This article posted by the Insurance Journal highlights five risk management students' experience and why those chose to study insurance. With the recent industry talent crisis the author emphasizes how the industry can better attract Generation Z peers.“It’s really, really … [Read more...] about Insurance Journal 04/17/2023- Gen Z Talks Insurance
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Carolina Business Review- 4/7/2023
PBS published a video unpacking banking and financial services in North and South Carolina. The video features an executive panel on banking with James Sills, President and CEO, M&F Bank; Peter Gwaltney, President and CEO, NC Bankers Association; Fred L. Green, III, President … [Read more...] about Carolina Business Review- 4/7/2023
Co-Authored White Paper- “Hard Market Cycle Arrives”
Dr. Robert Hartwig co-authored a white paper in conjunction with the American Property Casualty Insurance Association (APCIA) on inflation, natural disasters and the strained property insurance markets. Read the entire paper below. … [Read more...] about Co-Authored White Paper- “Hard Market Cycle Arrives”
Leader’s Edge Magazine 3/12/22- Prickly Peril
Few insurance markets have experienced as much upheaval in the last few years as cyber. Longtime industry observers agree with this nightmarish possibility. “There’s no question the potential for truly catastrophic cyber losses will rival the largest natural disasters in history, … [Read more...] about Leader’s Edge Magazine 3/12/22- Prickly Peril
Marketplace 03/05/2023- Hurricane Risk Will Grow in the Coming Decades, Report Warns
It’s been five months since Hurricane Ian slammed into southwest Florida. More than 150 people died in the storm and its aftermath, and the National Oceanic and Atmospheric Administration estimates the damage from high winds, storm surge and flooding at nearly $113 billion … [Read more...] about Marketplace 03/05/2023- Hurricane Risk Will Grow in the Coming Decades, Report Warns
Business Insurance 03/05/2023- Ohio Train Derailment Puts Focus on Railroad Insurance, Risk Management
The attached article posted by the Business Insurance Magazine focuses on the Feb. 3 derailment and chemical spill involving a freight train carrying hazardous materials operated by Norfolk Southern Corp. in East Palestine, Ohio, the event is likely to trigger claims on a … [Read more...] about Business Insurance 03/05/2023- Ohio Train Derailment Puts Focus on Railroad Insurance, Risk Management
Insurance Journal 2/21/23- Young Voices Reflect on Industry Talent Crisis
This article posted by the Insurance Journal addresses the current talent crisis that many insurance companies and industry professionals are predicting or currently facing. Many industries had baby boomers who aged in place over the past couple of decades and are now retiring en … [Read more...] about Insurance Journal 2/21/23- Young Voices Reflect on Industry Talent Crisis
It’s Not Just the Weather: The Man-Made Crises Roiling Property Insurance Markets
Dr. Robert Hartwig co-authored a paper titled "It's Not Just The Weather" discussing how the tragedies from Hurricane Andrew led to positive community safety innovations through modern building codes and enhanced regional mitigation initiatives. However, thirty years later, there … [Read more...] about It’s Not Just the Weather: The Man-Made Crises Roiling Property Insurance Markets
RG MAGS 7/27/2022- Thirty Years After Andrew, Florida is in Insurance Crisis Again
Thirty years ago, the Category 5 storm, Hurricane Andrew, caused damage on a previously uncontemplated scale. The storm rendered 11 US insurers insolvent and resulted in a fundamental change in how catastrophic risk was insured. Rates for insurance premiums tripled as insurers … [Read more...] about RG MAGS 7/27/2022- Thirty Years After Andrew, Florida is in Insurance Crisis Again
NOLA.COM 7/20/22- Louisiana Bailout Program for Failed Insurers Wants $600 Million to Cover Losses
Dr. Robert Hartwig was featured on Nola.com discussing his viewpoint of Louisiana's bailout program for failed insurers. Facing a huge and growing number of unpaid claims left by failed insurance companies, a state-chartered bailout program that ensures policyholders do not get … [Read more...] about NOLA.COM 7/20/22- Louisiana Bailout Program for Failed Insurers Wants $600 Million to Cover Losses