Corporate Risk

Ranking

10 most common agribusiness insurance claims

Jayleen R. Heft | May 21, 2018

To help educate us about costly trends, Nationwide has released its 2017 most common commercial agribusiness claims.

News

N.Y. construction company schemed $1.8M from workers, investigation finds

Denny Jacob | May 18, 2018

Six individuals have been arrested and charged with several counts of grand larceny, scheme to defraud and insurance fraud.

News

Train today's young workers to thrive for tomorrow's job market

Denny Jacob | May 17, 2018

As youth workers enter the workforce for the first time, employers must consider that for many this may be their first job.

News

Cybersecurity, InsurTech regulation poised to define 2018

Denny Jacob | May 17, 2018

Regulation is often cited as the most significant hurdle to innovation in the insurance industry.

News

Severe April storms resulted in $2 billion hit to U.S. economy

Victoria Prussen Spears | May 17, 2018

Public and private insurers are expected to pay at least $1.5 billion in claims as a result of April's severe weather.

News

Electric-car era threatens firefighters with new risks

Alan Levin | May 15, 2018

Fires on electric vehicles are rare, but the volatile chemistry of their batteries raises new safety questions.

News

Iran oil exports face insurance snag

Alex Longley | May 15, 2018

U.S. sanctions will likely prevent covering the global tanker fleet against risks if they’re moving oil to or from Iran.

News

Piece by piece: The state of affairs in the construction industry

Denny Jacob | May 14, 2018

The industry hasn't changed too much, but the biggest challenge is finding skilled labor due to a number of factors.

Research

Most small business owners feel they don't have adequate insurance

Victoria Prussen Spears | May 14, 2018

The top three concerns of small business owners include data breaches, loss of employees and business interruption.

Analysis

N.Y. regulator fines insurers, broker over NRA-branded gun owner liability policies

MP McQueen | May 11, 2018

The 'Carry Guard' insurance policies were brokered by Lockton and issued by Chubb and Illinois Union Insurance Co.

News

Axa's IPO flop shows investor dismay at insurer's strategy

Fabio Benedetti-Valentini, Alex Barinka and Katherine Chiglinsky | May 10, 2018

The sale of part of its U.S. operations raised almost $1 billion less than the company had hoped for.

News

We can’t fix all the new vulnerabilities, so let’s fix the system

Matthew Honea | May 08, 2018

Companies need to establish programs that work. Otherwise, they are simply asking to leak their important vulnerability information to dark places.

News

7 ways to secure yourself and your office when working from home

Sage Singleton | May 08, 2018

If you work from home — whether you’re a small-business owner or a freelancer — you know it’s crucial to keep your home office secure.

Research

Top 5 mobile device threats & how to prevent them

Michael Ogden | May 02, 2018

Some obvious and not-so-obvious steps to take to stay secure on mobile devices.

News

Key takeaways from Marsh's 'The Internet of Everything' report

Denny Jacob | May 01, 2018

The latest report from Marsh notes that the rise of IoT devices is changing the cyber risk landscape — and not necessarily for the better.

Best Practices

5 tips for tackling the risk of embezzlement

Tamara L. Hajjar, CFE | May 01, 2018

Embezzlement can affect any kind of organization of any size. Here are five things you can do to protect your business.

Expert Opinion

'Petya' will make you 'WannaCry' if your company’s data is compromised

Simon White | April 30, 2018

Cyber insurance is an effective way to manage the risk of cyberattack, but it’s surprisingly underused.

News

Huge fines await companies unaware of GDPR's broad scope

Eric Lidman | April 26, 2018

Failure to comply with Europe's new data protection laws exposes U.S. companies to potentially catastrophic expenses.

Market Insights

Increasing underwriting challenges in D&O insurance

James B. Auden, CFA | April 26, 2018

Although representing about 1% of the insurance market, D&O liability insurance claims can cost a company millions of dollars.

Expert Opinion

Shooting frauds: A workers’ comp risk for insurers

Dennis Jay | April 25, 2018

Some employees are willing to endure serious pain to collect undeserved workers’ compensation payments.

Expert Opinion

Think before you email

Louie Castoria | April 24, 2018

Messages sent on your company’s network could be evidence of professional liability, harassment or discrimination.

News

Top 15 writers of ‘other liability’ insurance for 2017, as ranked by NAIC

Rosalie Donlon | April 24, 2018

Here’s a look at the top 15 writers of other liability insurance by direct premiums written, as reported by NAIC.

News

3 tips carriers should know when it comes to customer retention

Denny Jacob | April 24, 2018

Customers will always be the lifeblood of the insurance industry, and so carriers must find new and innovative ways to keep them around for the long haul.

News

Allergan agrees to settlement in alleged defective Lap-Band case

Denny Jacob | April 23, 2018

The company concealed defects by misrepresenting the cause of leaky ports to the FDA, the public, and health care providers.

Case Study

Insurer lost subrogation right after letting insured sign general release

Steven A. Meyerowitz | April 23, 2018

A tetraplegic was struck by a vehicle, settled the claim and then filed an uninsured motorist claim against the same insurer

News

Don't eat romaine lettuce, U.S. says, as E. coli outbreak widens

Craig Giammona and Megan Durisin | April 20, 2018

The outbreak has sickened 53 people in 16 states, including 31 who were hospitalized, according to the agency. The CDC said five victims have developed kidney failure.

News

Violent winds, flying debris: What happens when a plane ruptures

Alan Levin and Ryan Beene | April 20, 2018

There will no doubt be P&C insurance claims following this week's Southwest Airlines' passenger fatality. Liability, commercial business and worker's comp claims along with debates over causation and fault are sure to arise.

News

Key takeaways from Aon Risk Solution's Terrorism and Political Violence Risk Map

Denny Jacob | April 20, 2018

Drawn on insights from their partners, The Risk Advisory Group and Continuum Economics, the maps and their underlying analysis address some of the most pressing issues in the crisis management space.

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

Class action targets CIBA Insurance as 'Ponzi scheme'

Greg Land | April 19, 2018

A putative class action filed in federal court accuses California-based CIBA Insurance of operating as an illegal 'Ponzi scheme' in collaboration with a number of insurance company partners, including co-defendant Great Lakes Insurance SE.

News

Southwest jet engine blows out in flight, killing one passenger

Alan Levin and Thomas Black | April 17, 2018

One passenger was killed when an engine blew out on a Southwest jetliner carrying 148 people, marking the first fatality on a U.S.-registered airline in more than nine years.

News

3 key takeaways from Morgan Stanley's 2017 Reserve Analysis

Denny Jacob | April 17, 2018

As we near the halfway point of 2018, it's important to look back at the previous year and see how the insurance industry is doing financially.

News

Risk management's top honors help launch RIMS 2018

PC360 Staff | April 16, 2018

Here are the cream of the crop among the thousands of risk management and insurance professionals gathered in San Antonio for the RIMS 2018.

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

Salmonella outbreak forces recall of 207 million eggs

Megan Durisin | April 16, 2018

The recall is equivalent to about 90 days production at the farm, which produces 2.3 million eggs a day.

News

RIMS/Marsh survey: Risk management isn't keeping up with technology risks

Denny Jacob | April 16, 2018

Overall, survey respondents did not feel that they have enough knowledge about these disruptive technologies to contribute to discussions about them at a "strategic advisor" level.

Analysis

Staying sharp: Cutting through new restaurant workplace injury trends

John Logan | April 16, 2018

According to Marsh’s 2017 Restaurant Loss Cost Trends Report, nearly one-quarter (24%) of all restaurant workers’ compensation claims in 2016 were from cuts, punctures and scrapes.

News

How businesses can prepare for active shooters

Kathleen M. Bonczyk, Esq. | April 16, 2018

Personal and business stresses are just some of the triggers for business-related shootings. Recognizing the signs early can be the difference between life and death.

Case Study

Law firm softball game injury not work-related, judge rules

Tom McParland | April 12, 2018

An employer does not have to pay a paralegal's workers' compensation claims for an injury he suffered while rounding the bases during a softball game played by employees, a Delaware Superior Court judge has ruled.

News

5 tips to prevent and mitigate the effects of identity theft

Denny Jacob | April 12, 2018

Data breaches have become more common, and as a result, consumers are left to wonder how much of their sensitive information has been exposed.

Best Practices

What happens if the natural disaster never comes?

Michael Brown | April 11, 2018

A business can still suffer monetary damage when forced to close shop to comply with orders from civil authorities.

Analysis

Who pays the claims costs if the natural disaster never comes?

Michael Brown | April 11, 2018

A business can still suffer monetary damage when forced to close shop to comply with orders from civil authorities.

Best Practices

D&O policy elements, exclusions risk managers need to know

Karen Sorrell | April 11, 2018

Decentralized, fragmented policy responsibilities and exposures can complicate a company's D&O risk management efforts.

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

How do you rank? NU's 2018 Risk Manager Compensation Survey

Shawn Moynihan | April 09, 2018

Find out how your salary and total comp compete with those of your risk-mitigation peers.

News

Liability questions loom in Delta vendor data breach

Gabrielle Orum Hernández | April 06, 2018

In the event of a third-party breach, multinational corporations such as Delta potentially face breach notification requirements in multiple states.

Editor's Letter

Risky business: Keeping employees safe in a world of emerging threats

Patricia L. Harman | April 06, 2018

Training and preparation are key risk management strategies in today’s business environment.

Managing risk at the happiest place on Earth

Patricia L. Harman | April 04, 2018

At twice the size of Manhattan, Walt Disney World faces many of the same risks as a large city. It's how they manage those risks that makes them unique.

News

The winners are in! NU's 2018 Risk Manager Choice Awards

Shawn Moynihan | April 03, 2018

Risk-mitigation professionals name the "top" commercial carriers vital to their work.

News

Understanding the relationship between workers' comp and SSDI

Denny Jacob | April 03, 2018

Injured workers may be entitled to benefits under their state's workers' compensation program, Social Security Disability Insurance, or both. Here's what you need to understand about how they work together.