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Game Of Thrones May Have Something To Teach Us About Risk Management

Each episode of HBO’s “Game of Thrones” opens with warnings of graphic adult material, violence, sexual content and nudity. If these items are not sufficient encouragement to view the full eight seasons, the 73 episodes also offer lessons about risk.
January 10, 2020 Education & Training Risk Management

The Hartford Limits Coverage For Energy Companies, Cites Climate Change

The Hartford Financial Services Group Inc., citing rising worries about climate change, is limiting its insurance coverage of companies in the fossil fuel business.
January 7, 2020 Excess & Surplus Lines Risk Management

How A Reputational Risk Snowball Turns Into An Avalanche

Like the mountain climber who got stuck in the avalanche, reputational risk is often an area of risk management where trouble isn’t spotted until it’s already too late.
December 12, 2019 Risk Management

Revealed - Huge Total Of US Insurance M&A Deals In Q3

The US insurance industry posted M&A deals worth a total of $4.17 billion in the third quarter, according to data and analytics company GlobalData. That’s a 51.2% increase over Q2 and a 34.2% increase compared with the last four-quarter average of $3.11 billion.
December 11, 2019 Risk Management

The Latest Technology To Mitigate Property Risks

For years, organizations have employed remote sensing technologies that obtain information about objects or areas from a distance—typically from aircraft or satellites—to assess impacts from natural disasters like hurricanes. But today, thanks to a convergence of factors, including a dramatic drop in remote sensing costs, greater availability of more detailed and abundant data, and advances in artificial intelligence, the technology is increasingly being used to mitigate property risks.
December 6, 2019 Property Risk Management Technology

Reputation In The Age Of Social Media

Victoria Robinson, head of marketing & communications at the Institute of Risk Management, discusses the importance for businesses to protect reputations as regulations and the social climate evolve.
December 5, 2019 Risk Management

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
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