The cyber threat is big, growing fast. That’s the scary news. The good news is cyber insurance is taking off with most stand-alone policies paying out.
Technology has impacted business in good and bad ways. But it looks like the bad is starting to outweigh the good as tech advancements undermine goods and services.
European insurers have taken measures to withhold the backing of coal mines and other ventures that contribute to global warming. U.S.-based insurers have been less than outspoken on the topic.
The manufacturing industry has unique cyber exposures, and this risk manager knows it’s important to stay on top of the sector’s rapidly changing use of technology.
A little gray squirrel scampered onto the equipment of an electrical substation and caused an electric arc worth $200,000 in damages. But the insurance policy did not cover such an event.
From traditional risks like safety and oil volatility to emerging exposures like climate change litigation, here are the top risks facing the sector today.
The rapid pace of change in homebuilding presents unique underwriting challenges, but close partnerships with contractors and an emphasis on loss control helps fill the coverage need.
External auditors supposedly arrive after the battle is over and bayonet the wounded. But what are they really meant to be doing when they carry out an annual audit?