Tips for Risk Managers from the Property Risk Manager of Gotham City

Risk management tips from the property risk manager of Gotham City

by Prudence Shields Greetings, fellow guardians of property and prosperity! As the property risk manager of Gotham City, I know firsthand how protecting one’s beloved burg from significant loss can feel like a heroic task. Over the years, I’ve learned a thing or two about effective property risk mitigation, and today I’d like to share […]

New Year’s Resolutions for Your Property Data

New Year's Resolutions for Property Data

With 2024 on the doorstep, our thoughts inevitably turn to New Year’s resolutions. Sure, the standard pledges to improve fitness or reduce clutter are a positive way to start the year. But this year, why not do something a little different… and resolve to improve your property data? Here at Centurisk, we’ve made it easy […]

The Hot Details on Fire Resistive Construction & Other ISO Classifications

fire resistive construction

With wildfires blazing across North America, and property owners fearing for their families, homes and businesses, having the right insurance coverage before disaster strikes takes on a whole new level of importance. How fire-resistive is your property? For property managers, reinsurers and risk pools, knowing your fire-resistance class and having the right ISO classifications  data […]

Six Trends in Risk Management and Insurance for 2023

Effectively mediating risk doesn’t happen in a vacuum. It involves keeping an ever-watchful eye on market change and knowing the right method and moment to change with it. At Centurisk, we’re always looking ahead for risk and insurance trends, to help our customers protect their interests from fluctuations and better curtail the pain and drama […]

Top Takeaways in Property Risk and Exposures from RIMS 2023

takeaways on property risk and exposures from RIMS 2023

 If you missed last week’s RIMS (the risk management society®) conference in Atlanta, Georgia, or maybe just missed some sessions, here are a few of our team’s top takeaways from the sessions they attended: A hard market is here to stay (for a while) Often, when we experience an increase in the frequency and severity […]

5 Ways Risk Management Software Can Help Your University

ways risk management software helps your university

University risk management departments are all about the details. Whether it’s dealing with insurance incidents and claims, Workers’ compensation, property insurance and loss, or vehicle management, it’s the university’s goal to harness those details to analyze, mitigate, and monitor risk. And that’s where the right risk management software can be a game-changer. A strong risk […]

Replacement Costs vs Reproduction Costs for Appraising Historic Property

insurance appraisal for historic property construction on building

by Gary Tate, Property Appraisal Quality Manager When you’re insuring a historic property, you’re likely to face questions you wouldn’t encounter with more modern buildings. One of the biggest of these is whether you insure the building for replacement costs or reproduction costs. But before we dive into that, first let’s talk about what constitutes […]

The Value of Property Insurance Appraisals

Every organization is exposed to a variety of risks. This includes the potential for damage from events like fires or windstorms, making it important to be prepared. Property appraisals that provide accurate insurable values and detailed exposure data can help reduce the impact felt by a risk occurrence and increase the resilience of your operation. […]

How to Succeed in a Challenging Reinsurance Market

how to succeed in a challenging reinsurance market

Today’s reinsurance market is riddled with unexpected pitfalls, putting unprepared organizations at risk for significant loss. This shift was spawned by a combination of factors, including an uptick in catastrophic weather events, changes to the way reinsurance carriers manage their portfolios, worldwide inflation, and economic fluctuations. Fortunately, wise risk pool members and other organizations can […]

Reducing Your Risk Exposure on Historic Properties

reducing risk exposure on historic properties

Historic properties stand as an important reminder of, and glimpse into, bygone days. But maintaining these structures may present some challenges that leave you longing for a user-friendly time machine to hire some talented craftsmen from the past. Federal rules, like the Standards for the Treatment of Historic Properties, mean you can’t simply tear down, replace, […]