Violent risks: An active shooter & deadly weapon insurance Twitter chat
A panel of experts will discuss coverage for acts of violence, how to underwrite these risks and what businesses can do to prepare for them.
A growing demand for insurance policies and risk mitigation strategies that help insureds manage political violence and active shooter situations has accompanied the unfortunate recent rise in such events.
AXA XL’s program is seeing demand up more than 50% in new submissions and bind orders, according to Paul Marshall, managing director and underwriter of the active shooter and workplace violence division for McGowan Program Administrators. McGowan manages AXA XL’s coverages in this sector.
Marshall and other experts in the field will be discussing active shooter, deadly weapon coverages and other related insurance issues during “Violent Risks: Active Shooter Insurance & Deadly Weapon Protection,” an upcoming Twitter chat hosted by PropertyCasualty360.com and the Insurance Coverage Law Center.
Other panelists for the chat, which takes place Tues., Sept. 27, 2022 at 11 am (EST), include Kathleen Bonczyk of the Workplace Violence Prevention Institute and Nancy Germond of The Big-I.
McGowan began administering AXA XL’s deadly weapons protection and active assailant policies in 2016. During that time, these coverages have seen 25% year-on-year growth, Marshall tells PropertyCausalty360.com.
Along with the demand is a rise in costs for these policies. In the past 12 months, premiums have increased an average of 15% compared with the prior year depending on location, according to Beazley.
To learn more about how these policies respond to tragic events as well as how businesses can attempt to manage these risks, follow the hashtag #ActiveShooterRisk, and add it to your tweets to join the conversation on September 27.
If you can’t make it during the chat, review the discussion by searching Twitter for #ActiveShooterRisk.
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