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A recent study released by Verisk and APCIA shows how strained the P&C insurance landscape is today. But among the challenges, experts still see wins for the industry.
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.
Property exposures increase along the coast even as insurers become wary of taking on coastal risk.
After a lighthouse renovation project burns, its developer looks to its insurers for help, only to be met with denials and disputes.
Despite significant losses related to the COVID-19 pandemic, the P&C market remains solvent and stable.
Underwriting homeowners associations can be challenging at times, but the rewards far outweigh any risk for PHLY’s Nicole Reed.
A recent study found that the San Andreas fault has a 1 in 87 probability of producing a major quake within the next year.
Preparation and action that takes place now can help businesses become more efficient, effective and resilient to natural catastrophes and similar crises in the future.
Collisions with insurance company legacy systems is just one reason why the use of artificial intelligence in property underwriting has not advanced as far as some would like.
The impending hurricane season is expected to be very active. Risk managers already busy fighting COVID-19 will have to redouble their efforts.
This year’s index gives CFO’s a glimpse into their position for recovery post-pandemic.
The financial pressure on risk managers and businesses to address flooding risk in the wake of climate change is mounting. Here are a few ways to start.
Coronavirus is causing massive disruptions and losses to businesses. Here’s where insurance may help.