As more is understood about the aftereffects of COVID-19, here are some of the ways the pandemic has already started to change how organizations conduct business.
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Climate change is generating powerful storms, excess flooding and billions in damages. These are the risks insurers need to keep an eye on as temperatures increase.
From traditional risks like safety and oil volatility to emerging exposures like climate change litigation, here are the top risks facing the sector today.
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
Paula Bennett, Managing Director, Marsh Paula Bennett’s approach to client service is to partner with the client, conduct the necessary research to fully understand their business, and then become an extension of their team, acting with a sense of urgency to get to optimal outcome. “Paula quickly pulled a strong syndicate of insurance carriers to… 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
Ken Banks, Area Senior Vice President, Gallagher Ken Banks has acted as Melissa Diaz’s colleague, competitor and broker for 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
Martyn Clark, Executive Director, Aon Four Seasons is among the hotel sector’s best-known names, but isn’t actually a hotel owner. Instead, the company manages owners’ assets and its group insurance policy. Four Seasons suffered a $300 million claim from last January’s California mudslides. Securing attractive terms for the 2018 renewal was a challenge for Martyn… 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