| | | | | | |
| | | | This newsletter contains updates on the latest NFP and industry resources related to the Property and Casualty industry.
| | | |
|  | NEW RESOURCES |  | | |
| | | Thought Leadership: Generating Revenue During Economic Uncertainty | | | | | | Many changes in today’s economy are demanding creative solutions for lenders. These economic shifts have been both positive and negative, making for an uncertain current and future state.
The present problem is finding a way for lenders to increase revenue, as they have seen a substantial recent reduction due to the drying up of the refinance market and the slowing of the purchase market.
Learn more about how the lenders that will thrive in this unknown economic territory are those who will implement solutions to aid them in increasing their revenue.
Read the full article here. | | |
|
|
| | | Thought Leadership: Delaware Extends Exculpatory Protections to Corporate Officers | | | | | | The total risk management picture for corporations in Delaware is changing due to a recent amendment to its laws pertaining to the exculpation of corporate officers, eliminating the personal liability of directors in certain cases. Previously, the Delaware General Corporation Law only allowed exculpation to be extended to directors.
Our experts break down how this amendment changes risk management, explore what this could mean for corporations in Delaware and discuss the next steps.
Read the full article here. | | |
|
|
| | IN THE NEWS | | | |
| | | | | | Ullico Casualty Group, NFP and the New Terminal One Launch Landmark Alternative Dispute Resolution Program | | | | | | NFP, Ullico Casualty Group, LLC and New Terminal One have partnered to successfully integrate an Alternative Dispute Resolution (ADR) program into the JFK Airport project, creating a culture of safety, support and security for workers.
ADR is an independent system for administering union workers’ compensation claims. The new model, the first ADR program agreed to by the Building and Construction Trades Council of Greater New York in 20 years, has national implications for union workers, generating opportunities for union labor to be more competitive and securing construction agreements that previously would have been awarded to non-union workers.
Under a project labor agreement, the New Terminal One expects to generate 6,000 construction jobs and a total of 10,000 jobs over the life of the project.
“NFP’s decades-deep expertise in the construction and workers’ compensation space has allowed us to collaborate seamlessly with Ullico Casualty Group to create a coverage solution that is mutually beneficial for union employees and general contractors,” said Henry Lombardi, executive vice president, Property and Casualty, NFP.
“By bringing the right people and right resources together, we have empowered the signatory employers to bid more competitively on construction project labor agreements across the five boroughs and delivered a big win for New York City Organized Labor.”
View renderings of NTO and read the full press release here. | | |
|
|
| | | | | | | | Vermont RISC Team – Client Appreciation Dinner | | | | | | Our #NFP RISC team had a great time hosting a client appreciation dinner during last month's Vermont Captive Insurance Assn (VCIA) annual conference.
Thank you to the VCIA for getting us together in person again for a fun-filled event of #networking and gaining insights into industry trends from thought leaders across the world!
Learn more about how we are creating sustainable, strategic solutions here. | | |
|
|
| | CORPORATE BENEFITS / LIFE & WEALTH | | | |
| | | Interested in updates on NFP’s other lines of business? | | | | |
|
| | | 9/21/22 21-FPC-GEN-GEN-0008
This information has been provided as an informational resource for NFP clients and business partners. It is intended to provide general guidance, and is not intended to address specific risk scenarios. Regarding insurance coverage questions, each specific policy must be reviewed in its entirety to determine the extent, if any, of coverage available for the impact of the Coronavirus. If you have questions, please reach out to your NFP contact. | | |
|
|
| |
