Risk Management Monitor
NOVEMBER 8, 2021
One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. On the other hand, performing an appraisal (which insurers typically consider the “gold standard”) can provide much-needed accuracy and thoroughness, but will require a greater commitment of time and resources.
Risk Management Monitor
AUGUST 9, 2022
In 2021, insurers faced multiple billion-dollar loss events resulting from severe convective storms in the United States, with the greatest damage inflicted by hail that impacted the Plains, Midwest, Southeast and Northeast. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v.
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Risk Management Monitor
AUGUST 30, 2021
The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. Before doing so, reach out to your insurance broker who can help guide you through this process.
National Center for Disaster Prepardness
FEBRUARY 7, 2025
In the private sector, insurance companies such as Allstate and State Farm leverage AI-powered object detection to streamline post-disaster claims processing and enhance the accuracy of damage assessments. Remote Sensing, 14(2), 382.
Risk Management Monitor
NOVEMBER 11, 2021
Like insurance, it enables braver decisions and more courageous action. “A business’s risk operations are an essential component of building ESG into the organization—often they are the driving force.” Executives rely on their insight to power their decisions and navigate the pitfalls of new challenges.
Online Computers
AUGUST 19, 2022
It helps in disaster preparedness. In the event of a disaster, your business must see to it that your people and processes are secured. So apart from guaranteeing the safety of your staff when disaster strikes, you also need to ensure business continuity. It gives you peace of mind.
Risk Management Monitor
JUNE 9, 2023
For businesses, take this as a reminder to examine how your organization will handle fallout from wildfires, for example, reviewing your property insurance, business interruption coverage, disaster recovery plans or emergency communications procedures.
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