Security Company Partners With State Farm to Boost Homeowners’ Risk Mitigation

State Farm recently announced that it has invested $1.2 billion into the ADT Inc security company, for approximately 15 percent equity and a move to support new home insurance advancements. The partnership between the two companies allows the insurer to imagine new forms of coverage.
September 9, 2022 Property Risk Management Technology

Jackson, Mississippi Flooding Highlights FEMA Flood Map Deficiencies

Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, FEMA Director Deanne Criswell said. Those risks are in focus after flooding in Jackson, Mississippi, overwhelmed the city’s main water treatment plant a week ago, leaving more than 150,000 state-capital region residents without safe water.
September 6, 2022 Catastrophe Legislation & Regulation Risk Management

Hey, Insurance Baby Boomer Planning to Retire: How About Joining the Fight Against Climate Change Instead?

This is a call to action. It’s time for baby boomers to shake off the feeling that we have done our work and now it’s time to relax. Whether you’ve been aware of it or not, our generation’s collective lifestyle is causing our planet to be unlivable.
September 6, 2022 Risk Management

Bamboozled By A Scammer, One Title Company Is On The Hook For Wire Fraud

When new homeowners close on a house, there is a need for the home’s title to switch to their names. Title agencies, such as ABL Title Insurance Agency, tend to have professional liability insurance policies to protect them in the event something is amiss.
August 23, 2022 Fraud Risk Management

Marijuana Legalization And Workers Comp Risk

On May 25, Rhode Island became the 19th U.S. state to legalize recreational marijuana. Earlier this year, Mississippi passed legislation to allow for medical marijuana use, bringing the total number of states that have authorized ­medical cannabis to 37. The continued push to legalize marijuana is no surprise.
August 17, 2022 Risk Management Workers' Compensation Rhode Island

12 Questions For The Institutes’ Pete Miller

In December of 2019, The Institutes, a nonprofit insurance industry thought leadership and education organization, closed on its acquisition of Risk & Insurance.
August 12, 2022 Education & Training Insurance Industry Risk Management

Does Absence Makes the Heart Grow Fonder?

Have you heard that old saying, ‘Absence makes the heart grow fonder’? It definitely makes my heart go pitter-patter. I absolutely love supporting leaders and solving the nuisances in the absence and disability management space. Conversely, ask any people leader, and I’m sure that you will get a mixed bag of emotions because this is a challenging area to navigate.
August 9, 2022 Education & Training Risk Management Workers' Compensation

Leave Of Absence And Workplace Accommodations

If you are reading this article, chances are you are familiar with Leave of Absence and Workplace Accommodations. However, you still have some questions, right?
August 5, 2022 Legislation & Regulation Risk Management

Do We Really Need Email? Did We Ever?

The human accomplishments that happened before the widespread use of email are numerous. To name just a few: Pizza was invented. Mozart wrote symphonies. People built spacecraft, flew them to the moon and walked on the lunar surface.
July 21, 2022 Fraud Risk Management

How Open Source Can Combat Climate Change

I’ve spent my entire career trying to develop and improve catastrophe and weather-related models and analytics. So, from a personal perspective, if there’s one thought among many others that I would like to get across, it’s a sense of the opportunity to enhance decisions linked to climate risk mitigation and resilience if we use our ever-improving scientific understanding and modeling capabilities wisely.

And I think there’s one thing that holds an important key to unlock that opportunity – openness. When I talk about openness, I don’t mean a willingness from governments and others to set out and stick to commitments to reduce emissions – although that would be rather helpful, of course. I’m referring to two things, actually.
July 6, 2022 Catastrophe Risk Management

More Eyes In The Sky For Wildfire Season

Dan Nuñez pulls up a video feed on his computer. ‘Can you see that?’ he asks, pointing to some rolling, foggy hills in rural Oregon. The footage was captured seven minutes before Nuñez opened up his browser. Barely perceptible on the screen is a rising plume of smoke.
June 30, 2022 Risk Management Technology California

Mass Shootings And Your Workplace: Know The Signs Of A Looming Threat And Understand Mitigation Techniques

As of this writing in mid-June, the number of mass shootings that the U.S experienced in 2022 sits at 233. That number will surely grow before this piece is edited and published.
June 22, 2022 Risk Management

Disaster Preparedness For Remote Workers

As employees continue to work from home in either a full-time capacity or hybrid model, companies need to consider the rising risk of natural disasters. When employees are expected to be productive from home, how are they to manage the demands of the ‘office’ after their property is severely damaged and their lives are disrupted?
June 21, 2022 Catastrophe Risk Management

Climate-Driven Flooding Poses Well Water Contamination Risks

After a record-setting Midwestern rainstorm that damaged thousands of homes and businesses, Stefanie Johnson’s farmhouse in Blandinsville, Illinois, didn’t have safe drinking water for nearly two months.
June 13, 2022 Risk Management

Machine Learning Catching On In Insurance, But Challenges Remain

Emerging tools such as artificial intelligence and natural language processing are being used in the insurance sector, but costs remain high and there are questions about bias being introduced into machine learning, according to a speaker at the Public Risk Management Association’s annual meeting Monday.
June 8, 2022 Risk Management Technology
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