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

State of the Property and Casualty Market - Q2 2018

Posted by Matt Hene on Jul 17, 2018 4:01:43 PM

As we enter into the second half of 2018, the state of the Property & Casualty (P&C) market looks strong with multiple sources of opportunity on the horizon.  One thing is certain, after the catastrophic damage from 2017, underwriters are taking a more in-depth look into potential risks. Brokers with a “client-first” mentality are setting themselves apart from the competition by working intensely with their clients to put policies into place that mitigate risks and keep premiums as low as possible.

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Topics: insurance premiums, property and casualty, multi-family, hospitality, earthquake, general liability, cyber security

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

Top 4 Operational Risks of 2017 Leading the Way into 2018

Posted by Matt Hene on Dec 21, 2017 2:15:13 PM

As 2017 winds down and 2018 is practically knocking at the door, it has been a year resulting in much economic prosperity for many, but also has presented many corporations with large windows of risk.  Some of these risks are common from year to year and ebb and flow due to economic conditions. However, some risks, like cybersecurity, seem like they are nasty viruses that are constantly morphing and evolving to their environment, always staying one step ahead.

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Topics: claim, losses, insurance premiums, Risk Management, prosperity, economic, cybersecurity, geopolitical, regulatory laws, employment, property and casualty

Auto Related Costs Accelerating…Here’s How to Stay Ahead of Them

Posted by Matt Hene on Oct 20, 2017 5:03:34 PM

Company auto-related costs are accelerating as new technology becomes available, creating more expensive cars with more distracted drivers. The distractions come in various forms: from high-tech computer systems integrated in the car to the already dangerous situation of using a cell phone while driving. Because the cost of vehicles continue to increase, the cost of repairing damaged vehicles is also increasing. Companies that operate a fleet of vehicles should be aware of all the risks and have plans in place to reduce these risks.

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Topics: claim, losses, auto, auto costs, insurance premiums

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