Heat-related illnesses are common, costly, and dangerous; they can affect anyone at any given time. According to the Occupational Safety and Health Administration (OSHA), in 2014 alone, 2,630 workers suffered from heat-related illnesses, and 18 died from heat stroke and related causes on the job. By taking proper precautions, heat-related illnesses and deaths can be prevented.
PJM and New England Capacity Performance Penalties set to Increase in 2017
Beecher Carlson’s Global Energy Practice can assist you in mitigating penalties for Capacity Resources. The PJM penalties, which began in June 2016, will increase in June of 2017 and 2018 delivery years for most assets.
By Michael D’Ambrise What can we expect from the U.S. Equal Employment Opportunity Commission (EEOC) this year after the events…
Cyber: A Tale of Two Markets
Inconsistencies in the cyber insurance policies can lead to “Swiss cheese towers” of coverage.
You know a risk category is mature when people start to refer to it as “traditional.”
The cyber market is a perfect example. Despite the evolving nature of cyber risk, the industry has developed a set of traditional coverages that are well understood by underwriters and buyers alike.
Those policies include both first- and third-party coverage for well-known risks like privacy liability, breach response costs, cyber extortion and lost revenue from a hack; however, non-traditional risks such as physical damage and bodily injury resulting from a cyber breach or system failure pose new threats and challenges.
Read the full article, “Cyber: A Tale of Two Markets,” here.
Surety Bonds: An Alternative to Letters of Credit
See the latest from Karl Choltus, Leader of the Beecher Carlson Surety Practice, on the advantages of using surety bonds instead of letters of credit.
Download “Surety Bonds: An Alternative to Letters of Credit” here.
Renewable Energy Comes Of Age
No longer a niche market, loss histories for renewable energy are reworking how green is insured.
Renewable energy can no longer be called alternative energy, now that wind and solar electricity are providing large percentages of total power in several North American wholesale markets.
As a result, underwriters and brokers who serve green power producers have enjoyed growth, but have also been vexed by what can best be described as the challenges of an adolescent industry.