The Talent Crisis — And Opportunity

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.
September 15, 2021 Education & Training Risk Management

Growing Number Of Uninsurable Risks

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.
September 14, 2021 Risk Management

Insurance Industry Response To Climate Change

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.
September 7, 2021 Catastrophe Risk Management

Using Technology To Assess Commercial Property Risks

Advances in digital aerial imagery, satellites, LIDAR and drones are providing a more detailed understanding of commercial property risks than ever before.
September 3, 2021 Risk Management Technology

Hurricane Ida And Business Interruption Claims: The COVID Variant Will Only Magnify Delays And Increase Losses

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.
September 3, 2021 Property Risk Management

Insurance Industry Taking A Close Look At Limiting Climate Change Exposure

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.
August 30, 2021 Risk Management

Managing Talent Risks In A Tightening Labor Market

If job numbers are any indicator, many industries in the United States are starting to recover from the pandemic.
August 24, 2021 Risk Management

Why Workers Are Quitting Over Return To The Office

If there’s one thing we know about a global pandemic … what we thought we knew, we actually didn’t.
August 17, 2021 Risk Management

Technology To Massively Reshape Risk Control

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.
August 16, 2021 Risk Management Technology

Swiss Re Estimates Global Insurance Premiums Reach $7 Trillion in 2022

Good news: The world economy is on the path to a strong recovery following the COVID-19 crisis.
August 2, 2021 Risk Management

Alberta’s Severe Drought Expected to Cost $1B in Crop Payouts

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.
July 27, 2021 Risk Management

As Nat Cat Losses Mount, a Resilience Mindset Matters More Than Ever

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.
July 23, 2021 Catastrophe Legislation & Regulation Risk Management

Root Cause of the Surfside Condo Collapse: Failed Risk Management

Last month, a 12-story condominium in Surfside, Florida collapsed, killing dozens of people. It will take years to determine the cause.
July 20, 2021 Risk Management Florida

ESG Mandates March into Anti-Bribery and Corruption Policies; What That Means for the Long-Term

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.
July 15, 2021 Legislation & Regulation Risk Management

Old Equipment Causing New Problems for Insurers

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.
July 1, 2021 Excess & Surplus Lines Risk Management
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