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Mobile technology devices are a combination of hardware, operating systems, networking and software and have been employed by various insurers to do everything from information access to booking new business.
C-suite executives expect risk managers to better explain risks and solutions and become more involved and integrated in daily activities, according to a recent survey.
With more businesses operating globally and environmental restrictions tightening, environmental-coverage gaps could leave risk managers vulnerable, Aon executives say.
An emerging discipline—strategic risk management (SRM)—was defined and recognized by the Risk and Insurance Management Society at its annual conference here.
Recent commercial-lines reports point to a slowing of the prolonged soft market, but experts are hesitant to declare the onset of a hard market or even to guess whether the price stabilization will last.
Whether State Farm captive agents will continue to be allowed to service flood-insurance policies currently placed through them will be on the agenda when the full House Financial Services Committee takes up legislation reauthorizing the National Flood Insurance Program (NFIP).
Storms that spawned deadly tornadoes in the South from April 19 to April 27 are expected to cause between $2 billion and $5 billion in insured losses, according to modeling firm EQECAT.
Insurers need to step-up their compliance knowledge of sanctions if they want to avoid a fate similar to HHC Insurance Holdings, which paid a fine of over $38,000 for insuring aircraft used in Iran.
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