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Healthcare Staffing Shortages: Impact on Quality Care and Insurance Claims The healthcare industry faces a critical staffing crisis. Since the pandemic, over 100,000 nurses have left the profession, and physician shortages could reach 86,000 by 2036. This shortage stems from increased healthcare demand, an aging population, and an aging workforce, leading to declining care quality...
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The Importance of Intellectual Property Insurance In today’s business landscape, intellectual property (IP) is a cornerstone asset, comprising a significant portion of company value; over 84% for S&P 500 firms. As the importance of IP grows, so does the need for intellectual property insurance. It is becoming essential for managing risks associated with IP disputes....
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A common mistake made by those who aren’t well-versed in claims-made coverage, and even those who are, is conflating a policy’s Pending and Prior litigation date with the Prior Acts date. The importance of understanding the difference between these two features is significant and can lead to significant E&O claims if not addressed properly. First,...
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  CrowdStrike Incident’s Ripple Effect on the Cyber Insurance Market Navigating the Aftermath: Lessons from the CrowdStrike Cyber Outage   On July 19th, the CrowdStrike cybersecurity incident reverberated across global financial institutions, airlines, healthcare facilities, and government offices, disrupting operations worldwide. According to CrowdStrike, a faulty sensor configuration update in its cybersecurity platform triggered the...
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