Insurance broker commission splits: what good actually looks like
A practical guide to commercial insurance broker commission splits, including why 40% new and 25% renewal is common and how 60/50 changes the math.
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Field Notes · Nomos
Vol. 2026 · MAY 2026 · 32 dispatches
Real-time commentary.
What's moving in commercial insurance — cyber, the E&S market, AI liability, and the lines that change faster than the policies covering them.
Why a high commission split can still mean low take-home
A higher broker split is not automatically better, but moving from 40/25 to 60/50 can materially change take-home if the platform supports production.
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The HUD insurance schedule every affordable-housing operator should be running
HUD's insurance requirements for affordable-housing properties are specific, opinionated, and frequently misread. A clear breakdown of what your schedule needs to show.
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Affordable housing insurance in 2026: which markets are still writing, and at what price
Standard carriers have largely exited the affordable-housing property market. Here's where the specialty programmes are pricing in 2026 and what changed since 2024.
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Insurance cluster vs aggregator vs brokerage platform: what producers should compare
Clusters, aggregators and brokerage platforms solve different problems for commercial producers. This guide breaks down economics, access and support.
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The law firm cyber claim that isn't ransomware: client matter data exfiltration
Law firms over-index on ransomware in their cyber planning. The faster-growing claim is silent exfiltration of client matter data — and the policy response is different.
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Questions producers should ask before joining a new insurance brokerage
Before moving brokerages, commercial producers should ask direct questions about book ownership, service support, market access, renewals and exit terms.
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What an accounting practice should carry above E&O
Accountants over-rely on professional liability as their whole insurance programme. Here are the four other lines that actually matter for a CPA practice in 2026.
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Leaving an insurance agency: what happens to your book of business?
Commercial producers thinking about leaving an agency need to understand book ownership, expirations, non-solicits, buyouts and renewal rights before they move.
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LIHTC compliance and your insurance: what the auditors actually look at
Investor and state-housing-agency LIHTC compliance reviews flag insurance gaps that operators routinely miss. Here's what auditors actually pull and where they find issues.
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Nuclear verdicts in trucking: $20M is the new $5M
Average jury awards in commercial trucking cases have moved up sharply. The umbrella limits that protected fleets a decade ago no longer do.
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Florida and California commercial property: where the E&S market is in 2026
Standard commercial property carriers have largely exited Florida and California. Here's what the E&S market looks like for commercial buyers in 2026.
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Air Canada's AI chatbot ruling is a wake-up call for AI liability
A Canadian tribunal made Air Canada eat the cost of its own chatbot's bad advice. What that ruling means for any firm shipping AI features in 2026.
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OT/ICS ransomware: when a cyber claim becomes a property loss
Ransomware that hits operational technology — PLCs, SCADA, plant controls — increasingly produces physical damage. The insurance form question is which policy actually pays.
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Tax-season fraud: the accounting firm cyber claim that isn't ransomware
Accounting firms over-prepare for ransomware. The annual claim that actually arrives is tax-season fraud — fake client emails, redirected refunds, and credential theft at scale.
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Anthropic's Claude Mythos found thousands of zero-days. Your cyber insurance hasn't priced this yet.
Anthropic's Claude Mythos discovered thousands of unpatched zero-day vulnerabilities. What frontier offensive AI means for cyber insurance buyers in 2026.
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Trust account crime cover: the line most law firms ignore until they need it
Law firms hold meaningful client money in IOLTA and trust accounts. The crime / fidelity cover on that money is often sub-limited to a token amount.
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Law firm professional liability: sizing for the partner-track years
A law firm's PL limit needs reset moments — at lateral hire, partnership promotion, practice-area expansion. Most firms set the limit once and let it drift.
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Liquor liability in 2026: state-law changes pushing restaurant premiums up
Several states tightened dram-shop and host-liability statutes in 2025. Restaurant operators are seeing the underwriting impact at 2026 renewals.
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Why grantor insurance requirements are getting harder to meet
Foundations, federal grantors and city contracts are tightening their insurance asks. Non-profits whose programmes used to clear with $1M GL increasingly need to upsize.
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Change Healthcare's breach is reshaping cyber insurance limits
The Change Healthcare attack pushed cyber claim severity into territory most healthcare buyers' limits weren't sized for. Here's how limits have moved since.
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Telehealth and your malpractice policy: the form change most practices missed
Most medical malpractice policies were written for in-person care. Telehealth introduces multi-state licensure and standard-of-care questions older forms don't handle.
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RIA cyber: what FINRA and SEC examiners are now asking about
Cybersecurity has become a top-five exam priority for SEC and FINRA in 2025–2026. Here's what the examiners are asking, and how your insurance posture maps to it.
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MGM's $100M ransomware lesson for multi-unit hospitality
MGM's 2023 ransomware shutdown cost the company an estimated $100M+. What multi-unit restaurant and hospitality groups should take from it.
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The five lines every general contractor actually needs
GL, builders risk, workers' comp, commercial auto and inland marine. What each one does, what each one doesn't, and where buyers most often get caught out.
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Insurance for your Series A: what investors actually expect
Closing a priced round triggers a specific set of insurance requirements. Here's what investors look for, what your board will require, and what's cheap to defer.
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Wire fraud at closing: why your crime policy probably doesn't cover it
Wire-fraud losses are now the largest single cyber claim in real estate. Most crime policies sub-limit or exclude the exact scenario that creates them.
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The MSP contract clause that's costing you E&O claims
One indemnity clause in the typical MSP master services agreement is responsible for a disproportionate share of E&O claims. Here's how to spot it and what to do.
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A&E tail coverage: the mistake that ends careers
Architects and engineers carry decades-long liability tails. Skipping or skimping on tail cover at a carrier switch is one of the costliest mistakes in the field.
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What does cyber insurance actually cover? A line-by-line breakdown
Cyber is now a baseline policy for any serious firm. Here's what's inside it, what's not, and where the form choices most often bite.
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Reading an MSA insurance exhibit: a 10-minute crash course
A practical guide to the insurance schedule on the back of a customer master services agreement — what every clause means, which to push back on, and which to bind to.
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Umbrella stacking: what it costs to go from $5M to $25M
Lender and customer contracts increasingly require $10M, $25M, even $50M of total liability. Here's what the real-world pricing looks like in 2026.
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