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A variety of factors, including COVID-19 losses, Nat CATS and social inflation, are driving rate increases.
A flawed approach to reporting property values leads to big losses for an insured.
Hurricane Ida made landfall in Louisiana on August 29, leaving hundreds of thousands of the state’s residents with property damage and no power.
Increasing destruction driven by climate change is yet one more reason multinationals need to ensure property programs are airtight.
Better data analytics is enabling a number of new parametric insurance solutions from a product to cover losses caused by an active assailant to ways to manage supply chain risk.
For a low frequency, high severity peril like earthquake, businesses need to know their risk management plans before a single pebble falls out of place.
If a Thai restaurant in a rural village in England requires 12 or more cameras to monitor guests, what sort of culture are we building anyway?
Extreme weather conditions — from fluctuating temperatures, to increases in severe storms and hurricanes — all continue to have a lasting impact on businesses worldwide.
Property and inventory owners that are situated well inland may very much be at risk during a hurricane. Superstorm Sandy proved that.
COVID-19 has brought forth an influx of business interruption claims as companies shutdown by the pandemic seek retribution. But the courts must determine if actual physical loss has occurred.
AIR Worldwide has updated its hurricane and wildfire models to get more granular insight on long-term climate risk.
A vacant building need not be a liability. With proper risk management, losses can be lessened.
After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.
From COVID-19 to hurricane season, property owners felt the strains of 2020. Liberty Mutual’s Gregg Cunningham and Ed Mazman share what we can glean from the lessons learned this year.
The frightening superlative given to fires that reach one million acres burned could become part of the risk lexicon as wildfires get larger.
No matter who wins on November 3, a disaster-weary country will need all the help it can get to stop the tide of mounting losses and uncertainty. Preparing now for the likelihood of post-election uncertainty can help.
How much has the property market changed in just six months since the onset of the pandemic?
One restaurant attempts to recoup lost profit through its insurer after road construction disrupts its day-to-day operations.
Businesses are preparing for protests to turn destructive, while the property insurance market braces for even tougher times.
Thanks to state-mandated shutdowns, the show must not go on. To combat COVID losses, one theater operator has turned to its insurer.