Risk Assessment

Are Lapses in Security Systems Costly for Insurance Claims?
Regulatory & Compliance Are Lapses in Security Systems Costly for Insurance Claims?

In today's unpredictable economic climate, the relationship between advanced security systems and insurance claims is becoming increasingly intertwined. As businesses increasingly depend on insurance to mitigate financial losses, there is a growing focus on enhancing security measures to meet

Managing Third-Party IT Risks in a Cyber Threat Landscape
Insurance Managing Third-Party IT Risks in a Cyber Threat Landscape

In today's digital era, managing cybersecurity risks is more crucial than ever, with businesses increasingly relying on outsourced IT services. We sat down with Simon Glairy, an expert in risk management and AI-driven risk assessment, to explore the complexities of cybersecurity, the implications

Can Advanced Underwriting Transform Insurance Efficiency?
Technology & Trends Can Advanced Underwriting Transform Insurance Efficiency?

In a landscape where precision and swiftness redefine success, insurance faces a pivotal shift as digital advancements reshape its core. Insurers strive to streamline processes, aiming for better customer experiences and optimized efficiency. A significant development is the introduction of

Court Ruling Clarifies Builder's Risk Policy for Vue Project
Regulatory & Compliance Court Ruling Clarifies Builder's Risk Policy for Vue Project

In a complex legal battle over insurance coverage, BCC Partners, LLC, and Travelers Property Casualty Company of America faced off regarding a builder's risk insurance policy tied to the Vue Project in Missouri. The conflict centered around BCC's claim for more than $1.4 million related to lost

Review of InsurtechRisk+ Coverage
Technology & Trends Review of InsurtechRisk+ Coverage

Insurtech businesses face increasingly sophisticated cyber threats and financial liabilities, making robust insurance coverage a crucial element for sustaining growth and security. The introduction of InsurtechRisk+ by Markel Insurance comes at a time when navigating this perilous landscape

Will Collateral Defaults Reshape Reinsurance in 2025?
Regulatory & Compliance Will Collateral Defaults Reshape Reinsurance in 2025?

In an impactful legal ruling that could have major ramifications for the insurance industry, particularly the reinsurance sector, a New York appellate court made a significant decision favoring New York Marine and General Insurance Company against Millennia Assurance, Inc. The litigation centered

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