Help Prevent the Deobligation of FEMA Funds with the Right Documentation
The key to loss recovery funding is: “Documentation, documentation, documentation!” Think about it as building a case for your loss. In order to prove your case, you’ll need evidence, and that means for both pre- and post-loss. Below are five types of documentation we suggest your organization maintain to help ensure that funding obligated through […]
Catastrophe Modeling (CAT Modeling): A Benchmark for Determining Risk
Increasingly, complex software programs for catastrophe (CAT) modeling are serving as a benchmark for insurers to determine risk across various geographical areas of the United States. While not all property and casualty insurers initially rushed to adopt this approach, dramatic rises in loss estimates and other challenges led to catastrophe modeling’s rapid, widespread adoption. As […]
Property Risk Management at the Movies
If life were a movie, risk managers would have to plan accordingly. Here are a few movies to challenge the skills, nerves, and patience of even the best property risk managers. Ghostbusters The scene: In 1984, director Ivan Reitman introduced the world to the Ghostbusters, the paranormal investigators and eliminators who work to save New York […]
Three Common Post-Loss Property Liability Insurance Challenges
Regardless of size or location, every organization is exposed to risk which is why the role of risk manager is so important. Risk managers are tasked with the challenge of identifying and analyzing potential risks as well as implementing procedures to minimize their impact. In the best-case scenario, the occurrence of a risk event does […]