Gen Z Gets It: Prospective Insurance Employees Pushing Industry On Climate Change
A petition from young people preparing to enter a career in insurance is calling on US insurers to end their underwriting and investments in coal and other fossil fuels. The petition was started by Schuyler Holder, a senior at the University of North Texas and a member of Gamma Iota Sigma, a national insurance fraternity.
October 23, 2019
Education & Training
Risk Management
Smart Home Devices And Privacy Risk
Internet-connected products have become enmeshed in many aspects of daily life, both at home and in the workplace. According to the consumer trends research firm Park Associates, 36% of homes with a broadband internet connection have a smart speaker, and 8% have a video doorbell, with another quarter of respondents saying that they plan to buy a video doorbell in the future.
October 18, 2019
Liability
Risk Management
AXIS Capital To Limit Underwriting, Investments In Fossil Fuels
AXIS Capital Holdings Limited has announced a new policy addressing underwriting and investments related to thermal coal and oil sands.
October 17, 2019
Risk Management
Destination AI For Insurance Underwriting
Its almost inevitable: Spend your working life identifying, analysing, quantifying and ascribing monetary value to risk, and youre likely to have a fairly strong aversion to it.
October 15, 2019
Risk Management
Technology
How Climate Change Is Increasing Rates
A growing number of policymakers, advocates and experts predict that extreme weather may lead to higher costs for home and flood insurance. Some analysts are even predicting that the effects of climate change may make home insurance and flood insurance unaffordable for many Americans.
October 15, 2019
Property
Risk Management
9 Ways Risk Management And Insurance Is Addressing The Talent Gap
Risk management and the insurance industry have been around for hundreds of years in some capacity or another. As a thriving industry, insurance offers many avenues for young professionals to explore as they grow in their careers.
October 14, 2019
Education & Training
Risk Management
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
Californias 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.
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
Its 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



