Diversity and inclusion (D&I) plays a critical role in business resilience, according to new research from Dive In, the global D&I festival for the insurance industry.

The crucial role that insurance plays in the resilience of societies, communities and countries has become clearer than ever during the COVID-19 pandemic.

Following several years of acquiring various insurance brands, American Family Insurance is consolidating all its claims departments into one — resulting in an undisclosed number of cut positions.

Wood building (including stick-build, tall timber, and mass timber) is increasing in prevalence and complexity, both in commercial and residential markets. With this boom comes a variety of claims, ranging from builder’s risk to construction defect, workers’ compensation to subcontractor default.

Nursing homes and managed care facilities across the country have been coronavirus hot spots, accounting for hundreds of thousands of cases. Often filled with elderly patients with underlying health conditions living in close quarters, these facilities have been a perfect breeding ground for the virus.

The economic fallout of the COVID-19 crisis has been an unprecedented challenge for the insurance industry, with its devastating effect on numerous businesses causing a surge in business interruptions.

COVID-19 has forced many people to work from home. In many ways, this has reduced some risks - for example fewer people will be a victim of theft or burglary, and household damage such as burst pipes and leaking appliances will be reduced, which can hold the highest cost to home insurers.

In recent years, awareness of climate risks has risen, with numerous studies illustrating the detrimental impacts of climate change on the natural environment and human society.

It seems that just about everybody under 35 has a side hustle nowadays, and many over 40 do too.

The Demex Group, an insurtech focused on climate resilience, has announced that it has raised $4.2 million in seed funding from investors Anthemis and IA Capital Group.

As the COVID-19 pandemic amplifies the acceleration of digital business models, Lloyd’s has expressed concern that intangible assets might become a major blind spot for businesses not factoring them into their risk models.

The cost of claims has been at the heart of Total Cost of Risk (TCOR) since even before the inception of risk management as a separate function. The sheer magnitude of losses, insurable or not, defines so much of what risk managers focus on and tends to be what they report on most often, as well.

Biases fall into two general categories: our biases and the biases of others. Biases in our actions or perception tend to occur unconsciously. It is interesting to note that people tend to believe that their own perceptions reflect reality, and if others tend to see things differently (disagree with our position or thinking), then they must be biased.

Global property & casualty insurer Chubb recently conducted a survey of American workers to see how they’re faring while working remotely due to the COVID-19 pandemic.

Flood disruptions could cause a business’s stock to drop significantly over the succeeding 12 months, reflecting investors’ shaken confidence in the company’s managerial decision-making, according to a new study commissioned by FM Global.