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September 2020
Commercial Insurance Forecast
At this point, it is very difficult to predict what the full impact of the economic downturn and the COVID-19 pandemic will have on the Property & Casualty insurance marketplace. What we do know is that the insurance industry is facing unprecedented challenges, which experts feel will continue through the end of the year and well into 2021.

Currently, Property & Casualty, Umbrella/Excess Liability, and Directors & Officers (D&O) Liability markets are experiencing the most impact.

Property: All across the board, the property sector is experiencing steep rate hikes, coverage restrictions/limitations, and many other challenges resulting from a combination of factors that include social inflation pressures, persistently low yields, and a large number of underwriting losses, including COVID-19 claims and corresponding lawsuits.

Casualty: Rate increases, coverage restrictions, and stricter underwriting standards are commonplace, and it is anticipated that COVID-19 will exacerbate the current market dynamics across all lines including Workers' Compensation.

Umbrella & Excess Liability: The Umbrella/Excess lines experienced the most substantial hardening during the first two quarters of 2020.

Directors & Officers (D&O): A hardening in the D&O marketplace was in play before COVID-19 and it is worsening. It continues to experience premium and retention increases influenced by concerns of increasing claim severity. 

So, what can you do?  

Start your renewal discussions early. With many underwriters working remote, the renewal process is taking longer due to processing backlogs and stricter underwriting guidelines. Time and thorough preparation will be needed for a successful renewal. 

Risk Management: With stricter underwriting requirements and guidelines, having a solid risk management plan shows that your organization is proactive in helping reduce or eliminate claims. 

September is National Preparedness Month
National Preparedness Month (NPM) is recognized each September to promote family and community disaster planning now and throughout the year. 

Preparing and responding to a disaster in the midst of COVID-19 certainly brings new challenges. Knowing how to protect yourself and those around you is imperative in staying safe and healthy in a crisis.


1. Make A Plan:  Create and practice an emergency plan so your family will know how to prepare, respond and communicate before, during and after a disaster.

2. Build A Kit: Being prepared means being equipped with the proper supplies you may need in the event of an emergency or disaster. If you have pets, you should also prepare a disaster preparedness kit for them as well.

3. Prepare for Disasters:  Preparing for a disaster BEFORE a disaster is critical in limiting the impact it will have on you and your family.

4. Teach Youth About PreparednessIt is important that children know what to do in an emergency.  Disaster preparedness can help them gain a sense of understanding and control so they are equipped to respond more quickly and safely in a crisis.

In This Issue
"Autumn shows us how beautiful it is to let things go."


(Yes, insurance can be interesting!)

* Alien Abduction Insurance has been available in the U.S. since 1987.  Don't leave earth without it!

* Benjamin Franklin founded the first U.S. insurance company in 1751.

* Betty Grable, a popular actress during WWII, insured her famous legs for $1 million.

* Bruce Springstein insured his voice for a cool $5.7 million

* Getting married?  You can actually purchase Wedding Liability Insurance, helping to protect against financial loss in the event of a wedding cancellation or vendor incident.

* An insurance company offered a cash reward to anyone who could capture the Loch Ness Monster.

The Post Pandemic Workplace

Reopening the U.S. economy is going to be a fragile process. It seems likely that the experience of living through a pandemic will have a long-lasting impact on the way we work and how our workplaces function.

Recently, Forbes Insights, in collaboration with Zoom, surveyed over 400 senior executives in HR, IT, finance and facilities to better understand how leaders are planning for the return. 

The bottom line: Most leaders predict large-scale changes within their organizations, with some of these changes lasting for months or even years. 

Hawley "Happenings"
Check Out Our Referral Program!

Receiving a referral is the ultimate compliment!  It says we are doing a great job and you feel confident in spreading the word!  

As a thank you for placing your confidence in us, for each referral we receive and bind, you will receive a $100.00 Visa Gift Card!

Your referral can contact us directly or you can complete the referral form for them and we can reach out to them.

We look forward to providing your referral with the same excellent service you have come to know and expect at Hawley & Associates.

Thank you in advance for your referral!     
Introducing Willow & Duchess 

Dogs aren't just man's best friend, they might be man's best coworker too!  We are proud to say that Hawley & Associates is a fido-friendly organization and that we recognize the healthy benefits of bringing pets to work! 

We would like to introduce Willow (left) and Duchess (right). Willow is a Chihuahua-Maltese mix, and she just turned 3.  Duchess is a Shih Tzu and she is 9. 

As you can see, they are both quite busy at work and truly brighten the day for everyone here at Hawley & Associates.
Hawley & Associates LLC | | |
11911 NE 1st St. Ste. B102
Bellevue, WA 98005

* 425-462-4758 * Toll Free 800-914-9135 * Fax 425-462-4783 *