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USC Risk Management Exchange

July 1, 2022


The Role of an Insurance Broker from Two Generational Perspectives

Karen Caterino, Senior Vice President, Alliant Specialty; Eric Seaborg, Vice President, Alliant Specialty; Marilyn Quinlan, Executive Vice President, Alliant Specialty; and Emily Quinlan, Vice President, Alliant Specialty

May  2022

Karen Caterino and Eric Seaborg sit down with mother and daughter duo, Marilyn & Emily Quinlan from Alliant. These two exceptional risk advisors share their stories on how they got started working in the insurance industry, their passion for helping clients simplify the insurance process and their advice for young professionals considering a career in insurance. Listen here…


How Many Records Do We Have?

Aon

June 2022

Insurers are increasingly asking for Personally Identifiable Information (PII) and Personal Health Information (PHI) record counts as part of the underwriting process and it is important for insureds to have made a good faith effort to identify the number of records and provide a reasoned and defensible estimate of the exposure. Insurers want to understand the record count from the perspective of the costs that will be incurred (and that they will be reimbursing) as the result of a breach. This means providing a count not only of employee data, but of PII and PHI records entrusted to the firm by clients. Read more…


Prepare for Hurricane Season

FM Global

June 2022

Help ensure you are prepared to protect your property and avoid business disruption. Review these precautions and act now to protect your facilities. Read more…


June 15, 2022


The Exciting World of Underwriting Excess Casualty Insurance

Karen Caterino, Senior Vice President, Alliant Specialty; Eric Seaborg, Vice President, Alliant Specialty; and Victoria Vasso, Assistant Vice President, Excess Casualty, Ascot Insurance

April  2022

Alliant speaks with Victoria Vasso from Ascot Insurance to find out what inspired her early career development starting in London as a broker and now underwriter of liability insurance. Listen here…


How Will Florida’s Property Insurance Legislation Impact Capacity, Limits and/or Premium Rates?

Amwins Property Team

June 6, 2022

On May 26, Florida adopted pro-industry bipartisan property insurance legislation that seeks to reform property insurance concerns in the state. The bills address fraudulent insurance claims and litigation, home hardening, and reinsurance assistance for insurers in an effort to inspire carriers to expand capacity and offer premium relief to property owners. This article examines some of the details of these bills. Read more…


Inflationary Pressures: Should We Be Worried? Design and Construction Professional Liability Q2 2022

Aon

May 2022

The COVID-19 pandemic created both public health and economic crises, resulting in a global economic slowdown. But as expected, the economy recovered quickly, and in particular the engineering and construction (E&C) industry has responded well with total construction spending peaking at an annual rate of $1.57 trillion in July 2021, some 12% higher than 2019 average levels. Read more…


From Generalists to Specialists: The Benefits of Specializing, and How Agents Can Begin Their Journey

Josh Gibbons, Vice President, Oregon Branch Manager, Chubb

May 2022

In the past, specialized market or product knowledge was helpful, but not necessary. Now, as agents increasingly find themselves in competition with others offering similar services, specialized market or product knowledge is becoming an even more important part of any producer’s career. While the benefits of specializing in a particular line of business may be apparent – from developing a niche to expanding one’s book of business – it might not be apparent where or how to begin that process. Read more…


Climate Adaptation Is a Business Opportunity—But at What Cost?

FM Global

June 2022

The Asia Pacific region is at the forefront of climate risks and could benefit tremendously from adopting climate defenses early. However, money issues could get in the way. Read more…


June 1, 2022


S&P Global Warning: Cyber Will Be Factored into Credit Ratings

Ron Borys, Senior Vice President, Alliant Specialty; Brian Dunphy, Senior Vice President, Alliant Specialty; and David Finz, First Vice President, Alliant Specialty

April  2022

Business executives already know that cyber risk is a boardroom issue and can impact shareholder value. Now, S&P Global is warning companies that it’s going to be factored into their credit worthiness as well. Alliant breaks down what this means for Directors and Officers. Listen here…


Limited Capacity, Climate Change and Valuations Further Harden the CAT Property Market

Harry Tucker, National Property Practice Leader, Amwins; Jessica Zuiker, National Assistant Property Practice Leader, Amwins; Chris Platania, Senior Vice President, Head of Actuarial Services, Amwins; Toby Colls, Managing Director, Amwins Global Risks; Lewis Jones, Senior Property Underwriter, Unicorn Underwriting, Amwins; Darron Johnston, Senior Vice President, Public Entity Property Practice Leader, Amwins; Melissa Mears, Executive Vice President, Amwins Special Risk Underwriters

May 18, 2022

We are continuing to see a hardening trend in the property market, especially in difficult geographic areas, as carriers de-risk their portfolio by limiting their exposure to high-risk perils. With the impact of 5/1 domestic reinsurance treaty renewals now being felt, we’re reiterating some key points from our recent State of the Market report and bringing you a deeper look into the current conditions of the property market. Read more…


Inflationary Pressures: Should We Be Worried? Design and Construction Professional Liability Q2 2022

Aon

May 2022

The COVID-19 pandemic created both public health and economic crises, resulting in a global economic slowdown. But as expected, the economy recovered quickly, and in particular the engineering and construction (E&C) industry has responded well with total construction spending peaking at an annual rate of $1.57 trillion in July 2021, some 12% higher than 2019 average levels. Read more…


Why Innovation Is Riskier Than Ever

Dr. Louis Gritzo, Vice President, Manager of Research, FM Global

May 2022

For all of its desirability, innovation often triggers unintended consequences. FM Global’s Dr. Louis Gritzo explains how innovation can be used safely. Read more…


Impact of the Russia/Ukraine Conflict on Construction Insurance and Risk Management Programs

Gallagher Insights

May 25, 2022

The Russia/Ukraine conflict and sanctions against Russia have disrupted global construction operations. Learn the key impacts to the construction industry, why they matter, and what you can do about them. Read more…


May 16, 2022


Russian Invasion of Ukraine & Contractor Cyber Security Risks

David Finz, First Vice President, Alliant Specialty; Steve Pierce, Executive Vice President, Alliant Specialty; and Matt Walsh, Executive Vice President, Alliant Specialty

April  2022

Businesses in the private sector have been warned to harden their cyber defenses, including construction, an industry not typically thought of as a potential target for a cyber-attack. Alliant discusses the increasing threat of ransomware and cyber-attacks on the construction industry. Listen here…


Are You Prepared for Hurricane Season?

Amwins

May 2, 2022

When it comes to hurricane losses, your clients don't have to be in the cone of uncertainty. In honor of National Hurricane Preparedness Week, Amwins is here to help ensure you and your clients are in the best position possible for safety and recovery should a hurricane strike. Read more…


Uncertainty Isn’t New but the Response May Be – Further Thoughts on the Aon Global Risk Management Survey

Aon

April 2022

We previously discussed what learning can be taken from Aon’s risk survey. Now we will discuss the response and consider if COVID has changed risk management. The question as to how to manage some of the risks identified is not straightforward. General uncertainty is prominent in the results and traditional risk management may not be enough. The answers may lie in broader scoped risk identification, but also in business continuity preparation, crisis management and general resilience planning. Read more…


Flood Resilience in a Warming World

FM Global

April 2022

Flooding has long been one of the risks that causes significant damage to organizations across the world. Watch FM Global’s Ronnie Gibson talk about steps you can take now to help stay resilient after a flood occurs. Read more…


Focusing on Workforce Engagement Won’t Retain Top Talent

David Rowlee, Managing Director, Gallagher

May 2022

Find out why it’s more important now to focus more on workforce retention than engagement. Read more…


Webinar Replay: Where Are We Today? COVID-19 and the Evolution of the PREP Act

Marsh

2021

Health care delivery continues to concentrate efforts on the many challenges presented by COVID-19 across the organization. Under the Public Readiness and Emergency Preparedness Act of 2005 (PREP Act), liability immunity is afforded to “covered persons” who provide “covered countermeasures” to protect against or treat COVID-19. There remain many questions surrounding who and what actually qualifies as covered, particularly as respects to the delivery of health care services. Read more…


May 2, 2022


How the University of Nevada, Reno, Is Investing in the Next Generation of Insurance Professionals

Karen Caterino, Senior Vice President, Alliant Specialty; Eric Seaborg, Vice President, Alliant Specialty; and David Cisneros, Director, Risk Management & Insurance Studies, University of Nevada, Reno

February  2022

Universities are investing in curriculums to help students develop knowledge for careers in risk management and insurance. Alliant sits down with David Cisneros, Director, Risk Management & Insurance Studies, to hear what the University of Nevada, Reno is doing to stay in step with the industry with its own exciting new program. Listen here…


Q2/Q3 State of the Market

Amwins

March 2022

As we enter the second quarter of 2022, we expected to see more of a slowdown of the hard market conditions than what has materialized. Even with many carriers reporting improved loss ratios and record earnings, tightening capacity and rate increases are not quite behind us. We continue to see carriers shift away from volatility as they reduce the amount of limit deployed in high hazard classes, locations and perils, as well as simply exiting classes of business. Read more…


Cyber Is a Growing Concern for Directors and Officers

Aon

April 2022

Cyber has evolved from a personally identifiable information (“PII”) risk to include business interruption risk and ransomware risk. Corporate boards and leaders must be aware that the nature of cyber risk grows and evolves quickly. Read more…


How Insurance Agencies Can Foster Greater Diversity, Equity and Inclusion

Kurt Stemmler, Senior Vice President and Branch Manager, San Francisco, Chubb; and David Rhoden, Vice President, Culture & Inclusion, Chubb

March 30, 2022

As the insurance industry evolves, greater emphasis is being placed on promoting diversity, equity and inclusion (DEI). While leveraging diversity of thought and experience can help improve business outcomes, it can also enhance the employee experience, creating a sense of community within the workplace. Read more…


Protect Complex Supply Chains from the Changing Climate: Watch The Economist’s Climate Risk North America Summit Panel Discussion

FM Global

April 2022

What steps can you take to avoid business disruption and achieve climate resilience? Hear from experts on The Economist’s Climate Risk North America Summit panel discussion. Watch here…


April 15, 2022


The Intersection of D&O Insurance and Captive Insurers

Brian Dunphy, Senior Vice President, Alliant Specialty; Steve Shappell, Executive Vice President, Alliant Specialty; and Seth Madnick, Senior Vice President, Alliant Specialty

February  2022

The amendment to the Delaware Corporation Law (Section 145 (g)) provides a potential alternative for traditional D&O insurance. Alliant discusses whether a captive is truly a D&O game changer. Listen here…


April 1, 2022


Is 2022 the Year to “Get Real” About Data Privacy Compliance?

Brian Dunphy, Senior Vice President, Alliant Specialty; and David Finz, Vice President, Alliant Specialty

February  2022

Like every year prior to 2020, the past year was another tumultuous year in the world of cyber liability. Considerable movement in the market and the cyber landscape has changed exponentially – and not for the better. Threat actors have become more sophisticated, resulting in an increase in data breaches, phishing attacks and more. Understandably, there was increased pressure put on markets from a claim perspective. Alliant discusses the ever-changing landscape in the regulatory world, both at the state and at the federal level as other states ramp up consumer data privacy protection. Listen here…


Opportunity and Risk – The Changing Nature of Accounting Firms

Aon

March 2022

Firms continue to expand their legal and advisory services, as well as make technological advancements in both their operations and client products and service offerings. For example, the Big 4 are active in advising on the digitization of healthcare, enhancing remote and data-driven care. The quantification of risk in these expanding areas is more uncertain than for more traditional services such as the audit of financial statements. The following sections highlight key trends in legal and advisory services. The impact of disruptive technologies is also discussed. Read more…


Coca-Cola Consolidated Beats Historic Flood

FM Global

April 2022

Watch how Coca-Cola Consolidated partnered with FM Global to avert a second 100-year flood in just over 10 years. View here…


The Escalating Conflict in Ukraine Raises Concerns About the Risk of Cyberattacks that Could Affect Global Organizations

John Farley, Managing Director, Cyber Practice, Gallagher; and John Doernberg, National Director, Cyber Practice, Gallagher

March 2022

The escalating conflict between Russia and Ukraine has raised concerns for the potential for cyberattacks that may impact global organizations well beyond the geographic boundaries of Eastern Europe. Read more…


March 15, 2022


The Massive Red Cross Breach: Proof a Cyber Attack Could Happen to Any Organization

David Finz, Vice President, Alliant Specialty; and Lorraine Lewis, Executive Vice President, Alliant Specialty

February  2022

The Red Cross cyber-attack resulted in a data breach affecting 515K of some of the most vulnerable people and victims of conflict. Alliant discusses the massive breach and mistakes organizations should avoid as they build out their cybersecurity programs. Listen here…


Combatting California Fires Might Mean “Wild” Insurance Ideas

Lori Hunter, Executive Vice President, Casualty, Amwins; and Lindsay Moore, Vice President, Casualty, Amwins

February 15, 2022

In 2021 more than 58,000 wildfires burned more than 7.1 million acres in the United States, according to the National Interagency Fire Center (NIFC) and, in California alone, more than 8,700 fires burned approximately 2.6 million acres, according to CAL Fire and the U.S. Forest Service. Read more…


Breaking Barriers: Law Firms’ Journey to Inclusion and the Role of Representation

Aon

March 2022

Jared Bartie, a nationally recognized sports attorney and chair of the Sports Transactions Practice at Willkie Farr & Gallagher LLP, shares his experiences of diversity, equity and inclusion in the workplace and discusses the value of representation. Read more…


Mass Electrification and Its Cruel Twist to the Climate Challenge

FM Global

March 2022

Not only is the transition to a low-carbon economy an enormous, epochal undertaking; it’s also far more complicated and harder to achieve than it initially appears. Read more…


2022 Outlooks: Prepare for New Risks & Opportunities Ahead!

HUB International

2022

Labor shortage, supply chain disruption and rising insurance costs. Our world is in constant flux with new obstacles and challenges every day. But, with the right proactive strategies to mitigate risk, 2022 brings the promise of a new day. The HUB International 2022 Outlook provides perspectives and practical advice on how to navigate 2022. Visit our industry outlooks to see the changes we anticipate in 2022. Read more…


Marsh Celebrates Its 2022 Power Broker® Winners and Finalists

Marsh

2022

2022 Power Broker® Awards: recognizing excellence in client service, creativity, and industry knowledge. Read more…


March 1, 2022


Dissecting Complex Claims with Imperium

Carleen Patterson, First Vice President, Alliant; Colin Daigle, Senior Vice President & Managing Director, Imperium Consulting; and Hunter Williams, Senior Director, Imperium Consulting

January  2022

Carleen Patterson speaks with Colin Daigle and Hunter Williams about claim preparation services and the steps public entities should take to best cover financial losses from complex claims and catastrophic events. Listen here…


Limited Wildfire Capacity Sparks Broker Creativity

Jeff Conley, Executive Vice President, Amwins Property Practice; James Hemkin, Executive Vice President, Amwins Property Practice; Justin Lehtonen, Executive Vice President, Amwins Property Practice; Ryan Telford, Executive Vice President, Amwins Property Practice; Harry Tucker, Executive Vice President, Amwins Property Practice;  Brian Donovan, Senior Vice President, Amwins Property Practice; Tim Hendrickson, Senior Vice President, Amwins Casualty; Chris Platania, Senior Vice President, Amwins Actuarial; Kris Zebratski, Senior Vice President, Amwins Access Insurance Services – Personal Lines

February 15, 2022

Wildfires are an evolving concern across the U.S. and as the frequency and severity of them rises, so do the costs of insuring property in the geographic regions. Retail agents and brokers need to set appropriate expectations with insureds about the limitations in the current market and work with clients on risk management strategies, including fire prevention efforts. Read more…


SPACs Are Growing. So Is SPAC Litigation – and It’s Impacting the D&O Market

Aon

2021

SPACs, or special purpose acquisition companies, are public investment vehicles that are created by a group of investors looking to merge with a private company to bring that company public. SPACs aren’t a new concept, having been around since the 1990s. Recently, however, there’s been a boom in interest in them. Read more…


Climate Change, ESG and Risk Manager Concerns

FM Global

March 2022

While climate reports will spark discussion as to how society will deal with climate changes, for risk managers, the challenge is how to be resilient to them —both financially and otherwise. Read more…


Insights on the Risks of Today’s Supply Chain and the Transportation Industry

Chris Demetroulis, Managing Director, Transportation, Gallagher

February 2022

Transportation & Logistics Industries Emerging and Enduring Risks 2020-2022. Read more…


February 15, 2022


How Recent Court Decisions Are Impacting M&A Litigation

Ron Borys, Senior Vice President, Alliant Specialty; Ryan Farnsworth, Senior Vice President, Alliant Specialty; Matia Marks, Director National Claims, Alliant Specialty; and Abbe Darr, Director National Claims, Alliant Specialty

January  2022

Securities class action lawsuits may have declined in 2021 compared to the number filed in 2020, but a growing trend of M&A-related lawsuits involving special purpose acquisition companies (SPACs) is on the rise. Alliant discusses the recent and upcoming court decisions impacting M&A litigation as well as the implications of D&O insurance policy language. Listen here…


Amwins Q1 2022 Pricing Guidance for Key Industries

Amwins

January 2022

The market continues to respond to the changing business landscape and as COVID lingers, supply chains struggle, and legislation necessitates adjustments for many industries, insureds will see pockets of the current hard market continue throughout First Quarter 2022. Read more…


The Enterprise Risk of Employee Mental Health and Wellbeing

Aon

The current risk to employee mental health and wellbeing is nothing less than an enterprise risk that can affect a company’s ability to sustainably achieve its business objectives. Learn more about how wellbeing can enhance business performance – but only when there is a clear strategy in place. Read more…


A Cyber Continuum: New ‘Cyber War’ Exclusion Language Raises Concerns

Marsh

February 4, 2022

This note is intended to offer analysis, insights, and ideas supporting a productive way forward for stakeholders regarding new cyber insurance policy exclusion language related to war, cyber war, cyber operations, and concerns pertaining to catastrophic risk. Read more…


February 1, 2022


Passing the Torch: Addressing the Talent Gap in Risk & Insurance

Eric Seaborg, Assistant Vice President, Alliant Specialty and Karen Caterino, Senior Vice President, Alliant Specialty

January  2022

How does the industry attract, train, and retain the next generation to pursue careers in risk and insurance? Eric Seaborg and Karen Caterino, Alliant, discuss the varied and rewarding job opportunities that are available, and how to get started with your own career growth and development. Listen here…


Retention Series - How Are Captive Insurance Premiums Determined? Helping Professional Service Firms Make Appropriate Funding Decisions for Their Captives

Aon

January 2022

For a captive to achieve lasting success it must ensure that it is adequately funded. Its managers must be able to determine the suitable insurance premiums to charge their policyholders for the coverages provided while satisfying regulatory requirements. A captive’s actuary provides captive management with claims forecasting through actuarial risk analysis – information vital for discussions of funding and for optimizing program structure. These core principles are applicable for both single parent and group captives. Read more…


In 'Going Green,' Companies Can Face Surprising Risks

FM Global 

January 2022

Like any major transformation, going greener introduces risks the business must understand, quantify and manage. Learn how to balance the risks. Read more…


Surviving The Great Resignation

Rebecca Starr, Area President, Human Resources Consulting, Gallagher; and Edward F. Barry, CPA, Area President, Human Resources Technology Consulting, Gallagher

January 2022

To retain a healthy workforce and re-build loyalty, employers must embrace change and make employees feel good about where they work. The right people strategy and technology can differentiate an employer and foster a 'Great Reset.' Read more…


January 18, 2022


Banking Regulators Adopt Rule Requiring 36 Hour Notification of Cyber Incidents

Ron Borys, Senior Vice President and Managing Director, Alliant Specialty; Ryan Farnsworth, Senior Vice President and Director, Alliant Specialty; and David Finz, Vice President, Alliant Specialty

December  2021

Recently, federal bank regulatory agencies issued the final rule requiring a banking organization to notify its primary federal regulator of any significant “computer-security incident” no later than 36 hours after the banking organization determines that a cyber incident has occurred. Alliant’s Financial R&R team discusses what plans, policies and procedures banking organizations and service providers should have in place to comply with the new requirement set to take effect on April 1, 2022. Listen here…


Ransomware Epidemic: Use These 8 Strategies to Mitigate Growing Risk

Aon

2022

Mitigating the risk of ransomware is a challenge for all businesses, large and small. Fortunately, there are effective risk mitigation strategies to prepare for the potential of a ransomware attack. Aon shares eight strategies to mitigate the growing risk. Read more…


Top 10 Articles Of The Year: Catch FM Global’s Most Popular Insights and Impacts of 2021

FM Global 

January 2022

Climate change, the COVID-19 pandemic, supply chain issues and advances in technology made an impact on 2021 and our readers. Did you catch them all? Read more...


2022 Legal Update – Employment Law & Litigation Trends

HUB International

February 2, 2022

Join HUB’s employment attorneys for our legal update webinar as they discuss employment law litigation and insurance trends for this year; regulatory changes including wage and hour, National Labor Relations Board, and the various workplace vaccination and testing rules; and recent landmark employment law cases and how they will impact 2022 and beyond. Register here…


 

January 3, 2022


OSHA Releases Its COVID Vaccination/Testing Standard — What It Means for Employers

Jonathan Gilbert, Senior Vice President & Managing Director, Alliant M&A; Daniel Balles, Lead Risk Control Consultant, Alliant M&A; and Jaclyn Frey, First Vice President, Account Executive Lead, Alliant M&A

November  2021

On November 4, 2021, the Occupational Safety and Health Administration (OSHA) issued the much-anticipated emergency temporary standard (ETS) addressing COVID-19. Alliant M&A address a few of the most common questions when it comes to what employers must do to comply with the OSHA ETS. Multiple states have filed suit against the newly announced COVID-19 vaccination and testing mandate. In response, the 5th U.S. Circuit Court of Appeals on Nov. 6 temporarily blocked the Biden administration's new coronavirus vaccine mandate for large businesses. Listen here…


Aon’s Cyber Solutions Client Alert – Malware Profile | Emotet

Aon's Cyber Solutions

2021

The Emotet malware variant first emerged in 2014 and has been further commercialized as an advanced malware loader that could be leveraged widely. Learn more about its evolution, the variant characteristics and indicators of compromise. Read more…


In ‘Going Green,’ Companies Can Face Surprising Risks

FM Global 

January 2022

Like any major transformation, going greener introduces risks the business must understand, quantify and manage. Learn how to balance the risks. Read more…


Insights on Vaccinations and Workplace Considerations from the Gallagher Better Works Insight Report

Nancy Farnam, Area Senior Vice President, Compliance Counsel, Gallagher; Ezaque Lopes, National Head of Practices, Canada, Gallagher; Rebecca Starr, Area Vice President, Human Resources Consulting, Gallagher; and LeAnne Stefl, Practice Leader, Multinational Benefits & Human Resources Consulting, Gallagher

January 2022

As pandemic-related restrictions eased at the start of summer, employers glimpsed a more open economy, and many initiated next steps for welcoming employees back to the workplace. However, with the Delta variant's arrival and a spike in positive cases, plans were foiled for a return to normal. Progress may have stalled for now, but if nothing else, change management skills are only getting stronger. Read more…