, severely tightened lending standards, etc.

image

What financial institutions should seek in a liability insurer

Financial institutions represent a broad array of entities that provide financial services, from banks to hedge funds, to mutual funds, insurance companies, investment advisers and other types of financial organizations. Each of these kinds of businesses faces specialized liability risks, and therefore they need specialized solutions to manage those risks.

image

3 things risk managers and brokers need to review before securing their crime & fidelity policy

There are several areas to review before picking the right crime and fidelity policy, from growing risk trends to the language provided in the form.

image

IIJA creates opportunities for small contractors and sureties, alike

The Infrastructure Investment and Jobs Act (IIJA) will soon inject hundreds of billions of dollars into infrastructure projects across the country, including roads and bridges, power grid updates, water infrastructure and railroad enhancements.

image

Let's Get Surety®!

On this podcast, Let's Get Surety is joined by veteran surety claims attorney Jim Milos of Nationwide to talk about how technology and data collection has evolved and their use in addressing surety claims.

image

How contractors can protect themselves from surety bond fraud

The construction industry depends upon the protection provided by surety bonds, guaranteeing performance and payment obligations. Unfortunately, fraudulent bonds do exist in the marketplace, negatively impacting owners, general contractors, subcontractors, and suppliers who rely on the security the bond provides.

image

Demand for MLS

Nationwide Management Liability & Specialty leader, Tom Iorio, discusses how data & analytics as well as other technologies such as artificial intelligence and machine learning are changing the game for management liability insurers.

image

Live from RIMS RISKWORLD 2022

Nationwide Senior Vice President Thomas Iorio and Associate Vice President of Management Liability and Specialty Group Joseph Werner said to mitigate risk, companies should formulate, communicate, investigate and accommodate.

image

Employment losses in the wake of COVID-19

A look at the most frequent types of employment losses to arise from COVID-19 and return to work.

image

Excess Casualty in excess

The Excess Casualty marketplace continues to experience large severity losses, driven by an increase in nuclear verdicts and social inflation. Look at some of the large-loss trends, according to Advisen's database.

Strategic opportunities to expand D&O in a shifting marketing environment

As the hard market of recent years continues to moderate, Nationwide Management Liability and Specialty is poised to leverage its strength, stability and industry expertise to expand in to the primary D&O market.