Risk Management Monitor

JANUARY 27, 2022

Ramesh Srinivasan gave a keynote titled “The Opportunities and Downside Risks of Using AI,” touching on the key flashpoints of current technological advancement, and what they mean for risk management. He noted that as data storage has become far cheaper, and computation quicker, this has allowed risk assessment technology to improve.

Risk 75

Risk Crime Cyber Theft 75

Cowbell

MARCH 30, 2025

He who is not courageous enough to take risks will accomplish nothing in life. Accompanying this momentum is an ever-growing global risk pool, spanning over 50 million SMEs across the US, UK, Australia, and beyond. Management Liability: Coming soon, well unveil a dedicated suite for D&O, EPL, Fiduciary, and Crime.

Cyber 64

Cyber Underwriter Underwriting Policyholder 64

Distinguished

OCTOBER 9, 2024

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan.

Crime 52

Crime Broker-Agent Inland Marine Broker 52

Risk Management Monitor

DECEMBER 5, 2022

As risk management professionals, these rapid changes have made our job more important than ever to our organizations. Yet the majority of our organizations—particularly in C-suites—remain far from giving risk management experts the seat at the table they need to effectively safeguard against enterprise threats, digital or otherwise.

Risk 76

Risk Cyber Building Crime 76

Risk Management Monitor

JUNE 14, 2021

Because much of this is done through outsourcing of systems and services to third parties, many enterprises have dramatically increased the scale and complexity of their risk surface. In fact, research shows that only 14% of third-party risk professionals are confident that vendors are capable of meeting third-party security requirements.

Risk 69

Risk Cyber Building Claim 69

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging. What Is a Cyber Insurance Broker?

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

Protect Commercial Insurance

APRIL 11, 2025

Having coverage structured according to your specific needs and risks is not just a precautionit’s a powerful business strategy. Not every potential risk is covered under a standard policy. – Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks.

Commercial Property 52

Commercial Property Property Insurance Commercial Insurer 52

Frankenmuth Insurance

OCTOBER 10, 2024

Reduce your risks with these 13 retail store safety tips: Step up your security. Minimize crime with security cameras, ample exterior lighting, and alarm systems. Putting yourself in a robber’s shoes can help you make proactive adjustments and prevent crime. Setting up or running the small business of your dreams?

Crime 111

Crime Workers Compensation Commercial Agents 111

Risk Management Monitor

JANUARY 5, 2022

Several studies have shown that around 50% of fraudsters are motivated by either monetary reward or benefits gained by committing a crime. You can use this information to identify potential risks early on, which could save your company millions in wasted spending.

Crime 97

Crime Financial Loss Risk 97

Property Insurance Centre

MARCH 21, 2025

This diversity in building age and structure affects insuranceolder buildings may face higher premiums due to maintenance risks, while newer developments may require higher coverage for cutting-edge amenities. Insurers often request an EWS1 form or similar documentation to assess fire risks.

Premium 52

Premium Insurer Insurance Insured 52

Distinguished

SEPTEMBER 10, 2024

From hurricanes on the Gulf Coast to rapid urban development in cities like Birmingham and Huntsville, the need for comprehensive Builder’s Risk Insurance has never been more critical. To address these diverse risks, Distinguished’s Builder’s Risk Program offers tailored solutions for Alabama’s construction needs.

Risk 52

Risk General Liability Broker-Agent Insurer 52

Distinguished

APRIL 21, 2025

However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Properties near major rivers also face flooding risks. Crime insurance: Safeguards against theft, fraud, and vandalism. In Chicago alone, more than 2.7

Broker 52

Broker Liability Broker-Agent Building 52

Distinguished

FEBRUARY 24, 2025

In this guide, well break down how Distinguisheds restaurant insurance addresses the specific risks faced by Charlottes restaurant owners. Contaminated food: Even the most diligent restaurants run the risk of food contamination leading to customer illness, which can leave them vulnerable to lawsuits.

Liability 52

Liability Liability Insurance Insurer Insurance 52

Majesco

MARCH 27, 2025

The traditional insurance customer relationship is being re-examined and, in some cases, re-energized by the need to address higher risk and higher premiums. After inflation, renters cited only three other significant drivers of cost increases, each at 25%: catastrophic events, intensifying weather events, and crime.

Auto Insurance 52

Auto Insurance Insurer Insurance Insured 52

Jackson & Jackson

APRIL 30, 2024

Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. Various factors tied to a property’s geographic and socio-economic setting influence insurers’ risk assessments. Here’s how these factors come into play: 1.

Commercial Property 52

Commercial Property Property Insurance Commercial Crime 52

Distinguished

MARCH 20, 2025

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. Without the right coverage, property owners could be exposed to significant financial and legal risks.

Building 52

Building Protection Damage Liability 52

Frankenmuth Insurance

OCTOBER 31, 2024

If you’re currently having a problem with employee theft, consider high-definition cameras to vividly catch the crime. With these tips and the right insurance coverage, you can significantly reduce your risks. It’s common for businesses to have surveillance systems these days, so add enough measures to protect your business.

Theft 93

Theft Crime Protection Building 93

LexisNexis

AUGUST 6, 2024

Read now » Related Content Corporate Transparency Act (CTA) Resource Kit Get a brief overview of the CTA and regulations promulgated thereunder by the Financial Crimes Enforcement Network.

Crime 40

Crime Risk 40

Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. These attacks caused a five-year high of $12.5 billion in losses, with investment scams making up $4.57

Financial Loss 52

Financial Loss Cyber Crime Risk 52

LexisNexis

OCTOBER 31, 2024

US "Over a decade ago, the Supreme Court ruled that the Sixth Amendment requires criminal defense counsel to advise her client whether a guilty plea carries a risk of deportation. citizen facing the risk of deportation following denaturalization to no less protection than a noncitizen facing the risk of deportation.

Crime 45

Crime Risk Claim Protection 45

Freeway Insurance

OCTOBER 26, 2023

Insurance companies take into account things like traffic, crime, frequency of accidents and even the weather. So if you live in a city with a lot of traffic or in an area with more crime, your insurance may cost more than if you live in a quieter, safer place. Why Will I Pay More for My Car Insurance If I Live in an Urban Environment?

Crime 52

Crime Auto Insurance Insurer Insurance 52

Risk Management Monitor

JANUARY 27, 2022

In a presentation at the RIMS TechRisk/RiskTech virtual event , Scott Stransky, managing director and head of the Cyber Risk Analytics Center at Marsh McLennan, outlined some of the key data that can help companies get a full view of their risk. and consider alternative terms and conditions.

Cyber 66

Cyber Underwriter Underwriting Risk 66

Risk Management Monitor

MARCH 4, 2022

A wide range of risks are trickling down from Russia’s assault on Ukraine , from sanctions compliance to supply chain disruption to business interruption. Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly.

Cyber 56

Cyber Business Interruption Risk Policy 56

LexisNexis

FEBRUARY 11, 2025

Cryptocurrency and Blockchain Litigation and Regulatory Enforcement Gain key insight into the regulatory landscape for cryptocurrencies and ongoing development by regulatory agencies, and understand the legal and risk and current enforcement actions in this area. The practice note also explores recent criminal cases involving cryptoassets.

Crime 40

Crime Risk Building 40

ProWriters

OCTOBER 2, 2024

Sure, you’ll need to assess the compromised data and financial losses, but to truly understand the breach and protect against future risks, data breach forensics is essential. Let’s break down the steps involved in a data breach forensic investigation and see how the experts pull back the curtain on cyber crime.

Cyber 92

Cyber Financial Loss Crime Damage 92

LexisNexis

AUGUST 20, 2024

The rules are intended to strengthen and harmonize the European Union’s (EU) AML framework by including the crypto sector and establishing an authority for the supervision and identification of AML threats and risks. For a more detailed understanding, review this MLex article for analysis of the rules and requirements.

Crime 40

Crime Risk License Policy 40

Cover4LetProperty

OCTOBER 1, 2024

If you fail to purchase landlord’s insurance, you are putting yourself at unnecessary financial risk, which could result in disastrous repercussions. Buy to let insurance is a specialised type of insurance that covers the unique risks faced by landlords. It typically protects against risks such as fire and floods.

Insurer 60

Insurer Insurance Insured Injury 60

Risk Management Monitor

JUNE 17, 2022

Ransomware attacks have proven a particular risk in recent years, with attacks like the Colonial Pipeline and myriad attacks on health care organizations demonstrating the serious impact of cyberattacks beyond financial risks, affecting everyday life and business operations. Ransomware and other cyberattacks are always evolving.

Protection 76

Protection Cyber Risk Crime 76

LexisNexis

MARCH 10, 2025

Risk of CryptoassetsA Financial Crime, Money Laundering, and Terrorist Financing Perspective View this international content which examines the risks of cryptoassets and its use to facilitate financial crime, money laundering, and terrorist financing activity.

Crime 40

Crime Risk 40

Risk Management Monitor

SEPTEMBER 1, 2022

Each organization’s security strategy also needs to align with its specific business risks. Performing risk assessments will allow employers to determine where they need to invest in cybersecurity. Once an organization’s risks are assessed, it can create a plan to suit these needs. Prioritize Investments in Cybersecurity.

Protection 58

Protection Risk Liability Damage 58

ProWriters

MAY 28, 2024

Read on for information you can use about cyber risks contractors face—as well as how a strong Cyber Insurance policy can help protect them. Why Contractors Face Major Risks From Cyber Attacks A construction firm or other contractor may not handle as much sensitive information as, say, healthcare providers or financial institutions do.

Cyber 52

Cyber Business Interruption Insurer Insurance 52

TGS

OCTOBER 3, 2024

Coastal homes in Florida, for example, face higher premiums due to the increased risk of hurricanes, flooding, and wind damage. Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurance company will charge to protect you.

Premium 52

Premium Deductible Out-Of-Pocket Insurer 52

LexisNexis

NOVEMBER 19, 2024

Read now » Related Content Risk of Cryptoassets—A Financial Crime, Money Laundering, and Terrorist Financing Perspective Review this practice note for an overview of cryptoassets from a financial crime, money laundering, and terrorist financing perspective.

Crime 40

Crime License Risk Protection 40

Risk Management Monitor

DECEMBER 29, 2021

With the risks reporting presents, it is likely to be the most engaged, loyal employees who report, so you risk losing your best if you fail to listen. Those who come forward may also fear that their company may not care about the reported issue or try to cover it up, and maybe even retaliate against them.

Building 80

Building Risk Crime 80

LexisNexis

DECEMBER 10, 2024

READ NOW » Related Content Risk of CryptoassetsA Financial Crime, Money Laundering, and Terrorist Financing Perspective Review this practice note for an overview of cryptoassets from a financial crime, money laundering, and terrorist financing perspective.

Crime 40

Crime License Risk Protection 40

Risk Management Monitor

JUNE 11, 2021

Data security spans two areas of organizational risk: unauthorized data use and privacy issues associated with authorized data processes. When evaluating an identity management strategy, it is imperative to start at a high level, which includes data access governance to limit access and meaningfully reduce the risk of loss or theft.

Risk 49

Risk Cyber Protection Theft 49

ProWriters

FEBRUARY 12, 2024

You can do much to help healthcare clients safeguard sensitive information, reduce their risk of data breaches, and respond effectively should one take place. Help Your Clients Respond to and Reduce Their Risk of HIPAA Breaches Knowing how to respond to healthcare data breaches is crucial, especially breaches occurring due to cyber crime.

Cyber 52

Cyber Liability Insurance Liability Protection 52