The main purpose of insurance is to aid in personal, corporate and societal recovery by providing indemnification for losses that might otherwise cause financial failure. However, insurance has several secondary functions, including acting as a mechanism to incentivize good risk…
The post How insurers can incentivize resilience appeared first on insBlogs.
From time to time, the global re/insurance industry experiences a loss or series of losses that forces market participants to re-evaluate what they thought they knew about a given hazard. Three examples of such shock losses are Hurricane Andrew (1992),…
The post Is California wildfire becoming uninsurable? appeared first on insBlogs.
Right from the get go, it is instilled in us that fire has very few redeeming qualities if any at all. Essentially nothing good ever comes from fire, or so we’re told. It’s an evil force that must be quelled,…
The post Wildfire is a paradox we must learn to live with appeared first on insBlogs.
Stephen Dishart served as Managing Director of Corporate Communication and HR for Swiss Re’s Americas Division at the time of the terrorist attack of Sept. 11, 2001. He led the strategic communication team that worked very closely with senior management…
The post COVID, BI and takeaways from the 9/11 lawsuit: An interview with someone who was there appeared first on insBlogs.
To the lay person, it only stands to reason that a business interruption policy would respond to what for many enterprises isn’t merely an interruption in their business, it is quite possibly a death knell. This is certainly the sentiment…
The post Is a COVID-19 business interruption covered under a standard Business Interruption policy? appeared first on insBlogs.
P & C industry professionals, commercial insurance brokers and underwriters all love stats. After all, our entire industry is based on analyzing data and understanding trends. So, before we get started, let me start off with some statistics about the…
The post BRACE FOR IMPACT: Coronavirus, The Canadian Economy & Insurance appeared first on insBlogs.
In this piece, industry veteran Phil Cook makes a number of good points about the current state of the p&c market in Canada. Cook makes the distinction between a hard market and a difficult market, sharing that he is not…
The post Hard, harder, hardest: Where are we in the cycle? appeared first on insBlogs.
In this piece, industry veteran Phil Cook makes a number of good points about the current state of the p&c market in Canada. Cook makes the distinction between a hard market and a difficult market, sharing that he is not…
The post Hard, harder, hardest: Where are we in the cycle? appeared first on insBlogs.
In this piece, industry veteran Phil Cook makes a number of good points about the current state of the p&c market in Canada. Cook makes the distinction between a hard market and a difficult market, sharing that he is not…
The post Hard, harder, hardest: Where are we in the cycle? appeared first on insBlogs.
There is an old joke that has a young Senate intern at a fairly high-level Washington, D.C. cocktail party. The intern approaches a four-star general standing alone and engages in small talk. “Wow, that’s a lot of medals you have…
The post We ignore climate science at our financial peril appeared first on insBlogs.
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