Insurance purchasing decisions are often made without adequate data to compare potential purchases with peer institutions. A benchmark report can offer institutions access to this data and many other critical data points by surveying like-minded institutions on various issues and uncovering how they...
Educational institutions have faced a multitude of issues on all fronts as a result of the COVID-19 pandemic. However, one of the most significant risks is one often without a clear answer; managing uninsurable COVID-19 risks. It is critically important to understand the details of the wide range of...
In the past year, cybercrimes and vulnerabilities have been firmly in the spotlight. Last year, as the world shifted to remote operations amid the COVID-19 pandemic, vulnerabilities became apparent as cybercriminals scored big. From the high-profile Colonial Pipeline attack to one that hits home for...
The commercial insurance market continues to experience "hard market" conditions with premium increases on many lines, reduced capacity, and enhanced underwriter scrutiny. As schools across the country continue to navigate a challenging admissions season, make decisions around vaccination...
For several years, the RCM&D Education Practice has authored its annual “Education Outlook - Top 10 Risks for Education” report. While certain market dynamics and risk trends from 2020 certainly evolved going into 2021, the key risks have not materially changed. These risks include the COVID-19...
Each year, RCM&D collects and reports annual benchmark data on student health insurance. This year’s report is the eleventh benchmark review of its kind and aims to provide insights into the current industry landscape for student health insurance plans. The 2020 – 2021 plan year has been more...
Social Inflation is a phenomenon that has affected litigation trends in nearly every industry segment, one of the prime examples being education. Social Inflation refers to rising costs of insurance claims relating to societal trends, increased jury awards and broader definitions of liability. As...
Litigation trends in education have continued to show troubling signs for schools in recent years. Overall, jury awards are increasing, and the costs associated with defending lawsuits are skyrocketing. One of the critical issues is litigation financing, an investment strategy by which private...
Due to advancements in medical diagnostics, litigation, and increased media attention, Traumatic Brain Injuries (TBI) and concussions have become an important topic in all sports in the past decade. The risk is not just related to football; instead, any sport with contact such as soccer, hockey...
Sexual assault and molestation remain one of the most challenging coverages for insurance carriers. It’s easy to remember notorious examples like the Penn State and Michigan State scandals in education. However, these well-publicized claims are not the only factors leading to enhanced underwriter...