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A New Approach to Property Resilience

A New Approach to Property Resilience

The history of the standards we use for how we build structures -- homes, apartments and commercial and manufacturing buildings -- has largely to do with regional authorities determining what criteria they need to meet to keep the occupants of the building safe.
May 19, 2023 Property Risk Management

At RISKWORLD 2023: Training Is Vital For Active Shooter Survival

At RISKWORLD 2023: Training Is Vital For Active Shooter Survival

One week before their May 1st presentation at RIMS’ 2023 RISKWORLD event in Atlanta, Ike Jenkins and Marc Vincent updated their slides with the latest figures on U.S. mass shootings. By the time they’d checked into their hotels, the figures were already outdated.
May 9, 2023 Risk Management Workers' Compensation

Addressing The Risk Of Greenwashing Claims

Addressing The Risk Of Greenwashing Claims

As part of a growing focus on ESG issues, regulators around the world have been focusing on exaggerated or unsubstantiated claims regarding sustainability, also known as ‘greenwashing.’
April 28, 2023 Risk Management

Beyond Fire: Triple-I Interview Unravels Lightning-Risk Complexity

Beyond Fire: Triple-I Interview Unravels Lightning-Risk Complexity

Lightning is a more complex peril than it is often given credit for being, according to Tim Harger, executive director of the Lightning Protection Institute (LPI). In a recent interview with Triple-I CEO Sean Kevelighan, Harger discussed the importance of preparing for and preventing damage from this risk, which is second only to flooding when it comes to costly weather events.

People typically think about fire damage when they think about lightning. But Harger said, ‘Beyond the fire is the destruction of electrical wires and infrastructure that supports everything we do to communicate and to conduct business.’
April 25, 2023 Risk Management

Climate Change Is Creating A Huge Bubble In The U.S. Financial System

Climate Change Is Creating A Huge Bubble In The U.S. Financial System

Homes constructed in flood plains, storm surge zones, regions with declining water availability, and the wildfire-prone West are overvalued by hundreds of billions of dollars, recent studies suggest, creating a housing bubble that puts the U.S. financial system at risk.
April 17, 2023 Catastrophe Legislation & Regulation Property Risk Management

Predict & Prevent Will Shape Our Future, But Its Underlying Principles Have A Distinguished Past

Predict & Prevent Will Shape Our Future, But Its Underlying Principles Have A Distinguished Past

As you can see throughout the March/April special issue of Risk & Insurance, as well as here on the risk website, there is growing momentum to find a better way to help individuals, businesses and society manage the severe risks they are facing: Predict & Prevent.
April 14, 2023 Insurance Industry Risk Management

How A One-Two Weather Punch And AWOL Adjusters Became A Property Program’s Perfect Storm

How A One-Two Weather Punch And AWOL Adjusters Became A Property Program’s Perfect Storm

Risk managers never sleep easy, nor do they take anything for granted. Charlene Schultson, the Executive Vice President Commercial, North America, for the Patriot Mutual Insurance Company, is no exception.
April 12, 2023 Property Risk Management

Backup Plans: How To Preserve Institutional Knowledge As Employees Depart

Backup Plans: How To Preserve Institutional Knowledge As Employees Depart

The Great Resignation and Silver Tsunami have received a lot of recent attention as two workforce trends making a significant impact on organizations. With the workforce rapidly graying, some employment experts are saying we are in the midst of the ‘Great Retirement.’
April 12, 2023 Risk Management

"Risk Management Is Shifting" -- The Institutes CEO

"Risk Management Is Shifting" -- The Institutes CEO

A predict and prevent approach to risk management is becoming more significant as technological developments create added value for both brokers and their policyholders.
April 7, 2023 Insurance Industry Risk Management Technology

Zurich Latest To Drop Out Of Net-Zero Insurance Alliance

Zurich Latest To Drop Out Of Net-Zero Insurance Alliance

Zurich Insurance Group has become the latest Net-Zero Insurance Alliance (NZIA) member to quit the organization within days, hot on the heels of Munich Re.
April 6, 2023 Insurance Industry Risk Management

Drones Tapped To Improve Risk Management

Drones Tapped To Improve Risk Management

Drones have been deployed by insurers and risk managers for several years to better assess risks, respond to catastrophes and improve claims efficiency.
April 4, 2023 Property Risk Management Technology

Psychological Safety In The Workplace

Psychological Safety In The Workplace

Any workplace knows to follow certain physical safety guidelines. If you’re handling biological waste, you wear protective gear and wash your hands. If you’re working with power tools, you know to use ear and eye protection.
March 21, 2023 Risk Management

2017-22 Losses A ‘Wake-Up Call’ To Better Assess Climate Risk

2017-22 Losses A ‘Wake-Up Call’ To Better Assess Climate Risk

The record global natural catastrophe losses between 2017-22 are a ‘wake-up call’ for the industry to ‘better assess, manage, and transfer’ the risks of future climate-related events, saids Mohsen Rahnama, CEO of Moody’s RMS.
March 16, 2023 Risk Management Underwriting

How Digital Twins Help On Climate

How Digital Twins Help On Climate

Digital twins help insurers leverage high-quality data to counter unpredictable weather conditions caused by climate change.
March 14, 2023 Property Risk Management Underwriting

Preparing For New Business Email Compromise Attacks

Preparing For New Business Email Compromise Attacks

Business email compromise (BEC), also known as ‘CEO fraud,’ is one of the most expensive forms of cyberattack, yet companies continue to overlook it as a significant and active threat to their bottom lines.
March 13, 2023 Fraud Risk Management
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