Professional Liability Insurance General liability insurance is typically the first insurance coverage a business seeks. It provides coverage for any third-party injury, property damage, and the ensuing lawsuits that may occur due to these incidents. Common liability insurance policies help pay for third-party bodily injury claims, property damage claims, completed products claims, faulty workmanship claims, […]
Over 6 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 those […]
Catastrophe modeler RMS has estimated costs from both the Camp and Woolsey wildfires in California. The Camp wildfire shows $7.5 billion to $10 billion in damages while the Woolsey Fire is estimated between $1.5 billion to $3 billion. This brings the total of both wildfires estimated to be between $9 billion and $13 billion in […]
A volcano suddenly spewing 2,200-degree lava. Molten rock running down streets, burning everything in its path. It sounds like a plot of a movie. Unfortunately, it is all too true for over 1,700 Hawaiian residents evacuated from their homes due to the volcanic eruption of Kilauea. Thirty-five structures have already been destroyed, 25 of which […]
Scams are everywhere and we have all come across one in some form or another. A prince from Nigeria emailing you to borrow money so that he can get his inheritance. The IT expert that needs your information so he can fix the virus on your computer. The IRS employee who threatens arrest, deportation or […]
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 […]