Internet of Things (IoT) technology offers homeowners the ability to predict and prevent costly damage to their dwellings and other property -- and it also may help head off devastating natural catastrophes.

Benjamin Franklin, in urging a more robust approach to firefighting in Philadelphia, wrote: ‘an Ounce of Prevention is worth a Pound of Cure.’ Today, nearly 300 years later, we see again that prevention is needed.

Some economists are forecasting a deepening recession in 2023. While there are varying measurements to determine what qualifies as a recession, the consensus is that rising interest rates and high inflation will continue to put the squeeze on Americans’ wallets in the new year.

As part of a two-part series focusing on present and emerging supply chain risks, Chubb analyzed the current international supply chain risk landscape to identify some of the main issues impacting businesses around the world.

As recent weather events in California demonstrate, most property owners should be doing much more to prepare for heavy rains and flooding.

The expansion of the insurance value chain to include risk mitigation has been underway for decades. But in recent years, it’s been rapidly progressing toward a tipping point where the ‘insurance’ sector brand will be reinvented as ‘risk management and insurance.’

When approaching a workers compensation settlement, efficiency and accuracy are critical. While it is important to get the settlement right, speed is key to curbing the potential long-term sprawl of expenses related to medical treatment, potential surgeries and indemnification for carriers and businesses.

In the final two weeks of 2022, an arctic high-pressure system, guided by a south-bound polar jet stream, pushed frigid air across Canada and the U.S., reaching the Gulf Coast region. The combination of widespread freezing temperatures, strong winds and extensive precipitation exceeded forecasters’ expectations.

It’s Cyber Security 101: Multi-factor authentication and hard-to-crack passwords are table stakes for preventing incursions. Nevertheless, ‘Password,’ ‘12345’, and ‘Qwerty123’ are among the most commonly found passwords leaked on the dark web by hackers, according to mobile security firm Lookout

Situational variables have an effect on the degree of seriousness of these unexpected events, which causes management to try to find means and methods of stopping their occurrences or minimizing their negative impact on the organization.

The cost-of-living crisis poses the biggest worldwide risk in 2023, according to findings in the World Economic Forum’s Global Risks Report 2023. Two years from now, experts expect the cost of living will still be the number one risk on the global agenda.

Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday.

While seemingly cliché, the saying ‘everyone is a risk manager’ is simple but absolute. An organization is run by its people and their knowledge in managing risk is a key component to strategic business planning and success.

On July 26, Brandon Jones’s St. Louis home was hit by major flooding for the second time since 2008, when he moved in. Cars were barely visible under several feet of turgid storm water, as record rainfall fell on the city.

The insurance industry is forecast to move to an underwriting loss in 2022 after four years of slim underwriting profits as personal lines loss trends, particularly in auto and homeowners, weigh upon comparatively better commercial market performance, according to a panel speaking Thursday in New York at the Insurance Information Institute’s Joint Industry Forum.