Loss Control

Leadership in Florida seems committed to shrinking the size of the states exposures to a major hurricane, says Robert Hartwig, president of the Insurance Information Institute.

A survey of employees at independent agencies has revealed that many clients do not understand their fiduciary exposures. Nearly 80 percent of agents say clients tell them they dont feel like there is an exposure.

In spite of a difficult year for catastrophes, buyers of both liability and property coverage are for the most part pleased with their renewals, even for difficult placements, although they stress that having a positive risk history and solid broker/market relationships makes a difference.

Sarah Perry, risk manager for the City of Columbia, Mo., completed the citys renewals by Oct. 1--but while property "went great," there were some problems.

Pennsylvania State Universitybecause it is included among a select group of schools that are neither public nor privateis still open to civil ligation.

Travelers Companies Inc. has introduced a specialized insurance offering with IndustryEdge for Craft Breweries.