-
By Dave Lenckus |
May 15, 2012
Insight from the nation’s first chief information officer on how to cost-efficiently innovate by turning to cloud computing; an update on a new agency/carrier system-connectivity processes that will eliminate the need for insurer-specific passwords; and ideas on how to utilize various social media sites effectively as part of your marketing...
-
By Dave Lenckus |
May 3, 2012
While many midsize businesses are now enjoying the same advantages Fortune 1000 companies have found in maintaining captive domiciles, a captive is not an appropriate self-insurance tool for every company.
-
By Dave Lenckus |
May 3, 2012
Despite their recent growth among midsize companies, these “small”-size risk vehicles aren’t for everyone—and may attract unwanted attention from the IRS
-
By Dave Lenckus |
March 12, 2012
One old-time financing method could give budget-squeezed governmental agencies needed capital flexibility to immediately pay for infrastructure repairs—but the surety industry, contractors and lenders would have to modify their business models first.
-
By Dave Lenckus |
March 12, 2012
Many small and midsize contractors don’t consult their surety-bond underwriters soon enough after running into trouble that could trigger a bond—an event that threatens a contractor’s ability to remain in business.
-
By Dave Lenckus |
March 8, 2012
Those who manage and underwrite risks for manufacturers are facing familiar risks with some challenging new twists.
-
By Dave Lenckus |
March 8, 2012
The National Council on Compensation Insurance Inc. (NCCI) reports that medical services now represent 60 percent of Workers’ Comp claim costs. In the past, indemnity costs made up the biggest part of the Workers’ Comp claim.
-
By Dave Lenckus |
March 8, 2012
Kennametal Inc., a Fortune 1000 company that manufactures metal-product solutions for various industries, was not materially affected by the catastrophe in Japan, nor would a catastrophe elsewhere around the globe likely impair its operations extensively, says Michael Murphy, the company’s manager of global P&C insurance.
-
By Dave Lenckus |
March 8, 2012
Any company involved in food production saw its Product Recall risk greatly magnified last year with the enactment of the U.S. Food Safety Modernization Act (FSMA), says Louis Lubrano, New York-based senior vice president of global crisis management for Liberty International Underwriters (LIU).
-
By Dave Lenckus |
March 8, 2012
Last year served as a wake-up call for manufacturers on the fragility of their supply chains. Catastrophes in 2011—including massive floods in Thailand that disrupted electronic- and auto-parts manufacturers—caused record totals of $105 billion of insured losses and $380 billion of total economic damages worldwide, according to Munich Reinsurance America.
