One of the essential concepts in risk management is risk velocity, or the time between exposure to a risk and its impact on an organization. Technological advancement has accelerated the speed of business, which also means risks may affect and spread within a business quicker.

The Caldor Fire, burning in eastern California and western Nevada, became the second incident to take wildfire behavior in a direction never recorded before 2021: Across the Sierra Nevada Mountains.

When evaluating corporate risks today, employers cannot afford to overlook their employees’ social media activities. Social media can not only introduce reputation risks but cybersecurity concerns as well.

In a recent notice to the industry the Federal Insurance Office (‘FIO’) set forth a series of requests to both life and property/casualty insurers for information as to the impact of climate change on both their insurance risks and asset valuations affecting their solvency.

The potential impact from climate change on natural catastrophe P&C insurance and reinsurance claims is the biggest fear of investors in the sector polled by equity analysts at Bank of America.

The global COVID-19 pandemic has spurred a tidal wave of people quitting their jobs in what’s being called ‘the Great Resignation.’ What can employers do to combat this wave of resignations?

A recent survey by PwC found that nearly two-thirds of employees in the U.S., including executives, are looking for a new job. That number is stunning.

A few weeks ago, I saw a LinkedIn post from Dr. Robert Hartwig that discussed his testimony to one of the U.S. Senate’s subcommittees about the uninsurability of business income from the COVID-19 pandemic.

Those familiar with the insurance industry will know that it can sometimes be resistant to change. For example, the insurance business was slower to adapt to the digital arena than some other industries. But the rising insurance-related costs associated with climate change have gotten underwriters’ attention.

Advances in digital aerial imagery, satellites, LIDAR and drones are providing a more detailed understanding of commercial property risks than ever before.

On the 16th anniversary of Hurricane Katrina, the state of Louisiana faced off against a similarly fearsome enemy as Hurricane Ida made landfall on August 29 as a CAT 4.

The insurance industry is taking the threats from climate change increasingly seriously and as a part of its efforts to limit exposure, it is moving away from fossil fuels that pose the highest risk.

If job numbers are any indicator, many industries in the United States are starting to recover from the pandemic.

If there’s one thing we know about a global pandemic … what we thought we knew, we actually didn’t.

The risk control profession has massively changed of the past 50 years, and is set to change even more in the near future, according to an industry white paper by the risk management business of insurance giant Sompo.