Category Archives: Claim & Risk Control

Avoid these 4 pitfalls to favorably resolve challenging environmental claims

Environmental worker in a hazmat suit putting a soil sample into a bottle

From obtaining a carrier’s consent before incurring costs, to a straightforward late claims notice, making an environmental insurance claim can be fraught with hazards. All can be avoided with early, accurate information. The most important test of environmental insurance comes … Continue reading →

There are four million U.K. companies, but how many buy D&O insurance?

Red phone booth on London street with Big Ben and other buildings in the background

At the end of March 2018, the number of companies on the total register of U.K. companies surpassed four million for the first time ever, reaching 4,033,355. Although the number on the effective register (i.e. companies not in dissolution or … Continue reading →

Don’t miss the EEOC’s March 31 data deadline

close up of the hand of a person in a suit holding a pen while reviewing documents

It may have been off everyone’s radar for awhile, but the EEO-1 report is back. And it’s due by the end of March. As reported in 2016, the Equal Employment Opportunity Commission (EEOC) announced final changes to amend the annual … Continue reading →

Proteção de pessoas e ativos na indústria de recursos naturais da América Latina: três imperativos

Participação de Fabio Lugo da Tecpetrol em nossa Conferência de Recursos Naturais da América Latina, ocorrida em Buenos Aires, em novembro do ano passado.

Participação de Fabio Lugo da Tecpetrol em nossa Conferência de Recursos Naturais da América Latina, ocorrida em Buenos Aires, em novembro do ano passado. A geografia da América Latina é rica em recursos naturais, produzindo atualmente 12% do petróleo mundial … Continue reading →

Protecting people and assets in the Latin American natural resources industry: 3 imperatives

Tecpetrol’s Fabio Lugo addressing Latin American Natural Resources Conference in Buenos Aires

Tecpetrol’s Fabio Lugo addresses our Latin American Natural Resources Conference in Buenos Aires last month Latin America’s geography is rich in natural resources, currently producing 12% of the world oil and 7% of the world natural gas supply. But a … Continue reading →

Assessing the aftermath: Lessons learned from Hurricane Irma

hurricane irma risk mitigation

Soon after hurricane Irma struck, Willis Re sent a team to survey the property damage in southwest Florida. After four days, and 900 miles, the team completed its assessment, which can be found here. Among the key lessons learned was … Continue reading →

Post-hurricane confusion in the energy insurance markets: 3 reasons why a market turn is too early to call

post-hurricane

Energy insurers were in a bullish mood as delegates gathered at the critical Baden-Baden reinsurance meeting last week. Their frame of mind didn’t come as a surprise, given all the media speculation on how insurance markets will respond in the … Continue reading →

Driving forward with claims advocacy

If I had to do it over again, when buying a car, instead of just looking at the list of features and negotiating the MSRP with the salesperson, I would have also asked to speak to the service department. Why? … Continue reading →

Crowd goes wild: Risks of overreliance on crowdsourcing

While the concept of a sharing economy may be a fairly new one, its roots date back to the centuries-old practice of crowdsourcing (i.e., outsourcing work, or aspects of work, traditionally performed by an employee or designated agent to separate … Continue reading →

Construction insurance marketplace update

Expectations for construction risks: Rate, terms and conditions The U.S. construction property and casualty market continues to exhibit rate stability. While the market remains soft, a level of underwriting restraint has started to take hold. Much of this is driven … Continue reading →