Weekly news & updates
May 20, 2021
News Affecting You
Find Markets with our Market Access Guide
Our goal is to make it easier for you to find the markets you want and need. That is why we developed 2021 Market Access: A Big I KY Guide. What carriers are available to you with your Big I KY membership? Click the button below to find out.

In this publication, you will find information about our Industry Partners and our Market Access Programs (Independent Market Solutions and Big I Markets).
Does Additional Insured Status Replace the Need for a Waiver of Subrogation?
Over the last few weeks, the VU has received questions similar to this: "A subcontractor told our insured, the general contractor, that the contractual requirement to add the general contractor as an additional insured made the requirement to attach a waiver of subrogation unnecessary. The subcontractor's contention is that the insurance carrier can't subrogate against an additional insured and thus there is no need for a waiver. What is your opinion?"

Actually, this is an old argument made out of some level of ignorance regarding how these two risk management methods differ. While there is a sliver of truth in the subcontractor's assertion, a "sliver of truth" is not the same thing as truth.

Additional insured status does not grant the same type of protection to the general contractor as does the waiver. Further, these risk management techniques exist to accomplish different goals. 


Source: Virtual University
Wind and Water: Modeling Tropical Cyclone Risk in India
India, home to 1.2 billion people, is one of the fastest-growing economies in the world. It is also vulnerable to several types of natural disasters, including cyclones, earthquakes, droughts, and floods. According to the Ministry of Home Affairs in India, annual economic losses from natural hazards have more than tripled during the last three decades, with losses during this period estimated at over USD 48 billion.

Roughly 60% of India's landmass and more than 5,700 kilometers of the coastline is exposed to tropical cyclones. And while cyclones in India are well known for their powerful and destructive winds, they can also produce copious amounts of rainfall, which can lead to inland flooding—a significant driver of loss in the region.


Source: AIR - A Verisk Business
2021 EMERGING LEADER SUMMIT
EKU RMI Golf Outing
The Eastern Kentucky University Risk Management and Insurance Department is hosting a golf outing on Monday, August 30, 2021 at The University Club at Arlington.

Register before June 15, 2021 for the early bird discount!
Sponsorships are also available.
New Scholarship Aims to Attract Diverse Students to the Insurance Industry
Kentucky Employers’ Mutual Insurance (KEMI), a workers’ compensation insurance provider, established a new scholarship at Eastern Kentucky University with the goal of ultimately having a more diverse workforce within their company and the insurance industry. 

Last year, KEMI formed a diversity and inclusion committee to identify ways for the company to be more inclusive. In one of the committee’s first meetings, KEMI President and CEO Jon Stewart shared that when he travels for insurance conferences and looks around the room, he sees a lack of diversity among those in leadership positions. 


Source: EKU Stories
Want to Find More Value in your Membership?
SCHEDULE YOUR VIRTUAL AGENCY VISIT
We miss you and can't wait to see you again in-person. We are still here for you and want to help anyway we can. Schedule your Virtual Agency Visit with Katie Hines, Membership Services Director, to learn more about our 90+ Products and Services that YOU have access to.
Continuing Education Opportunities & Discounts
Agents & Brokers Education Network



Commercial Lines Coverage Specialist Designation with Christine G. Barlow CPCU
Save BIG with Big I KY

Code: BIGIKY20 for 20% off

Code: BIGIKY10 for 10% off any ABEN course.

Code: KYVOD20 for 20% off any on-demand ABEN course.
Thank You 2021 Industry Partners
Diamond Level Partners
Platinum Level Partners
Gold Level Partners
SECURA Insurance
KEMI
Summit Holdings
Keystone
CRC Group