Public Sector Risk

Risk managers from both the public and private sectors pull back the curtain on their third-party administrators and discuss why these vendors remain a great fit.

The Midwest received no reprieve from the intense May storm season this weekend, as Oklahoma City and St. Louis were pummeled by tornadoes, flooding and straight-line winds on Friday.

Catastrophe modeler Eqecat says it has finalized a multi-year agreement to be a part of competitor Risk Management Solutions open, cloud-based platform, RMS(one).

The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat.

As news reports question the lack of shelters in Oklahoma, insurance experts say that Tornado Alley residents are more prepared than ever to handle tornado damage.

Under the proposal, the states current 2,000 registered gun owners and all future buyers would have to take out a $250,000 policy covering damage from any gun use, even willful and illegal acts.