Sparta has less than 2,000 residents, but it’s been the talk of the east coast after a 5.1 magnitude earthquake shook the town and its surroundings on Sunday morning.
A derecho — a dangerous, ferocious wall of wind that’s like an inland hurricane — lashed 700 miles across the Midwest on Monday, flipping cars, downing trees, causing widespread property damage and knocking out power to hundreds of thousands.
Last week we debunked unwarranted fears that workers’ comp is in a profit-crushing “COVID crisis” — mostly because COVID-19 claim costs and claim counts are relatively low. Reality is COVID-19 costs will be more than offset by the massive decrease in new claims seen so far, a decrease that may deepen as jobs continue to disappear.
Many businesses, schools, and event centers use waivers and hold-harmless agreements as a type of security blanket or an extra layer of protection from injury claims.
Raise your hand if you set out with a career path in insurance? (My hands are by my side.) Many of us in the insurance industry did not plan on being here.
As the COVID-19 pandemic amplifies the acceleration of digital business models, Lloyd’s has expressed concern that intangible assets might become a major blind spot for businesses not factoring them into their risk models.
More than 100 people were arrested in Chicago after an overnight fit of violence that appears to have begun with police exchanging gunfire with a 20-year-old man, Police Superintendent David Brown said Monday.
One person is dead, four people were injured and one more person is still trapped under the rubble after a gas explosion in a northwest Baltimore neighborhood Monday morning.
Are you Zoomed out? Had your fill of webinars? Well, you’re not alone. As the conference and events industry has pivoted to virtual gatherings, it’s become increasingly apparent how unfamiliar many meeting sponsors and speakers are with the digital stage.
The cost of claims has been at the heart of Total Cost of Risk (TCOR) since even before the inception of risk management as a separate function. The sheer magnitude of losses, insurable or not, defines so much of what risk managers focus on and tends to be what they report on most often, as well.
Jury trials are gradually resuming even as the COVID-19 threat lingers and safety measures are enacted and evolve. In this unprecedented context, jury verdict risks have changed. While particulars are fact and venue dependent, here is some broad guidance as to likely changes in the dynamics of jury selection and jury deliberations, highlighting areas of greatest risk and recommended steps to address them.
DBRS Morningstar has offered commentary on the current US hurricane season, saying that not only will the season likely see a lot of storm activity, but the resulting insurance claims made will “add to insurers’ woes.”
I had the opportunity to work for a major property and casualty insurance provider that was well on its way with technology research, development investments, tech deployment phases and business transformation.
Biases fall into two general categories: our biases and the biases of others. Biases in our actions or perception tend to occur unconsciously. It is interesting to note that people tend to believe that their own perceptions reflect reality, and if others tend to see things differently (disagree with our position or thinking), then they must be biased.
As a result of their large number, Baby Boomers have dominated the business world for the last few decades. Although Gen Xers will increasingly fill positions of power, with their population 25% smaller than that of Boomers and Millennials, they will never have the same numbers as Boomers and Millennials.
