Regulators grounding the Boeing 737 Max until the root cause of the plane’s operational failure could be identified is an imperative lesson in risk management at large.
Tariffs, opposition from the fossil fuel industry and the vulnerability of supply chains for rare earth elements are all concerns for the renewable energy industry.
The cyber threat is big, growing fast. That’s the scary news. The good news is cyber insurance is taking off with most stand-alone policies paying out.
Technology has impacted business in good and bad ways. But it looks like the bad is starting to outweigh the good as tech advancements undermine goods and services.
Consumers are increasingly interested in eating organic and understanding the path of their food. One technology making advanced supply chain tracking a reality is blockchain.
The manufacturing industry has unique cyber exposures, and this risk manager knows it’s important to stay on top of the sector’s rapidly changing use of technology.
From traditional risks like safety and oil volatility to emerging exposures like climate change litigation, here are the top risks facing the sector today.
Michael Calhoun, Managing Director, Aon Constriction in the aerospace sector was a common theme this year. “Major carriers have left,” said one director of insurance. “We had a very difficult time this year, trying to get a renewal with 65 percent of the previous market capacity left out there. Michael was able to go to… View Article
Andy Bullock, Senior Vice President, Marsh When the owner of an oft-delayed project lost its owner-controlled insurance program, the project faced further delays and ballooned insurance costs. The owner gave Marsh’s Andy Bullock 45 days to bind $100 million of general liability limits covering all the project’s contractors and eight years of completed operations coverage… View Article
Ken Banks, Area Senior Vice President, Gallagher Ken Banks has acted as Melissa Diaz’s colleague, competitor and broker over the last 12 years. When she signed on as risk services manager for the University of San Francisco, she said the transition was easy: Banks was already the university’s insurance broker. “He does more than act… View Article
Amanda Lania, Account Manager, Beecher Carlson “We have had the privilege of watching Amanda’s career as she has truly developed as an insurance broker,” said a risk manager of Beecher Carlson’s Amanda Lania. “Recently, we were putting together — at the 11th hour, of course — an extensive request-for-proposal bid response. Amanda, without blinking, jumped… View Article
James Bennett, Vice President, Aon “In the second half of this year, we had many changes. [We] spun-off one business segment into its own public entity,” said one risk manager.“ Then, just a few weeks later, we were purchased by a major global corporation. “To meet all contractual requirements, we had to develop and obtain… View Article
Shane Hogan, Senior Vice President, Aon When you win an RFP to handle the insurance work for one of the largest insurance companies in the world, you know you’re doing something right. Aon’s Shane Hogan is doing more than a few things right. For the major insurer, he was able to lower its Total Cost… View Article
Wesley Bryan, Senior Vice President, Marsh Marsh Wortham’s Wesley Bryan doesn’t just know the insurance business, he knows the insured’s businesses. “Wesley knows our business, our philosophy and our needs intimately,” said one client. “This level of understanding and commitment to our account ensures that we get the right solution first time and in no… View Article
Sollie Bartoe, Area Senior Vice President, Gallagher When Baptist Memorial Health Care Corp. merged last year with a health care system, its master group medical practice liability policy was ready for the new physicians. That’s because of Gallagher’s Sollie Barto. Under Baptist’s prior structure, claims could pit doctor against employer, said Rodney Betts, VP, finance…. View Article