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
Uncategorized
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
AM Best TV 10/28/2021- APCIA: Insurers Should Not Be Liable for Pandemic BI Losses, Now or Ever
Dr. Robert Hartwig was featured in AM Best TV's newsletter with Robert Gordon, senior vice president of APCIA, to discuss their white paper on pandemic economic losses amid plunging demand for services. Click here to watch the video featuring Dr. Hartwig, and click here to view … [Read more...] about AM Best TV 10/28/2021- APCIA: Insurers Should Not Be Liable for Pandemic BI Losses, Now or Ever
Moore Magazine 2020 Issue- “Weathering the Storm”
Dr. Robert Hartwig and Dr. Ai He, a finance professor, were both quoted in the 2020 issue of the Darla Moore School of Business’ Moore Magazine. They are featured on pages 20-22 in an article, "Weathering the Storm," about research on natural disasters having lasting impacts on … [Read more...] about Moore Magazine 2020 Issue- “Weathering the Storm”
Darla Moore School of Business Website 12/21/2020- Risk management and insurance program named the fourth largest in U.S.
The Moore School of Business' RMI program was named the fourth largest risk management and insurance school in the U.S. by Business Insurance, as mentioned in a previous post. This accomplishment was highlighted on the Darla Moore School of Business website. “The Moore School’s … [Read more...] about Darla Moore School of Business Website 12/21/2020- Risk management and insurance program named the fourth largest in U.S.