In founding Archipelago, Hemant Shah sought to better empower “sellers of risk” so that when they dialogue with underwriters, they can present a clearer picture of their assets’ values and exposures.
For the savvy risk professional, the one charged with great power to protect construction workers and the bottom line, becoming a mitigation hero is more than a necessity — it’s a responsibility.
Speaker JD Keister outlines the liability traps set by time-limit demands, and what attorneys and claims professionals can do to minimize their exposure.
AI isn’t just being used by the good guys. As cybercriminals incorporate AI tools into their arsenals, organizations must ramp up their mitigation and response plans.
As this year’s RIMS Harry & Dorothy Goodell Award recipient, Eamonn Cunningham keeps in mind how far he’s come and what he is still meant to do within risk to help the profession thrive.
Thirty years ago, single mother Jeanette Ward needed a job. Enter Texas Mutual, where today she fills the role of CEO. Ward reflects on her career in insurance and how to pave a path forward to welcome new recruits to the industry.
We always advise our clients to be vigilant, even in low-risk countries. Never assume everything is okay, and take the same care and attention wherever you’re traveling.
Extreme weather has had a significant impact on claims and the insurance industry in recent years. Robbie Arnold explains what insurers — and policyholders — can do to handle it.
Businesses should know that when an employee participates in online behavior that leads to other employees feeling harassed or bullied, there is an insurance policy to manage such claims and provide resources to mitigate ongoing exposures.
The 2024 Class of Rising Stars is here, and its graduating members are showing what it means to be a Power Broker during times of change and unpredictability.
Generative AI has enabled people to create images and content faster than ever before. Employers must remain vigilant should an employee choose to create nefarious and harassing content of their coworkers.
“Weather-related risks on the property side are a significant concern for risk managers and various industries. Leading experts, such as Colorado State University, forecast a very active hurricane season of at least 23 named storms and five major hurricanes, which is well above average.”
“Companies must ensure they provide reasonable accommodation if using AI in recruiting. They should avoid screening out potentially good candidates based on the questions asked. It’s crucial to examine who defines what a good applicant is and ensure that definition is unbiased.”
“Cyber is a huge topic in our industry and the world these days. Even Warren Buffett recently mentioned it as one of his ongoing fears in managing his businesses, especially his insurance business.”
Generative AI is notorious for producing what are being referred to as “hallucinations” — that is, producing language and citing information that it has essentially made up. That’s why it’s always going to be important to have veteran managers reviewing the work that generative AI produces.
“While we still conduct traditional assessments, such as scanning internet-facing systems to identify vulnerabilities, we take it a step further by applying AI models to truly understand the risk. There’s a common misunderstanding in the market that security scans and scores are the same as risk ratings, but there’s a significant difference.”