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Nov 8, 2024 | 
riskandinsurance.com | Roger Crombie |Msig Usa
Topics: Critical Risks | Emerging Risks | Nov./Dec. 2024 Issue
Often, we focus in these pages on big-deal insurance matters. The best brokers. Innovative reinsurers. Major events and significant losses. And rightly so. Today, though, a very much smaller report — the premium per policy is $1.30 — that illustrates just as well the underlying principles and benefits of insurance. You may recall a 1970 novella called “Jonathan Livingston Seagull,” written by Richard Bach.
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Sep 14, 2024 | 
riskandinsurance.com | Roger Crombie
Topics: Insurance Industry | Sept./Oct. 2024 Issue
Last year, I paid more in tax than I earned. I didn’t earn much, which makes my tax problem worrying, since so many people fall into that category. If I’d earned a living wage, the tax rate would have been lower. If the corporate taxes subsumed into the price of the goods and services I bought were added in, the tax rate would have exceeded 130% of my income. This occurred under the “lowtax” party in the UK.
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Sep 4, 2024 | 
riskandinsurance.com | Roger Crombie |Nina Luckman |Michelle Kerr |Autumn Demberger
Mar./Apr. 2024 Issue The Hartford joins a growing-list of insurers that have withdrawn from California’s homeowners insurance market. Growing a prominent “insurance” empire in the 1920s and ’30s brought this entrepreneur fame, fortune and the veneration of the public — at least for a while. A mix of technology and old-school best practices is driving return-to-work results in workers’ comp.
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Sep 4, 2024 | 
riskandinsurance.com | Roger Crombie |Autumn Demberger |Nina Luckman |Dan Reynolds
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Jul./Aug. 2024 Issue Rescheduling the drug would make it possible to add medical marijuana to workers’ compensation formularies, but the move would also introduce new employment liabilities. As companies outsource business functions to consumers, we’re all taking on more and more risk management responsibilities.
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Sep 4, 2024 | 
riskandinsurance.com | Michelle Kerr |Roger Crombie |Pete Miller
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May/June 2024 Issue During the tough property markets of recent years, parametrics grew in popularity. Now, even as the market stabilizes, they’re proving their staying power. Skyrocketing cyber insurance rates have many wondering if a federal backstop is needed. Experts say we need to tackle cybersecurity controls first.
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Sep 3, 2024 | 
riskandinsurance.com | David Agnew |Autumn Demberger |Dan Reynolds |Roger Crombie
347 Recently in Insurance Industry “One of the biggest challenges we face in the energy transformation is increasing our expertise in the new technologies that come with it … Learning about the risks and specificities of these new technologies is crucial for both the industry and its insurers.” Whether you’re a risk manager, broker or carrier, collaboration starts with concrete communication skills. “We find it a little surprising to see as much competition as we do in the public space,...
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Sep 3, 2024 | 
riskandinsurance.com | Dan Reynolds |Paul Winston |Roger Crombie |Autumn Demberger
Recently in Risk Management “Learning risk engineering the old-fashioned way, by getting my hands deep into the problem, has been invaluable.” Liberty Mutual’s Doyle shares how access to real-time data is helping to enhance and expand risk control, and how pilots of new tech can improve ROI. As companies outsource business functions to consumers, we’re all taking on more and more risk management responsibilities.
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Jul 20, 2024 | 
riskandinsurance.com | Roger Crombie
Topics: Jul./Aug. 2024 Issue | Risk Management
We are all full-time risk assessors. We analyze risk every waking second. It’s not a formal position, and not much training is available, yet the quality of our lives depends on us being consistently good at it. Anything we do (or don’t do) contains an element of risk. Our main opportunity is to control frequency, since the severity often depends on external factors.
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May 19, 2024 | 
riskandinsurance.com | Roger Crombie
Topics: Insurance Industry | May/June 2024 Issue | Reputation
It’s been 12 years since Bermuda threw me out. A recent newspaper story reminded me of my first visit to a supermarket after returning to London, an experience full of surprises. Groceries that would have cost more than $100 in Bermuda at the time cost just $16. I survived that news (with glee). The real shock was the groceries on offer. The fish aisle contained fish, and chocolate. The meat aisle had meat, and chocolate.
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Apr 7, 2024 | 
riskandinsurance.com | Roger Crombie
Our subject today established a large insurance-based organization in the 1920s and ’30s. He made a great deal of money and was for a while something of a national hero. His name has become a byword for a certain kind of insurance, due in part to his seven years as CEO of the group he ran. At the end of that period, his uncompromising business style resulted in him being sent to prison. This fellow was born in 1899 in New York City to parents who were Italian immigrant professionals.
