Monthly Archives
You shovel paths and lay down salt to protect yourself and others from slipping and falling on ice. One thing most people are not aware of is protecting yourself from property damage that can be caused by ice dams on the roof. If you notice icicles hanging from your property, you may be headed towards […]
Scams are everywhere and we have all come across one in some form or another. A prince from Nigeria emailing you to borrow money so that he can get his inheritance. The IT expert that needs your information so he can fix the virus on your computer. The IRS employee who threatens arrest, deportation or […]
Oklahoma has become a hotspot for earthquake activity. It is suspected that the rise in earthquakes is due to increase of usage in disposal wells. Risk managers are trying to assess the damage so that they can interpret immediate and future risks associated with the seismic activity in Oklahoma. There are many factors that need […]
It is now 2018 and although we don’t have flying cars (yet), we are looking at a world being shaped by artificial intelligence. Artificial intelligence has made its way into the insurance market with carriers like Zurich Insurance in Europe using AI to cut back the time it takes to process insurance claims. They have reported […]
Most people would think that extreme natural disasters are the main reason for the costs of insurance claims. Although the frequency of storms is similar to the past, it is their immensity that is the difference. Surprisingly though, the most expensive claims are caused by other areas: pollution, emissions and product failure. Two industrial sectors that have […]
Just over 5 years ago Super Storm Sandy hit along the East Coast of the US causing damages totaling over $70 billion. The storm was also responsible for killing more than 280 people. Major US cities experienced flooding, structural damage, and power outages which they were ill prepared for. Businesses felt a huge impact, especially […]