Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes
Jun 29 2020 // A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands,...
What It Takes for a New Insurance Agent to Succeed
Jun 19 2020 // Developing young talent to become successful young agents is not easy. Chris Burand, president of Burand & Associates, an insurance agency consulting firm, estimates that the new producer failure rate is as high as 70%...
Taylor Joins POWERS Insurance and Risk Management in St. Louis
Jun 16 2020 // POWERS Insurance & Risk Management in St. Louis, Missouri, has hired Patty Taylor as personal lines account manager. In this position, she will handle the ongoing management of personal lines accounts, retaining new...
How Construction Companies Can Make the Most of Technology Advancements
Jun 15 2020 // As one of the oldest industries, construction has been notoriously slow to adopt technological advancements and embrace the digital age. However, in the last decade, many innovative technologies have gained traction in the...
How COVID-19 Will Change Insurance Sales
Jun 15 2020 // An agent who is a client of mine asked me, “Do you really think any business owner is truly happy with their agent or insurance company today?” Good question. Having to tell the public over and over and over,...
Missouri’s Skyline Risk Management Joins Midwest Insurance Agency Alliance
May 28 2020 // Midwest Insurance Agency Alliance, Inc. (MIAA), a network of independent insurance agencies across seven states, has added Skyline Risk Management of Independence, Missouri, as a member of the agency group. Skyline Risk...
Not All Homes in Wildfire Zones Are Uninsurable. Here’s How Insurers Can Tell.
May 22 2020 // Fire-risk scores now used by insurance underwriters can sometimes can make it challenging for homeowners to find coverage. Zesty.ai, a California insurtech start-up, is among a handful of firms working to fine-tune...
Holmes Murphy’s CSDZ Adds Beyer to Minnesota Risk Management Team
May 20 2020 // CSDZ, a Holmes Murphy company, has added Cal Beyer to its Minnesota team as vice president of Workforce Risk and Worker Wellbeing. Beyer has over 30 years of safety, insurance, and risk management experience, with 24 of...
Risk Managers Expect Prolonged Recession From COVID-19: World Economic Forum
May 19 2020 // Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in...
Why Current Cyber Risk Management Techniques Are Inadequate
May 18 2020 // Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains poor, and overstated...
RBS Risk Manager Gets Day in U.S. Court Seeking Whistleblower Payout
May 13 2020 // The U.S. Second Circuit Appeals Court on Tuesday considered arguments by an ex-Royal Bank of Scotland employee who is suing the U.S. Justice Department and Securities and Exchange Commission for a bounty he says he is owed...
FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic
May 7 2020 // The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to...
Allstate Credits Risk Management During Q1; Eyes Second Coronavirus Driver Refund
May 6 2020 // Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of 47%, thanks to higher underwriting income and lower catastrophe costs, compared with the quarter one year ago....
RMS Releases High Definition Models for European Severe Convective Storm
May 5 2020 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models. The models represent 50,000 years of simulation of hail and...
Florida-Based BKS-Partners Appoints Nash as Regional President
May 5 2020 // BKS-Partners, an insurance brokerage and risk management firm headquartered in Tampa, Fla., has appointed Kelly Nash to Regional president. As BKS-Partners Regional president, Nash will take responsibility over the...
Alera Group Acquires Barkley Risk Management & Insurance in California
Apr 21 2020 // Alera Group has acquired Barkley Risk Management & Insurance in California. The Barkley team will continue serving clients in their existing roles. Terms of the deal were not disclosed. Barkley serves clients...
Overcoming The New Agent Failure Rate: What It Takes to Succeed
Apr 20 2020 // Developing young talent to become successful young agents is not easy. Chris Burand, president of Burand & Associates, an insurance agency consulting firm, estimates that the new producer failure rate is as high as 70%...
The National Alliance for Insurance Education & Research offers 30 insurance and risk management topics at the 2020 Online Ruble MEGA Seminar
Apr 6 2020 // Austin, TX, April 6, 2020 – Registration is open for The National Alliance for Insurance Education & Research 2020 Online Ruble MEGA Seminar. Dues-paid designees can attend the Online MEGA Seminar from their home...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a...
