How Will AI Impact the Insurance Industry?
April 25, 2024
“Generative AI value-creation opportunities abound across the insurance value chain,” according to a new report by Deloitte.
Surety Bonds: The Other Risk Management Tool
April 11, 2024
Surety premiums are only about one percent of property/casualty premiums ($769.3 billion in 2022), but sureties play a critical role in our economy.
What to Do About the Rapidly Expanding Crime of Cargo Theft
March 21, 2024
Documented strategic cargo theft events increased 430% year-over-year in 2023, according to CargoNet, a cargo industry publication.
Nation’s Guardrails Can’t Handle Heavier EV Vehicles
March 7, 2024
The growing number of electric vehicles on the road that weigh 20 to 50 percent more than gasoline powered vehicles has engineers at Nebraska’s Midwest Roadside Safety Facility and the Army Corps of Engineers concerned. The extra weight, due to the batteries they carry, means that existing highway guardrails may not be effective at stopping these vehicles.
Allianz Risk Barometer Says Cyber and BI Biggest Worries
February 22, 2024
Extreme weather events, fires and explosions, geopolitical risks, ransomware attacks and the Covid-19 pandemic have all tested global supply chains in recent years.
New Survey Says Firms Not as Well Prepared to Handle Risk as They Think
February 8, 2024
According to a just released survey by an international brokerage and financial services firm, many organizations are unjustifiably confident of their risk management strategy.
Insuring Against Dishonesty in the Workplace
January 25, 2024
According to a study by Embroker, 75% of employees admit to stealing at least once from their employer. The study also reports that internal theft can cost U.S. businesses up to $50 billion a year.
What is Enterprise Risk Management?
January 11, 2024
Enterprise risk management (ERM) is a methodology that looks at risk management strategically from the perspective of the entire firm or organization.
Social and Economic Inflation Drive Up Auto Liability Claims
December 14, 2023
Combined U.S. personal and commercial auto insurer liability claim payouts were $96 billion to $105 billion higher between 2013 and 2022.
More Rate Reductions Expected for Professional Liability Coverages
November 30, 2023
It looks like the soft markets that started last year for Management Liability (ML) and Professional Liability (PL) insurance will continue to soften over the second half of 2023.