Alliant's Public Entity Group maintains the Insurance Requirements in Contracts (IRIC) Manual as a service to the public sector and PRISM members. The manual is reviewed annually for any updates or changes to suggested insurance requirements. The newly released Version 2026.1 includes the following modifications:

  • Updated Cyber Chapter and Exhibit
    • Emphasis on Artificial Intelligence
    • Exclusions appearing for generative AI
      • Lawyer using ChatGPT to write briefs
      • Discrimination in hiring
      • Customer-facing chatbots providing incorrect information
  • Updated Airport Exhibit
    • Fixed Base Operators (FBO’s)
    • Non-aviation leases of hangars
  • Updates on Contractor’s Builder’s Risk - Potential gaps in coverage
      • Contractor takes position that project is done, wants to lapse coverage
      • Entity cannot yet take occupancy, checklist to be completed
      • Entity’s property insurance won’t add to coverage without certificate of occupancy
      • Potential gap in coverage
  • Updated Marine Exposure Exhibit
    • Coverage guidelines added for Marine Exposure
    • Exhibit updated to be more user-friendly
  • Notes on “fake” Additional Insured endorsements
    • Walk and talk like ISO
    • Have ISO style formatting and form number formats
    • Far more restrictive in the coverage allotted
    • Read carefully!

For questions or additional information, contact Thomas Joyce, Assistant Vice President, Alliant Insurance Services, Inc.