When enterprise risk managers develop organizational disaster response plans, catastrophes like tornados, hurricanes and earthquakes are usually top of mind. But, the possibility of a devastating fire cannot and should not be overlooked, as a fire lo…
In December 2022, extreme winter weather conditions caused power outages and freezing pipes across the United States — damaging properties and displacing residents. In the days that followed, our temporary housing team took on an increased clai…
After plowing through the Caribbean, Hurricane Ian made landfall in southwest Florida on Sept. 28 as a dangerous Category 4 storm. The catastrophic event took the lives of nearly 150 people and caused an estimated $70 billion in property damage in th…
In part one of this blog series we discussed the importance of preparing for a disaster before it strikes — which takes thorough review, reevaluation and replanning. For some public entities (PEs), the topic sparked conversation but was uninten…
Public entities (PEs) are in a unique position as policyholders with a vast saturation in relatively tight geographic markets. Recognizing the larger sociopolitical and financial impact of loss to PEs, even finite events can yield devastating effects…
Read the English version Sedgwick a mené en mai/juin 2022 une étude de satisfaction-client en matière de gestion de sinistres en partenariat avec l’Argus de l’Assurance. Elle portait sur les sinistres en habitation pour des particuliers, un risque d…
Lisez ceci en français Home accident claims are a frequent risk with economic stakes often impacting how the insurance sector is viewed by the public. To better understand the expectations of policyholders following a home accident, we conducted a c…
It’s an understatement to say that a lot has changed in a very short time. It’s a very different world than when we started planning for a RIMS conference session on global trends and issues impacting risk management only a few short months ago. Ever…
As we watched Hurricane Dorian wreak havoc on the Bahamas earlier this week, causing devastating damage and tragic losses, the need for emergency resources was abundantly clear. After bringing strong winds and heavy rain to Florida, the storm continu…
In 2007, catastrophic flooding in the UK killed 13 people, saw 420,000 inhabitants left without drinking water and was estimated to have caused nearly £6 billion of damage. This disaster was the trigger for a number of insurance and government-led in…
Less than one month after an historic heat wave gripped more than half of Europe, another far-reaching heat wave is leaving a lasting effect on many of the same locations this week, with at least 12 countries reaching record-setting temperatures. The…
Risks to an increasingly modernized, technological and integrated society have greatly increased our threat of events with catastrophic consequences. Frequency and scale of these events as well as natural disasters are increasing along with the econo…