Scrooge & Marley, PLC: A commercial insurance case study


Scrooge & Marley, PLC, was a privately held partnership in 19th-century England that operated out of a dingy warehouse in the Cornhill section of London. Partners Ebenezer Scrooge and Jacob Marley founded the “counting house” with no outside investors or small business loans. Marley referred to the firm as “a money-changing hole,” a closely held, […]

The Insurable Risks of Zombie Attacks on Small Businesses


Zombies are sweeping the nation—at least if you believe the media and pop culturists. The walking dead are everywhere, from cities and small towns to homes and offices. While most people try to eradicate them, few are learning to adapt and deal with the situation. Case in point: For every time you’ve seen zombies creating […]

Insurance and the presidential conventions

As was evident while viewing the Republican and Democratic National Conventions, the political operatives of their national committees truly delved into the minutia of how to spin their respective gatherings in Cleveland and Philadelphia. But politicians aren’t the only group with a vested interest in the smooth running of such conventions. Each has nonpolitical staff […]

Traumatic brain injury deaths highest for small company construction workers


As you might imagine, the construction industry has the greatest number of both fatal and nonfatal traumatic brain injuries (TBIs) in U.S. workplaces. A total of 2,210 construction workers died because of a TBI from 2003 to 2010. That’s a rate of 2.6 per 100,000 full-time workers. The deaths represent 25 percent of all construction […]

What to look for when underwriting a general liability policy


Underwriters today have a thirst for reliable data but often face daunting research challenges to find it. They also face disjointed data sources that provide inaccurate and incomplete information. For general liability underwriting, you need reliable data that falls into three categories: the business itself, the actual premises, and the surrounding neighborhood. All three categories […]

You’ve got to ask yourself one question: “Do I feel lucky?”

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As an insurer, how much do you rely on luck? As Verisk’s principal commercial property consultant, I interact with many carriers who insist they would never count on luck. If you agree with them, you may want to think again. In fairness, to answer the question, we first have to define “luck” as it pertains […]