NOAA released a statement on May 20, 2021, saying its forecasters are calling for another above-normal 2021 Atlantic hurricane season. The outlook also indicates a 30% chance of a near-normal season and a 10% chance of a below-normal season. After 2020’s record-breaking hurricane season Insgroup and other (re)insurers are preparing to absorb potentially substantial losses. In 2020, economic losses […]
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Below are 6 tips for mitigating a cyberattack that will get carriers to take notice whenyour cyber liability policy is up for renewal. Strong Overall IT Security Posture, Procedures, and Response CapabilitiesCarriers are reviewing all of the above against their other insureds (industry agnostic) to ensure best practices are beingmaintained. A key focus is placed […]
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WHAT SHOULD YOU LOOK FOR IN A CYBER POLICY? Access to a 24/7 breach hotline Incident response costs, such as computer forensic services, legal counsel and customer notification and call center services The cost of recovering or replacing lost or stolen data Income loss due to business interruption following a cyber incident Cybercrime—i.e electronic funds […]
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WHO IS AT RISK? Successful individuals face a host of exposures in their daily lives, many of which can be addressed by transferring them to an insurance company. We often think of these exposures as coming from the most obvious causes of loss, such as fire or water damage to tangible property, liability cases stemming […]
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OPERATING IN A VALUE-BASED AND AT-RISK ENVIRONMENT Since the emergence of managed care in the 1970s, the healthcare industry has been slowly transitioning from fee-for-service payment models to those more tied to quality of care. As this trend has progressed, providers face increasing levels of uncertainty by entering into risk-bearing contracts with payers known as […]
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In 2020 and through 2021, widespread conversations about diversity and equality led many business leaders to prioritize and re-evaluate their diversity and inclusion (D&I) programs, and in some cases, establish D&I programs if they did not already exist. It is clear that D&I programs are here to stay, but what exactly is D&I? What are […]
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You do a great job of taking care of yourself and your family. Choosing the right health plan makes your job easier. Let’s see if a high deductible health plan with a health savings account is the right choice. Types of Health Plans High Deductible Health Plan An HDHP, or high deductible health plan, sometimes […]
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COVID-19 has impacted all facets of society, including high-net-worth individuals, business owners, and C-suite executives who typically travel extensively for work and pleasure. While many initially scaled back their travel plans amid the global lockdown, people are beginning to travel once again. In fact, private jet companies are experiencing an uptick in bookings, as wealthy […]
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COVID-19 has kept more people inside than ever before, and far too many homeowners may be overlooking interior water leaks and putting off their repairs. Since the first stay-at-home orders were issued in March 2020, roughly 20% of homeowners have noticed some form of water damage. That is about 25 million households just in the […]
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The coronavirus pandemic sent millions of professionals to work remotely and dramatically shifted work patterns over the last year. While CEOs, COOs and other C-suite-level employees, business owners, financial advisors and family office professionals were reconfiguring their home offices, cyber criminals were busy honing their nefarious skills to access confidential and proprietary information, outsmart individuals […]
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