Captives

Analysis

Should SMBs use captive insurers to manage risk?

Paul Tamburri and Josh Watney | May 11, 2018

Here's what insurance agents and brokers should know about captives and the small and midsize business market.

Analysis

Using proxy exposure units to measure commercial auto risk

Dheeraj Pandey | April 20, 2018

The use of data analytics is both necessary and inevitable for implementing successful lines of commercial auto insurance.

News

NU's Risk manager choice awards: Who's talking?

Shawn Moynihan | April 19, 2018

Chalkboard: Here is a breakdown of the types of organizations surveyed about the 'top' P&C carriers. [infographic]

News

Risk Management Hall of Fame announces newest inductee

Jayleen R. Heft | April 16, 2018

RIMS and AIG have announced Berry Griffin, Jr. — the force behind the industry's first Cost of Risk Survey — as the 2018 inductee into the Risk Management Hall of Fame.

News

In a shared economy, who should bear the risks that come with it?

Denny Jacob | April 10, 2018

The sharing economy model requires a different approach to risk management based on understanding the behavioral economics of consumer preferences and attitudes during risk.

News

AIG's Brian Duperreault offers perspective on Q4 losses

Sonali Basak | February 13, 2018

Brian Duperreault picked a tough year to shore up AIG's underwriting.

News

The changing face of operational power

Honorio Campos | November 09, 2017

Renewable energy sources are gaining in popularity but there are concerns and risks of outages that have to be managed.

News

Buffett streak of 'free' insurance money seen ending at 14 years

Noah Buhayar | November 01, 2017

Berkshire is likely to report big claims costs during the third quarter at its insurance subsidiaries because of natural disasters including Hurricanes Harvey and Irma.

News

Who’s using what in P&C insurance: Oct. 30, 2017

PropertyCasualty360 | October 30, 2017

Technology news from Pioneer State Mutual and Duck Creek, Dryden Mutual, CallVU, The Hanover and Insurity, Applied Systems, All Risks, Ltd., and Intellect Design Arena Ltd.

News

10 things your clients need to know about wildfires

Christine G. Barlow, CPCU, Danielle Ling | October 17, 2017

A new disaster compendium offers important information for agents and brokers to share with their clients about wildfires.

News

Gulf of Mexico oil spill may be largest since BP disaster

Nico Grant | October 16, 2017

An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plcs Macondo well that sank the Deepwater Horizon rig.

News

The high price of protecting Arctic towns from tsunamis and icebergs

Adam Popescu | October 09, 2017

On the morning of June 17, an Arctic tsunami ravaged Uummannaq and neighboring Nuugaatsiaq. Evidence suggest a climate-induced disaster in which a mountain landslide created 270-foot waves.

News

Day 6 in storm-ravaged, blacked-out Puerto Rico: 'This is chaos'

Jonathan Levin, Naureen S. Malik, Bloomberg | September 25, 2017

The destruction that Maria exacted on Puerto Ricos fragile electricity system when it slammed ashore as a Category 4 storm is unprecedented not just for the island but for all of the U.S.

News

Battered islands in crosshairs as Hurricane Maria speeds up

Simone Foxman, Michael Sasso, Ezra Fieser | September 18, 2017

For the third time this month, a hurricane is spinning toward the already battered Caribbean and gathering strength along the way.

News

Trump vows `100 percent' backing for Florida Irma recovery

Toluse Olorunnipa | September 14, 2017

President Donald Trump traveled to Florida Thursday to tour damage caused by Hurricane Irma.

News

Windblown: How hurricane force winds impact HVAC systems

Matt Livingston | September 14, 2017

Damage from flying debris and excessive wind is often repairable

News

Munich Re says storms may erase profit, threaten 2017 target

Katherine Chiglinsky | September 13, 2017

Munich Re, the worlds largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the companys ability to meet its full-year earnings target.

News

Here's how hurricanes impact cemeteries

Karen L. Sorrell, CPCU | September 05, 2017

Climatic disasters can wreak havoc on the normally pristine and serene grounds of a well-kept cemetery.

News

How businesses can minimize the impact of Harvey’s service interruptions

Robert W. O'Brien | September 01, 2017

Extensive flooding is likely to hamper repair and recovery efforts, making long-term interruptions likely for many businesses. Heres how businesses can limit the effect on operations and the bottom line.

News

Harvey could reshape how and where Americans build their homes

Christopher Flavelle | August 30, 2017

Contributing to Harvey's high losses is the fact that Texas has one of the most relaxed approaches to building codes, inspections and other protections.

News

Texas' No. 1 homeowners’ insurer responds to Harvey, offers tips

Elana Ashanti Jefferson | August 30, 2017

In addition to maintaining a robust social media presence, State Farm offered these policyholder tips for navigating the Hurricane Harvey restoration and repair process.

News

Texas Insurance Dept. encourages leniency for insureds in Harvey's wake

Christine G. Barlow, CPCU, Rosalie L. Donlon | August 29, 2017

The Texas Department of Insurance issued several bulletins recently, providing guidance to insurance carriers on what is and isn't allowed after a natural disaster like Hurricane Harvey.

News

Texas' troubles are just starting as Harvey weakens, stalls

Brian K. Sullivan, Jen Skerritt, Bloomberg | August 26, 2017

In addition to its economic impact, Harvey prompted thousands of residents along the Texas coast to flee their homes and caused Governor Greg Abbott to declare an emergency.

News

18 emerging risks for the insurance industry, its customers and society at large

Jayleen R. Heft | June 29, 2017

Insights into emerging risks and how they can best be tackled.

What qualifies a human factors expert?

Emily Faith, JD | June 15, 2017

When a premises liability case calls for scientific expertise, you need an expert witness with the right qualifications.

Market Insights

Using a captive insurance company to manage risk

Jeff Kenneson | June 15, 2017

More states are welcoming captive insurance companies. Before using one, here are some things you need to know.

News

This insurance company is secure in its tech innovation strategy

Elana Ashanti Jefferson | May 23, 2017

Here's a look at how one incumbent insurer is going about the business of modernization.

News

Is using a captive the right move for your organization?

Steven Lonergan | May 05, 2017

The adoption of captive insurance arrangements is on the rise but ambiguity and controversy has kept some business owners and their advisers at bay.

News

Rising flood insurance costs a growing burden to N.Y. City communities and homeowners [Report]

Victoria Prussen Spears, Esq., Associate Director FC&S Legal | April 07, 2017

New York City communities, hard hit by Superstorm Sandy in 2012, face high costs for flood insurance, affecting the communities' resiliency.

Market Insights

NU's Risk Manager Compensation Survey 2017: How do you rank?

Shawn Moynihan | April 07, 2017

National Underwriter P&C's annual Risk Manager Compensation Survey, reflects the responses of hundreds of risk-mitigation professionals.

News

5 reasons why auto accidents are on the rise

Denny Jacob | March 02, 2017

This was the first time since 2007 that more than 40,000 people died in motor vehicle crashes in a single year, according to the National Safety Council.

News

The economics of a New York City blizzard, at $1.8 million an inch

Polly Mosendz | February 09, 2017

Clearing a city the size of New York doesn't come cheap.

Market Insights

Fuel spills and the ensuing blitz

Peter J. Crosa, Catina Lemke | February 08, 2017

15 questions for qualifying environmental contractors.

News

4 tips for packing the right tools for a claim

Scott Petlewski | January 19, 2017

Dont get caught unprepared for the unexpected.

News

New Zealand earthquake seen costing insurers up to $3.7 billion

Matthew Brockett, Katherine Chiglinsky | November 18, 2016

The earthquake that struck New Zealand this week could cost the insurance industry as much as $3.7 billion, according to catastrophe modeler AIR Worldwide.

News

Massive earthquake in New Zealand causes extensive damage

Matthew Brockett | November 13, 2016

A 7.5 magnitude quake rocked New Zealand early Monday, killing at east two people, causing widespread damage, and closing schools and businesses around the country.

News

5 things to know about wineries and wildfire claims

Larry Chasin | November 04, 2016

An increase in California wildfires threatens the state's $114 billion wine industry.

News

FBI to take lead investigating deadly East Hartford plane crash

Chris Strohm, Alan Levin | October 12, 2016

The FBI has taken over the probe into a deadly plane crash near the Hartford-Brainard Airport in Connecticut after investigators determined it appeared to be deliberate, rather than the result of an accident.

News

15 fascinating characteristics and habits of American drivers

Jayleen R. Heft | September 19, 2016

In order to offer valuable, personalized customer service, it's important for auto insurance agents to understand drivers, their insurance needs and driving habits.

News

Hedge fund inroads weaken reinsurers’ catastrophe defenses

Oliver Suess, Jan-Henrik Förster | August 23, 2016

It wont take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes.

News

Global insured losses reach $31 billion for first half of 2016

Patricia L. Harman | August 18, 2016

Earthquakes, thunderstorms and wildfires lead catastrophes.

News

U.S. taps supercomputer to help predict dangerous flooding

Brian K. Sullivan | August 16, 2016

The new tool will let forecasters target potentially life and property threatening downpours street by street, giving people more time to get out of harms way.

News

Pilot errors led to fatal Taiwan TransAsia crash, probe finds

Lena Lee | June 30, 2016

The TransAsia plane that crashed in Taipei last year went down after its pilots failed to take the right actions following a series of contributing factors including an engine fault, investigators found.

News

15 fireworks safety tips to prevent injuries and property damage

Jayleen R. Heft | June 29, 2016

Fireworks are illegal in many locations. Now is a good time to remind your clients that most Homeowners' policies exclude home damage resulting from illegal acts.

News

Wildfires burn across the Western U.S. triggering evacuations [photos]

Jayleen R. Heft | June 17, 2016

Firefighters are trying to contain a growing wildfire in coastal Southern California and a larger blaze in rural New Mexico as hot weather and wind feed flames that triggered hundreds of evacuations.

Market Insights

6.8 million homes at risk for hurricane storm surge

Patricia Harman | June 07, 2016

States along the Atlantic and Gulf coasts have the most homes in danger zones.

News

14 things you need to know about commercial drones and insurance

Jayleen R. Heft | April 28, 2016

Will your company or clients be exposed to potential liability from drones? How can insurance protect them?

News

Risk managers rank their top-rated carriers

Shawn Moynihan | April 12, 2016

The insurers listed represent the first choices of those who must ensure that all their insurance needs are met.

Market Insights

Risk Healer: Novartis risk manager Jennifer Santiago

Shawn Moynihan | April 11, 2016

As she assumes a new role at pharmaceutical company Novartis, Jennifer Santiago reflects on a career spent humanizing the business of managing risk.

News

Forensic restoration claims: What you don’t know could kill you

Patricia L. Harman | April 05, 2016

The business of cleaning up after death requires special training and care.