Turns out they’re two sides of the same coin In the past, insurance risk management was often an exercise in avoidance, with organizations focused primarily on completing necessary, compliance-driven activities. The Pandemic was a major inflection point that rapidly changed this notion. Today, forward-thinking leaders have dug deeper to view risk in terms of […]

As insurers continue to raise rates, toughen requirements, and limit coverage and capacity, innovative business leaders are looking beyond the traditional insurance marketplace to alternative solutions. Buyers are fatigued from five years of rate increases, being victims of insurance cycles and want more predictability and greater control over insurance expenses. For a growing number of […]

The responsibilities of the chief financial leader are broader and more diverse than ever. One of the pillars of today’s CFO’s responsibilities is risk management. In most middle-market organizations, the CFO is the first line of defense in maintaining adequate risk prevention and control and is at the epicenter for making risk/reward business decisions. The […]

  Paul O’Neill shares his name with the five-time baseball All-Star who won five World Series and was an American League Batting Champion with a .359 average. This is where any similarity ends, as you would never confuse the 6’ 4”, 200-pound right fielder with the slightly built, bookish intellectual who changed one of the […]

  “When will this market end” is a question business owners and executives often ask me. Their frustration is justified, given 25 quarters of increasing insurance premiums and the financial toll the hard insurance market continues to take on businesses of all sizes. While questions about high costs top the list of concerns, many organizations […]

What to expect during this time of increasing insurance rates. “Recently while reorganizing my home office, I was struck with nostalgia when I ran across an issue of Time magazine dated March 24, 1986. Flipping through the pages brought back memories of long-gone institutions and businesses such as: First Interstate Bank, Compaq Computers and Western […]

  Property and Casualty Insurance: Are you an investor or trader? When investing in stocks, real estate, or other markets, two approaches dominate: trading (short-term) and investing (long-term.) Both offer opportunities, but success depends on knowing how the game is played and not mistaking one approach for the other. When purchasing Property and Casualty insurance, […]

In today’s business environment there is a belief that cybersecurity is an IT issue, but that is narrow-sighted. Cybersecurity is really a business risk with mission critical ramifications. And as we know, risk is a domain of the C-suite. Diligent executives are now asking more and tougher questions about cybersecurity. Understanding your Cyber Maturity Score […]

While threat actors continue to vary attack methods, these fundamental security controls can significantly improve your security posture, therefore increasing opportunities to obtain the most favorable Cyber insurance coverage. Validated by seasoned cyber security experts from Kroll, we present key takeaways for each of the controls presented here. 15 Ways to Protect Your Business from […]

Cyberattacks are a threat to every business and organization. Intrusions can come through the business itself, or from third parties, such as clients or vendors. As hackers become more sophisticated and increase their financial demands, it becomes increasingly critical for organizations to understand their specific vulnerabilities, have a risk prevention and mitigation plan in place […]