A recent survey by PwC found that nearly two-thirds of employees in the U.S., including executives, are looking for a new job. That number is stunning.
A few weeks ago, I saw a LinkedIn post from Dr. Robert Hartwig that discussed his testimony to one of the U.S. Senate’s subcommittees about the uninsurability of business income from the COVID-19 pandemic.
Those familiar with the insurance industry will know that it can sometimes be resistant to change. For example, the insurance business was slower to adapt to the digital arena than some other industries. But the rising insurance-related costs associated with climate change have gotten underwriters’ attention.
Advances in digital aerial imagery, satellites, LIDAR and drones are providing a more detailed understanding of commercial property risks than ever before.
On the 16th anniversary of Hurricane Katrina, the state of Louisiana faced off against a similarly fearsome enemy as Hurricane Ida made landfall on August 29 as a CAT 4.
The insurance industry is taking the threats from climate change increasingly seriously and as a part of its efforts to limit exposure, it is moving away from fossil fuels that pose the highest risk.
The risk control profession has massively changed of the past 50 years, and is set to change even more in the near future, according to an industry white paper by the risk management business of insurance giant Sompo.
Crop insurance payouts in Alberta will likely reach about $1 billion later this year due to hot, dry weather that is contributing to severe drought conditions, Alberta’s Minister of Agriculture and Forestry said Thursday.
Insurance is essential for individuals, businesses, and communities to recover quickly from natural catastrophes ‑ but perils have evolved to a point at which risk transfer, though necessary, isn’t enough to ensure resilience.
Kroll recently released its 2021 Anti-Bribery and Corruption Report, surveying hundreds of senior compliance and risk professionals globally on the anti-bribery and corruption (ABC) landscape, and among the most striking findings were that 70% of respondents indicated that environmental, social and governance (ESG) should be included in ABC programs.
Insurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in wind and solar.