Mutuals and captives seem to be the insurance approaches that are still providing useful cover to coal-burning power plants. That being said, there is no rush to replace capacity that is leaving the market.
Shutting down production for even a few hours for maintenance can have a tremendous impact on profits, which is why predictive analytics can help catch a potential problem before it arises.
According to a report by The Hanover, small business owners view property damage as largest threat during the next five years. But are they overlooking cyber?
At St. Joseph’s University, future risk management professionals tried their hands at developing Insurtech solutions that could lower quotes and make the underwriting process more efficient.
Insurance pricing is up. Stepping to the plate is AXA XL’s Joe Tocco, who has a lot to say about the role of brokers and underwriters in navigating shifting markets.
1,680 of the nation’s high-hazard dams are in risky condition. When they break they endanger people, interrupt businesses and cause massive property damage.
Just because commercial insurance pricing is increasing doesn’t mean you can’t have a great renewal. And remember, the price of insurance is just one piece of the risk management puzzle.
Long a fixture in property brokering at Marsh, Duncan Ellis makes the move to AIG to be part of a revamped underwriting approach at the venerable carrier.
Trying to forestall wildfire damage, PG&E willingly shut down service to customers. More of this, not less, is on the way, which makes business resiliency planning all the more important.
The new U.S. tax laws limit the percentage of a loss that insurers can write down for tax purposes. That’s one of four key factors that is leading to a hard market for commercial property insurance.
Here are some key indicators, provided by award winning risk managers, that you can use as benchmarks to determine if your commercial insurance broker is doing a good job.
Cat 5 Hurricane Irma rolled through the Florida Keys in 2017 and battered Aquasol Condominium Association. In court, Aquasol’s condo owners sought repairs.
A ‘city-killer’ asteroid surprised scientists when it got uncomfortably close to Earth this July, with more giant asteroids set to pass the planet before summer’s end.
Conditions in the senior living insurance market have changed over the last 18 to 24 months and most dramatically over the last 6 months. The moment is now to invest time and/or resources in your organization’s insurance procurement process.
In the first six months of 2019, it has already been a challenging year for commercial insurance. Here’s what lines will likely be impacted moving forward.