Archive for the ‘Saftey Tips’ Category
August 7, 2025
What Is Parametric Insurance?
Parametric insurance is a modern approach to risk management that provides predefined payouts based on measurable events rather than traditional claims assessments. Unlike conventional insurance, which requires damage evaluation and lengthy claims processing, parametric insurance triggers automatic payments when specific conditions—such as earthquake magnitude, rainfall levels, or wind speed—are met.
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July 3, 2025
As global industries evolve, insurers face increasing challenges in underwriting emerging risks. Traditional risk assessment models struggle to keep pace with new threats, requiring insurers to adopt data-driven strategies, AI-powered analytics, and innovative policy structures. Below, we explore key emerging risks and the underwriting challenges associated with each.
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May 8, 2025
Insurance fraud has long been a costly burden for the insurance industry, but in recent years, staged accidents have reached near-epidemic proportions.
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September 26, 2024
The CrowdStrike outage, significant though it was, could have been much more severe if it had been the result of malicious intent.
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August 29, 2024
When we think of risk, the first thing that usually comes to mind is insurance. But insurance is just one component of a sound risk management plan.
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October 19, 2023
If your business is the typical small or mid-sized business, you probably have somewhere between $500,000 and $2 million in liability coverage under your business owner policy (BOP) or commercial general liability policy. How does umbrella coverage work with these policies to provide extra liability protection?
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September 21, 2023
If your business is the typical small or mid-sized business, you probably have somewhere between $500,000 and $2 million in liability coverage under your business owner policy (BOP) or commercial general liability policy. How does umbrella coverage work with these policies to provide extra liability protection?
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September 7, 2023
Employers go to great lengths to protect their data from breaches from intruders. But what about any employee data that may exist on company servers? Now employers are responsible for the security of that data as well.
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May 5, 2023
The technological sophistication of today’s cars and trucks is making them increasingly vulnerable to cyber security threats.
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January 14, 2023
Driving safely in winter weather can be challenging for even the most experienced driver. Whether your firm employs commercial vehicle drivers or most of the driving at your firm involves employees driving personal passenger vehicles, the following tips selected from the Federal Motor Carrier Safety Administration website will help drivers avoid dangerous situations, especially in […]
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