Risk Management

Third-Party Risks Drive Spike in Cyber Insurance Claims for 2024
Risk Management Third-Party Risks Drive Spike in Cyber Insurance Claims for 2024

In an unprecedented year for cyber insurance, businesses have faced a significant increase in cyber insurance claims and financial losses, primarily driven by third-party risks. The data, compiled by Resilience, a cyber risk solutions provider, underscores the critical role third-party

February 28, 2025
Will Wisconsin Lead in Routine Audits for Health Care Claim Denials?
Risk Management Will Wisconsin Lead in Routine Audits for Health Care Claim Denials?

In a move that could set a precedent for other states, Wisconsin Governor Tony Evers has expressed his intention to make Wisconsin the first state to implement routine audits for health care claim denials. Governor Evers announced his plan on February 18, aiming to address the issue of widespread

February 26, 2025
Zillow Identifies 7 Low-Risk Midwest Cities for Climate-Conscious Buyers
Risk Management Zillow Identifies 7 Low-Risk Midwest Cities for Climate-Conscious Buyers

The growing concern over climate change has increasingly influenced homebuyers' decisions, prompting a search for regions with minimal climate risks. As the frequency of natural disasters soars and weather patterns become more unpredictable, buyers are starting to prioritize safety and

February 24, 2025
Understanding Sinkhole Risks: Financial and Human Impact on Homeowners
Risk Management Understanding Sinkhole Risks: Financial and Human Impact on Homeowners

Sinkholes pose a significant yet often overlooked risk to homeowners, with both financial and human consequences. These depressions, caused by the sudden collapse of land, can lead to costly damages and even fatalities. Despite their severe impact, sinkholes often fail to receive the attention they

February 21, 2025
Insurance Sector's Resilience Amid US Tariffs and Global Disruptions
Risk Management Insurance Sector's Resilience Amid US Tariffs and Global Disruptions

The insurance industry, often considered a bedrock of stability, has found itself under the microscope as the United States imposed tariffs that have rippled through various economic sectors. These tariffs, primarily aimed at manufacturing, agriculture, and consumer goods, have created a climate of

February 20, 2025
Oklahoma Drivers Face Delays in Insurance Claims Post-Winter Storm
Risk Management Oklahoma Drivers Face Delays in Insurance Claims Post-Winter Storm

The recent severe winter weather in Oklahoma has led to numerous vehicle crashes, creating a surge in insurance claims and overwhelming body shops. This has resulted in significant delays for drivers seeking repairs and claim processing. Local experts, including Oklahoma Insurance Commissioner Glen

February 20, 2025
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