AmTrust Battles Impacts Of Opioid Crisis On Workers’ Comp

Despite increased attention from the media and government, the opioid crisis continues to plague the United States, and in turn has implications for workers’ compensation insurance.
August 26, 2019 Risk Management Workers' Compensation

When NOT To Have Earthquake Insurance

Combine modern building codes with huge deductibles before a policy kicks in, and the odds are probably in your favor without insurance.
August 23, 2019 Property Risk Management California

Everything You Need To Know About Ransomware

Ransomware is a piece of red-hot cyber jargon. Perhaps you heard about it when doing your office cybersecurity training, or maybe you read about it in the news.
August 21, 2019 Risk Management Technology

Change: ‘Gradually, Then Suddenly’

The phrase “gradually, then suddenly” comes from Ernest Hemingway’s 1926 novel “The Sun Also Rises,” when Mike Campbell is asked how he went bankrupt. “Two ways,” he answers. “Gradually, then suddenly.”
August 19, 2019 Education & Training Risk Management Technology

Perspective: The Illogic Of Reputational Risk

RIMS 2019 is behind us. Monte Carlo, its nominally more sophisticated and more business-like cousin, looms. These twin schmoozefests dominate the insurance year — at a cost.
August 14, 2019 Education & Training Risk Management

The Best Boost To Customer Experience

For policy holders, the claims process can be incredibly frustrating — and it is easy to see why. Having your claim approved is one thing, but then actually getting the money owed often proves to be another monster task in and of itself.
August 8, 2019 Risk Management Technology

The Exciting, New Ways Technology Is Streamlining The Claims Management Process

Technology is a tool, like fire or gin. It can be used for good or for ill. Most workers on a construction site or in a warehouse are willing to wear a sensor if it will keep them from getting run over by a forklift or knocked off a ledge by a crane.
August 7, 2019 Catastrophe Fraud Property Risk Management Technology

Astronomic Claims: The Business Of Space Risk Management

Satellite insurance blasted into the spotlight when a European Vega rocket failed about two minutes after lift-off from a base in French Guiana, destroying a United Arab Emirates military observation satellite in the process.
August 6, 2019 Excess & Surplus Lines Risk Management

The Future Of Home Maintenance

Like your health, your pets or your car, your home requires regular maintenance to keep it running smoothly and working properly. Homes that are well-maintained are safer, require fewer costly repairs and retain more of their value.
August 5, 2019 Property Risk Management

Human Nature Reason Everyone Isn’t Fighting Climate Change

I’ll make a prediction, which is a hallmark of science: I do not think that anything substantial will happen to combat the effects of climate change for the next 10 to 20 years, because that is how long it will take for the public to care.
August 5, 2019 Catastrophe Risk Management

Jaw-Dropping Settlements Becoming The Norm In Retail Slip And Fall Claims

Jurors in Leon County, Florida, recently awarded nearly $2 million to Stephanie Jenkins, aged 47, who suffered serious injuries after slipping and falling inside a USA Grocers in Tallahassee.
August 1, 2019 Liability Litigation Risk Management

To Launch A Successful Claims Closure Initiative, The Key Is Changing Company Culture

Claims closure projects aren’t a simple matter, but they’re well worth the effort. By closing claims that are 20-30 years old, companies are often able to settle for less than the case reserve and save on any future incurred but not reported (IBNR) costs associated with a particular case.
July 30, 2019 Risk Management Workers' Compensation

The Time To Prepare Is Now, With One Hurricane Down And More To Come

Hurricane Barry has come and gone, and while the first hurricane to make landfall in the US this season didn’t wreak as much havoc as expected, there are still other storms slated to appear in the summer and fall.
July 24, 2019 Catastrophe Property Risk Management

5 Things People Get Wrong About Medical Marijuana In Workers’ Comp

There’s been lots of talk about medical marijuana as a safe alternative to opioids for the treatment of chronic pain, a common diagnosis among workers’ compensation patients.
July 23, 2019 Risk Management Workers' Compensation

How Dutch Stormwater Management Could Mitigate Damage From Hurricanes

Recent hurricane seasons have been vicious, last year’s killed more than a hundred people and inflicted more than $50 billion dollars in damages. The country is still deep in recovery and this year’s storm season is already underway.
July 22, 2019 Catastrophe Education & Training Property Risk Management
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