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 […]
Protecting personal information isn’t a worry that is taken into consideration very often. Most people automatically trust that their information is in good hands. That trust is tested when there is a security breach, such as the one that occurred at Equifax. There are more than 70 class action lawsuits which have been filed against […]
Keep these tips in mind when filing a claim with your insurance agency for your business. Hurricane Nate caused possible effects such as floods, wildfires, and windstorms across the Gulf Coast, Texas, Florida, US Virgin Islands, Puerto Rico and more. This resulted in many people needing to file claims and insurance agents were the first […]
Preparing your small business for a natural disaster Hurricane Harvey left behind an estimated $23 billion in damages in two counties in southeast Texas alone, with costs still rolling in from the rest of Texas and Louisiana. This type of disaster can mean the end for many small businesses. For some, it will take a […]