Amazon’s Business Model Is Wreaking Havoc Across The Insurance Industry

Amazon hit their highest selling numbers ever during this year’s Cyber Monday sales. Between Thanksgiving and Monday, December 2, the company reached a mighty, yet vague, quota of “hundreds of millions” of packages.
December 4, 2019 Auto Liability Risk Management Workers' Compensation

BEC: Attacks On Email Systems Are Rising

Companies have increasingly turned to the cloud for their email solution. Cybercriminals or attackers have watched this trend and are finding ways to access email hosted in the cloud, which is known in the security community as a Business Email Compromise (BEC).
November 26, 2019 Education & Training Risk Management Technology

How Speed Has Changed The Game For Risk Managers

It doesn’t take long for comments that would be negatively received by the populace to go viral and that’s one of the newest challenges for risk managers and business leaders.
November 25, 2019 Risk Management

How Machine Learning And AI Reduce Risk

Risk management is integral to insurance, but it’s traditionally been an inexact science. Thanks to recent technological advances, however, risk management is about to get a long overdue upgrade.
November 22, 2019 Risk Management Technology

Climate Change Said To Imperil 60% Of Superfund Sites

At least 60 percent of U.S. Superfund sites are in areas vulnerable to flooding or other worsening disasters of climate change, and the Trump administration’s reluctance to directly acknowledge global warming is deterring efforts to safeguard them, a congressional watchdog agency says.
November 20, 2019 Legislation & Regulation Risk Management

Dealing With An Inside Threat: Risky Employee Behavior

While businesses are often aware of external threats perpetrated by cybercriminals looking to make a quick buck or competitors that want to play dirty, many forget that internal threats also pose a great risk to the safety and security of the organization and its personnel.
November 13, 2019 Risk Management

Lessons Learned After Hard CAT Years: Certain Claims Attract Public Adjusters

It has been quite the turbulent ride for catastrophe insurance providers in the past few years. The US has suffered a series of devastating hurricanes, kicking off on August 25, 2017, when Hurricane Harvey made landfall in Texas as a Category 4 storm.
November 12, 2019 Catastrophe Property Risk Management

Attribution Science Is Empowering Lawyers To Turn Climate Change Into The Next Asbestos Liability

The work of a Norwegian geography academic is finally bearing fruit. Richard Heede spent a decade trying to determine whether he could pin down to what degree individual companies contributed to climate change.
November 5, 2019 Liability Litigation Risk Management

‘Not Our Mission’: Private Fire Crews Protect The Insured, Not The Public

The engines, big and small, came from all over the country to fight the Kincade fire in the Sonoma county wine region of California. There were trucks from Nevada, South Dakota, Colorado — and from the wildfire protection unit of home insurer AIG.
November 4, 2019 Property Risk Management California

Gen Z Gets It: Prospective Insurance Employees Pushing Industry On Climate Change

A petition from young people preparing to enter a career in insurance is calling on US insurers to end their underwriting and investments in coal and other fossil fuels. The petition was started by Schuyler Holder, a senior at the University of North Texas and a member of Gamma Iota Sigma, a national insurance fraternity.
October 23, 2019 Education & Training Risk Management

Smart Home Devices And Privacy Risk

Internet-connected products have become enmeshed in many aspects of daily life, both at home and in the workplace. According to the consumer trends research firm Park Associates, 36% of homes with a broadband internet connection have a smart speaker, and 8% have a video doorbell, with another quarter of respondents saying that they plan to buy a video doorbell in the future.
October 18, 2019 Liability Risk Management

AXIS Capital To Limit Underwriting, Investments In Fossil Fuels

AXIS Capital Holdings Limited has announced a new policy addressing underwriting and investments related to thermal coal and oil sands.
October 17, 2019 Risk Management

Destination AI For Insurance Underwriting

It’s almost inevitable: Spend your working life identifying, analysing, quantifying and ascribing monetary value to risk, and you’re likely to have a fairly strong aversion to it.

October 15, 2019 Risk Management Technology

How Climate Change Is Increasing Rates

A growing number of policymakers, advocates and experts predict that extreme weather may lead to higher costs for home and flood insurance. Some analysts are even predicting that the effects of climate change may make home insurance and flood insurance unaffordable for many Americans.
October 15, 2019 Property Risk Management

9 Ways Risk Management And Insurance Is Addressing The Talent Gap

Risk management and the insurance industry have been around for hundreds of years in some capacity or another. As a thriving industry, insurance offers many avenues for young professionals to explore as they grow in their careers.
October 14, 2019 Education & Training Risk Management
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