Joann Balous of Travelers discusses the evolving role of CFOs in the insurance industry, their increasing involvement in risk management decisions, and the impact of macroeconomic factors on their strategies.
New York Court of Appeals clarifies the operation of the rebuttable presumption in workplace assault cases under the state’s workers’ compensation law.
Despite navigating geopolitical conflicts and climate risks, the global marine industry saw a record low number of large vessel losses in 2023, according to the Allianz Safety and Shipping Review 2024.
“We work closely with our clients to assess their risks and implement loss prevention measures, such as improving building resilience and developing comprehensive business continuity plans. By taking a proactive approach to risk management, we aim to minimize the impact of natural catastrophes on our clients’ operations and bottom line.”
The NAIC’s national call for policy and claim is intended to help regulators address a growing crisis in property insurance, but some states are opting out of full participation in an effort to attract new capacity.