Two recent cases highlight the importance of understanding the nuances of insurance coverages pertaining to cybercrime and liability.

You are now assigned safety and risk management duties for your organization. Now what? Where do you start? Fundamentally, the past is one of the best indicators of the future. Therefore, it is best to get a snapshot of what the lack of safety and ineffective risk management has produced in the form of losses or claims. For risk control plan building purposes, it is recommended to review and analyze claims data from a minimum of 48 months from the most current data. In this context, analyze means to determine which categories of claims are the most frequent and/or severe.

Getting ready to market your public entity for property and casualty insurance coverage can be a challenging and lengthy process filled with a multitude of questions, forms and risk reviews. Basically, your entity has three options to consider when it comes to finding property and casualty coverages; you can access coverage through a self-funded risk pool, pure self-insurance or a traditional, yet specialized, insurance carrier.

You get a call from the chief of police about using a drone in his department. They are excited about the many uses in law enforcement, such as surveillance on rooftops where snipers may be or have been, traffic accident investigations where there is a big traffic jam, and various other things. He asks what they need to do to start operating; they can buy one online with fancy cameras for only a few hundred dollars.

With increasing frequency, the world of risk and insurance is facing challenges that are leading to disruptive interventions from a variety of sources, the aggregate of which portends some significant shifts in an industry often viewed as being stuck in a lower gear. Well-known and understood among underwriters is the challenge of the investment environment, which has been disrupted continuously since the recession beginning 2008 with returns being artificially suppressed by the federal government’s economic strategy.