In the midst of your busy schedule, you may have missed the announcement that this is national Distracted Driving month. As far as I can tell, this does not mean we are supposed to go out and become even more distracted while driving. We surely don't need to create distractions: they are everywhere - the cell phone rings, the radio channel needs changing, oops, just spilled Dunkin on my new pants...and did someone just ding me with a text?
Cyber attacks are a major global menace and a growing issue for risk managers and insurers alike. Currently, the FBI is probing a hack of the New York Times, as well as other major U.S. media. This follows on hacks of U.S. government agencies, political organizations and is just another new front in cyber attacks. Expect the government to get more involved in fighting global cyber warfare.
Meanwhile, on the domestic front, businesses continue to be a major target of attacks. From data theft to business ransom attacks, hackers target commercial entities of all sizes and industry segments. And the cost of such attacks may be far greater than is immediately apparent. A recent Deloitte report focuses on Beneath the Surface of a cyber attack on business performance.
We are approaching Super Bowl weekend, which may or may not interest you: you may feel indifference perhaps due to the absence of the Patriots, or you may simply have no interest in this great American obsession. However you feel about the game, you may want to reflect on the career of Kenny “the snake” Stabler, star quarterback for the Oakland Raiders in the 1970s.
Will auto insurance of the future have more to do with liability than personal insurance? That's certainly the initial direction we're seeing lately with Volvo, Google and Mercedes all stepping up to assume responsibility for accidents related to autonomous technology. Paul Carroll talks about the future of auto insurance in the Beginning of the End for Car Insurance?, his recent post at Insurance Thought Leadership blog.
He makes the case that there will be little effect on insurers in ...
In his article -- Why don’t property owners have flood insurance? -- Gregory Knuffke notes that according to the National Academy of Sciences, climate change and increased coastal urbanization mean that flood damage is expected to double every decade for the rest of the century. With that being the case, he asks why less than 7% of homes and half of high-risk properties are insured against flood?
His article offers a good snapshot of the risk and the current state of flood insurance, ...