Insurance News
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The Future of Insurance Underwriting
November 25, 2021
Insurance companies are relying more and more on technology for claims handling and underwriting. Two companies, Praedicat and Verisk, recently announced new risk analysis products that your insurance companies may be using soon. Preadicat’s Company Risk Score (CRS) evaluates how risky a company is to underwrite, based on “how exposed a company is to emerging […]
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How Reviver Laws Turn Back the Clock
November 16, 2021
Reviver laws, which establish a period for bringing lawsuits that would otherwise be barred by a statute of limitations, have become popular for permitting victims of sexual abuse to bring claims for incidents that occurred many years ago. Twenty-four states and the District of Columbia have already enacted reviver laws. Some permit claims only against […]
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How to Prepare for a Property Loss
October 28, 2021
Nobody wants to have a loss of course, but you need to be ready. Here are six things to do right now, while you’re safe and sound with no immediate threats out there: Anticipate the kind of loss you might sustain. Which business units are at risk, how will those units respond to an event and […]
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What to Do if Your Business Has a Property Loss
October 15, 2021
In the event of a loss here’s what to do: Make “Safety First” Your First PriorityMake sure everyone is safe. You will most likely want to evacuate the damaged property and notify staff, vendors, suppliers and anyone else who should know about the situation. Mitigate DamagesIt should go without saying that you need to protect […]