With natural catastrophes starting to hit, the economy in rough shape, and the courts poised to weigh in on potential business interruption exposures, insurance companies are buckling in for a rough ride ahead, a recent report warns.
As the entire world scrutinizes the American justice system and police involvement in the deaths of unarmed black men and women, the insurance industry is in a unique place to exercise a market-based solution: Mandatory professional liability insurance for police officers.
If we want to capture the hearts and minds of our clients, stop being viewed as commodities, and instead be brands worth loving, excellent customer experience (CX) is the pathway to success.
In the last few years, Arkansas, California, Illinois, New York, Texas and Washington have all enacted legislation that impacts how businesses can use an individual’s biometric data. Because of the COVID-19 pandemic, businesses will face critical questions on how best to handle this data as they begin to re-open.
The coronavirus (COVID-19) pandemic has had a significant impact on the non-profit sector. Many have had to either dramatically reduce, change, or completely shut their organizations down in adherence of state public health mandates.
Food donations provide not only vital opportunities to combat food insecurity, but also valued tax deductions for contributions to qualified agencies. But what if donated foods become an immediate cause of a nationwide product recall or associated food-borne outbreak?
Unlike restaurants, bars, salons and gyms, insurance companies didn’t shut down at the beginning of the COVID-19 pandemic. They’re not facing uncertain futures like many businesses that depend on retail traffic. And no matter how they were financially affected, their customers can’t avoid buying their product.
Every summer, Gallagher’s offices open its doors to more than 400 interns across the country. For nine weeks, young professionals learn alongside experienced sales producers and consultants. They give presentations, shadow client meetings, participate in sales challenges and prepare mock proposals.
As we head into what is predicted to be an active hurricane season, we can expect major property damage to hit the industry again. But as virtual adjusting and predictive analytics continue to disrupt the claims space, mega property claims remain stubbornly analog.
A peaceful protest in Seattle turned violent when some demonstrators vandalized government buildings and ransacked businesses, including an Amazon Go store and a Starbucks.
The insurance market was set to hit new highs in 2020. Then COVID-19 happened. That forecast – and the global economic outlook – is now far less certain.
This year, we have witnessed explosive growth in technology adoption. Zoom video conferencing has risen 574%, Instacart grocery delivery has jumped 450% and Google Classroom usage has increased 580%—all due to COVID-19. The pandemic has truly altered how we think about and use technology.
When a natural catastrophe strikes, the physical and economic damage to a community is undeniable. Roads flood, businesses face prolonged closures and insurance gets called in to help cover losses.
