Browsing: risk management

Compilation of recent news and developments in the insurance industry

The construction industry faces a growing threat from climate change as extreme weather events outpace building codes, warns Yvonne Castillo, risk management expert at Victor Insurance.

Alternative risk solution for property insurance gaps

Lockton, the world’s largest independent insurance broker, has named Ethan Crain and Rebecca Cady as co-leaders of its national Healthcare Practice

Global insurance brokerages are offering human capital strategies to help clients manage their most valuable and risky asset: employees. This approach could present opportunities for brokers to offer risk advice to SMEs.

Research by Pen Underwriting reveals a gap between businesses’ perceived protection against cyber-attacks and their actual cyber resilience

Recent Morrisons recall highlights growing trend in food recalls and associated risks for manufacturers

Astra Captive Management (Cook Islands) Ltd has received formal authorisation from the Cook Islands Financial Services Commission to operate as a licensed captive insurance manager, enhancing its ability to support brokers and corporate clients in the Asia-Pacific region.

Global managing general underwriter Victor announces enhancements to its real estate errors and omissions insurance program, including expanded coverage for cyber incidents and regulatory exposures, alongside premium rate reductions in several US states.

The property insurance market has stabilized after years of volatility, but natural disasters and inflation continue to pose significant challenges. Experts emphasize the need for proactive, data-driven risk management strategies.