With rising inflation and interest rates, geopolitical tensions, climate change uncertainty, and growing competition, U.S. insurance carriers face several challenges to delivering consistent, high-quality insurance services and products to the marketplace.

The latest Insurance Information Institute (Triple-I) research indicates that between 2013 and 2022, economic and social inflation fueled a $96 to $105 billion increase in combined claim payouts for U.S. personal and commercial auto insurer liability.

While on-field activities get the attention, an army of professionals works behind the scenes to conduct the business of sports. Whether the sport is football, soccer, basketball or even eSports, all have one thing in common — they require insurance.

As part of its attack on the risk crisis, Triple-I recently participated in a project led by the National Institute of Building Sciences (NIBS) to develop a roadmap for mitigation investment incentives.

The next big thing in construction is 3D-printed structures. There are already 3D-printed houses, offices, public buildings, and other structures around the world with notable 3D-printed projects in China, Europe, and the U.S.

Data is at the core of risk management, and the National Association of Insurance Commissioners (NAIC) is seeking to identify gaps in the data state regulators collect from insurers -- particularly with respect to understanding insurance availability and affordability.

The ability to work remotely used to be considered a luxury: a valuable perk that many employees desired, but that most didn’t have. Times have changed, and we now live in a remote work world.

It’s a tale as old as 2021: millions of employees across the United States are quitting their jobs each month, whether to pursue remote work, to capitalize on higher wages offered in response to shrinking applicant pools, in an attempt to finally turn their passion into a career, or simply to retire.

The best claim is the one that never happens. That’s what the team behind the Predict & Prevent podcast believes. But to truly predict and prevent a claim requires a deviation from the traditional ‘detect and repair’ mentality of risk management.

JoAnn Pickel, director of operations at Pacesetter Claims Service, started in the insurance industry after her husband landed an underwriter job with State Farm. In short order, they had a claims position open.

When determining whether insurance coverage exists for a claim, a crucial consideration is whether the claim involves an event or occurrence that took place in a state other than where the relevant policy was delivered. This is often the case for large companies with national operations or markets.

If risk managers were better integrated into ESG-related marketing and communications strategic planning, Bud Light might have been America’s top selling beer for a 23rd year straight. Instead, it surrendered that perch to Modelo in a self-induced reputation crisis.

The rapid and unpredictable pace of change in the risk landscape presents risk management and insurance with one of its biggest challenges: How can we transfer risk if we cannot reliably quantify it?

There are countless factors that go into emerging liability risk assessment. But at a high level, a systemic event typically has followed this track...

And while achieving an absolute zero claims status is impossible, moving to a reality where insurers, risk managers and policyholders work together to reduce the probability of loss is the goal of many predict-and-prevent risk management programs.