Risk Aggregation A ‘Key Concern’ As Wildfire Severity Rises

Imagine 74 of the 75 largest cities in the United States going up in flames over the course of a few months. The loss would be astronomical.
October 10, 2019 Property Risk Management Arizona California Colorado Idaho Montana

Using High-Resolution Data For Flood Risk

More than 200 million people and two-thirds of the 48 contiguous states are at risk from flooding, according to Edward Clark, director of the U.S. National Water Center. This demonstrates the major threat that flooding poses to the reinsurance industry in the U.S
October 10, 2019 Property Risk Management

PG&E Taking Extreme Measures To Manage Wildfire Risk

California’s largest utility, Pacific Gas & Electric (PG&E) cut off power to parts of 22 counties in northern California Wednesday. Roughly 500,000 customers have been affected by the outage, and numerous schools have cancelled classes.
October 10, 2019 Catastrophe Property Risk Management California

Claims Adjuster Noncompete Valid: Appeals Court

A noncompete agreement involving stock options for a claims adjuster who changed firms is enforceable, a federal appeals court ruled.
October 3, 2019 Risk Management

4 Ways Claims Professionals Must Adapt To The Digital Insurance Revolution

The digital revolution underway in the insurance industry is affecting nearly every facet of insurance, and claims handling and management is no exception.
October 2, 2019 Risk Management Technology

Swiss Re, Allianz & Zurich Commit To Net Zero Emissions By 2050


Re/insurance giants Swiss Re, Allianz and Zurich are among a group 12 global companies that have committed to transitioning their investment portfolios to net zero greenhouse gas emissions.
September 27, 2019 Risk Management

Drones Make Headway In Cutting Claims Costs; Challenges Remain

Drone technology can significantly reduce claims processing costs, but barriers remain to universal adoption by insurers and claims adjusters, a panel of experts said.
September 26, 2019 Legislation & Regulation Risk Management Technology

It’s Termination Time; Send In The Clown

A man in New Zealand, called into a meeting where he knew he would be getting fired, used an unusual tactic for the event. He hired a professional clown to sit in on the meeting with him.
September 25, 2019 Risk Management Weird Workers' Compensation

Time To Police Social Media As Workplace Risk?

Twenty-nine percent of employees surveyed agree their companies should regulate political expression on social media and 27% think their company should have a political expression policy, according to results released Wednesday by Clutch.
September 20, 2019 Risk Management

Risk Management 2025: What Will The Industry Look Like In Just A Few Short Years

A talent shortage, diversity initiatives and the disconnect between education and practical skills are predicted to have a large impact on the industry.
September 20, 2019 Education & Training Risk Management

Risk Managers Want To Stop Drive-By Lawsuits

“Drive-by” lawsuits are a growing risk for small business owners. As the name suggests, these suits are brought by plaintiffs who quite literally drive by storefronts, taking note of potential ADA violations like lack of a wheelchair-accessible ramp or too-narrow doorways, and sue the establishment without ever setting foot inside.
September 17, 2019 Litigation Risk Management

This Is What Happens When A Risk Manager Goes On Vacation

While on assignment in Paris in 2018, I made an appointment at Lloyd’s of London and decided to take the Eurostar train through the “Chunnel” to London.
September 13, 2019 Risk Management

Adjusters Beware The Potential Risks Of Illicit Drug Residue

As we continue to face a national opioid crisis, insurance adjusters need to keep their safety top of mind during the inspection of a drug-related claim.
September 12, 2019 Education & Training Property Risk Management

Insurance Industry Savings: Distributed Ledger Technology Apps And Blockchain

New research examined the way a consortium-based blockchain approach using distributed ledger technology (D.L.T.) applications could save the insurance industry millions every year.
August 30, 2019 Auto Risk Management Technology

7 Insurance Giants Say Social Responsibility Is On Par With Shareholder Value

Joining dozens of CEOs of America’s biggest businesses, these insurance industry leaders acknowledged they are beholden to their communities more than their shareholders.
August 29, 2019 Education & Training Risk Management
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