Trends Driving Social Inflation and How to Respond
As an insurance buyer, you may have heard the term “social inflation” used by your insurer to explain the factors driving up the cost of coverage in today’s market. In general, social inflation refers to the rising costs of insurance claims that are a result of societal trends. Trends such as increased litigation, broad insurance policy interpretation, plaintiff-friendly legal decisions and larger jury awards all drive social inflation in the insurance space. As the insurance market changes, it’s important for businesses to understand what’s currently driving social inflation. Doing so not only provides you with a better understanding of the issues...
Say No to Ice Dams and Frozen Pipes
Reduce the Risk of Ice DamsInsulate and ventilate attic space: The underlying cause of ice dams is a warm roof, and the best way to address this is to hire a licensed contractor to inspect your attic space for proper insulation and ventilation. They should evaluate and ensure that: Attic space is properly ventilated to carry away warm air. Living space is well insulated and all points where warm air may leak up into the attic are sealed.Clear snow: If your home has experienced ice damming in past seasons, enlist the help of a professional to rake excess snow off...
Cyber Risk – SolarWinds Orion Advisory
The Arthur Hall Insurance team is following the cyber insurance ramifications of the SolarWinds Orion Supply Chain Cyber Incident. FireEye, a cyber-security company, discovered this large cyber incident in December and the extent and scope of the occurrence is still unfolding. malware used in this cyber intrusion is also known as SUNBURST. The hackers compromised SolarWinds Orion software, which in turn impacted a large amount of government entities and private companies. We are providing this notice due to the size of this incident as well as the cyber insurance marketplace response. If you have not already done so, we recommend you contact...
United States Postal Service Experiences Unprecedented Delivery Delays
Delays in mail service delivery may impact when you receive your insurance policies and invoices. In addition, the delays may also impact the receipt of your insurance premium payment. In order to ensure that your premium payment is received in a timely manner, we recommend that you pay your premium via electronic payment methods. There are options to pay securely by phone, online and/or through a client portal specific to your individual insurance carrier. The electronic payment options can be found on your invoice or please visit our website for a list of insurance carrier websites.Should you have any questions or need...
Loré L. Baker Achieves Prestigious Claims Designation
Arthur Hall Insurance is proud to announce that the Associate of Claims (AIC) designation has been conferred upon Loré L. Baker as she successfully completed all required coursework and passed the national examination for this significant designation. Lore is a dedicated Commercial Lines Claims Advocate for the agency. Developed by the Institutes with support from the National Association of Independent Insurance Adjusters, the Associate in Claims is a nationally recognized educational program for claims. Candidates are required to complete 160 course work hours including ethics courses covering the handling of insurance claims. Offering varied learning tracks, Loré’s focus on General Liability strengthens...
Fall Home Maintenance Tips
While spring is a common time for many homeowners to spend some extra attention on upkeep and maintenance, autumn is just as critical a season for preparing your home to withstand the potentially harsh winter weather and temperature conditions that may await you. By making maintenance part of your annual fall routine you can identify potential problems before they arise, and help prepare your home and property for what Mother Nature has to offer. Following are some home maintenance tips to help you prepare for the coming winter: Have your heating system cleaned and inspected annually by a qualified technician.Replace your furnace...
Employment Practices Liability Insurance
From the moment that you start the pre-hiring process until the exit interview, you are vulnerable to an employment-related lawsuit. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations. If not, there is an insurance solution called employment practices liability that protects against wrongful termination, discrimination or sexual harassment suits from your current, prospective or former employees. This coverage applies to directors, officers and employees, and can sometimes extend to third party liabilities. Why Choose Employment Practices Liability Insurance? According to researchers, three out of five employers...
Ginger Glassman Achieves CISR Elite Status
Arthur Hall Insurance is pleased to announce that the distinction of CISR Elite has been conferred upon Virginia (Ginger) Glassman, of Coatesville, PA,as she successfully completed all nine, classroom or online courses covering all areas of insurance risks and exposures, followed by extensive examinations. The nationally recognized Certified Insurance Service Representative (CISR) Program, available to insurance professionals around the world, is distinguished from other programs of its kind by an annual continuing education requirement, which ensures that designees stay current on important policy changes and trends within the industry. Five successful courses are required to achieve the CISR designation; passing all...
Megan E. Fouraker, CIC Joins Arthur Hall Insurance
Arthur Hall Insurance welcomes Megan E. Fouraker, CIC to their team of experienced professionals as a Commercial Lines Account Manager with primary responsibility to include managing client relationships and exploring new business opportunities in the West Chester, PA office. Megan began her career immediately after graduation from The Charter School of Wilmington and has built an impressive list of accomplishments including Delaware’s Outstanding Customer Service Representative (CSR) of the year. Her commitment to client service excellence aligns with the firm’s mission to proactively advise and advocate for each client throughout the risk management process and to offer solutions for their insurance...
Arthur Hall Insurance – Ready to Assist
Due to Pennsylvania Governor Wolf’s order, the offices of Arthur Hall Insurance are closed. As the COVID-19 pandemic continues to evolve affecting businesses physical locations, rest assured that Arthur Hall Insurance is fully operational and continues to provide the same level of service and care our clients have come to expect. All of our professional associates have transitioned seamlessly to a work from home scenario. Our proven technology enhancements allow us to operate remotely and perform client services with the same safeguards in place to protect sensitive information. We are confident in our ability to deliver the continuous, uninterrupted high quality service...