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Risk Management 2025: What Will The Industry Look Like In Just A Few Short Years

A talent shortage, diversity initiatives and the disconnect between education and practical skills are predicted to have a large impact on the industry.
September 20, 2019 Education & Training Risk Management

Risk Managers Want To Stop Drive-By Lawsuits

“Drive-by” lawsuits are a growing risk for small business owners. As the name suggests, these suits are brought by plaintiffs who quite literally drive by storefronts, taking note of potential ADA violations like lack of a wheelchair-accessible ramp or too-narrow doorways, and sue the establishment without ever setting foot inside.
September 17, 2019 Litigation Risk Management

This Is What Happens When A Risk Manager Goes On Vacation

While on assignment in Paris in 2018, I made an appointment at Lloyd’s of London and decided to take the Eurostar train through the “Chunnel” to London.
September 13, 2019 Risk Management

Adjusters Beware The Potential Risks Of Illicit Drug Residue

As we continue to face a national opioid crisis, insurance adjusters need to keep their safety top of mind during the inspection of a drug-related claim.
September 12, 2019 Education & Training Property Risk Management

Insurance Industry Savings: Distributed Ledger Technology Apps And Blockchain

New research examined the way a consortium-based blockchain approach using distributed ledger technology (D.L.T.) applications could save the insurance industry millions every year.
August 30, 2019 Auto Risk Management Technology

7 Insurance Giants Say Social Responsibility Is On Par With Shareholder Value

Joining dozens of CEOs of America’s biggest businesses, these insurance industry leaders acknowledged they are beholden to their communities more than their shareholders.
August 29, 2019 Education & Training Risk Management

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
Omega Forensic Engineering, IncMid-America Catastrophe ServicesKelmar GlobalHancock Claims Consultants