Despite rising rates, commercial automobile lags the overall commercial lines group and continues to under perform the Property/Casualty market as a whole, according to a recent market segment report by A.M. Best.
Do you think the world is getting riskier or no? That question was asked to more than 1,000 business executives and more than 1,000 consumers in The 2017 Travelers Risk Index. Travelers conducts the survey annually to take the pulse of how both businesses and consumers perceive risks and what steps they take to mitigate them.
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.