Remove Business Interruption Remove Cyber Remove Insurance Industry
article thumbnail

Celebrating 24 years of service to the general insurance industry

Prof. Allan Manning

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

article thumbnail

Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. February 2000: Development of first Training Module – Business Interruption. May 2002: First of now 17 books on insurance and risk management launched. May 2000: First manual Policy Comparisons developed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Lies Ahead?: Top Insurtech Trends for 2025 and Beyond

InsuredMine

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. This figure is more than just a number; it represents real people and businesses at risk of financial ruin. Traditional insurance models are struggling to keep pace with a rapidly evolving world.

Risk 59
article thumbnail

The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

With rapid advancements in machinery and transportation, businesses faced new categories of risk. This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts.

article thumbnail

Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

Wage and labor inflation also remain a challenge in a tight (though softening) labor market as companies either cannot fully staff their businesses or are spending more to attract and retain talent. The insurance industry has already seen several supply chain and inflation-driven Security Class Action claims.

Risk 40
article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. Insurers may adjust their pricing or coverage options based on the property’s vulnerability to climate risks.