Not only did Eric Gardzina and his team valiantly respond to the challenges of the pandemic, but they also spent the last year creating their own risk retention group.
On-board sensors, telematics and wearables present ample opportunity for carriers and their insureds to collect and put to good use loss-prevention data. However, the Holy Grail in this endeavor is sharing that data in a transparent, collaborative way.
Alternate risk transfer vehicles are getting more attention these days in workers’ compensation, given how much the pandemic pressured some business models.
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.