Highlighting News, Trends and Best Practices in Risk Management and Property & Casualty Insurance

Active Shooter: understanding your risk and the impact to your business

Posted by Matt Hene on Apr 5, 2018 8:30:32 AM

It’s safe to say that most companies underestimate how susceptible they are to workplace violence and an active shooter and threat scenario. While there are some industries that are more prone to incidences, workplace violence is a threat to all work environments. It is in the best interest of all business owners, board of directors, leaders and managers within each organization to assess the exposure, communicate and educate your workforce, and manage the risk to protect your assets and financial interest.

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Topics: Risk Management, claim, hurricane, losses, insurance premiums, mitigate risk, active shooter, workplace violence

Commercial Property & Casualty Picking Up and Dusting Itself Off After An Unprecedented 2017, Leaving Scars for 2018

Posted by Matt Hene on Mar 27, 2018 11:49:43 AM

The commercial insurance industry is comprised of a complex blend of risk assessment, prevention, and circumstances that are many times left in the hands of Mother Nature.  Underwriters and insureds go to great lengths to ensure that every preventive measure and precaution is taken to mitigate the risk, but all the best practices, experience and prevention could not control the detriment that Mother Nature would cause in 2017.  Now, in 2018, the insurance industry is trying to pick itself up and dust off after suffering from a $23.5 billion industry loss last year after $52.9 billion of catastrophic claims were filed. 2 To say that these figures will impact 2018 would certainly be an understatement.

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Topics: Risk Management, claim, hurricane, losses, auto, insurance premiums, auto costs, catastrophic, mitigate risk, storm damage

Full Costs of the 2017 Hurricane Season Still Climbing

Posted by Frank Eldridge on Oct 9, 2017 2:49:33 PM

Written by Frank Eldridge and Matt Hene

In recent weeks, three major hurricanes have made landfall in the Caribbean and the continental United States. Hurricanes Harvey, Maria and Irma left widespread damage throughout the Caribbean and Puerto Rico, as well as, the East and Gulf coasts of the United States. While many in the affected areas have had power and water services restored, others are still without these vital services. While these storms have proven to be costly, businesses that have insurance coverage are experiencing a slow and tedious claims process. 

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Topics: claim, hurricane, losses