The complexities of insuring some of businesses’ most complicated risks
This post was contributed by David Anderson, Senior Vice President, Global Business Development
Is it possible for risks to be uninsurable?
Earlier this month, our friends at Risk & Insurance answered yes. In their article, Top Five Uninsurable Risks, the top five — reputational risk, regulatory risk, trade secret risk, political risk, and pandemic risk, have complexities and nuances that, according to the article, make it impossible for risk managers to find total coverage.
This sparked an internal discussion at Zurich surrounding political risk.
By now, I’m sure we’ve all heard about the latest private celebrity photos to hit the internet.
This time, according to Gawker, the iCloud accounts of A-listers Jennifer Lawrence, Avril Lavigne, Kate Upton, Lea Michelle, and McKayla Maroney, among others, were allegedly hacked. Hackers allegedly stole hundreds of revealing photos from the stars’ iPhones and other personal Apple devices through the iCloud.
Join our webinar and examine the issues facing hospital risk managers and loss control specialists in a challenging and rapidly changing environment. A panel of experts also will share their insights and offer innovative ideas for addressing the most pressing concerns.
Today’s real estate industry is under siege. Multiple issues threaten to reduce profitability. Sometime owners fail to pay as agreed, leaving real estate companies few options other than contract litigation.
What the recent Ebola outbreak and other pandemics can teach us about protecting ourselves and our businesses
Since it was first discovered in early March, the Ebola outbreak in West Africa has reportedly taken 1,546 lives and infected about 3,052 others — a number that is likely to grow rapidly as affected countries (Guinea, Liberia, Nigeria and Sierra Leone) struggle to contain the disease, according to the World Health Organization’s website.
While the disease has moved to other countries (two U.S. cases, and others in the Middle East), the virus has mainly been contained to one continent.
But, this latest outbreak has raised some important questions for travelers, the healthcare industry, travel-related services, and any businesses with operations or workers in affected areas because of the potential for the disease to spread.
The summit, which has taken place each year since 2012, focused on providing participants with disaster planning tools and resources to keep essential operations running and coordinate relief efforts following a disaster. In other words, to help keep communities and businesses up and running when a tornado, hurricane, or earthquake occurs.
Attendees included disaster teams from various major companies as well as police and fire teams, and representatives from FEMA, among others.
Mike Foley, a Zurich CEO, spoke about the importance of the summit in the opening address.
So many participants had great notes and tips to share this year that we felt the need to share them with you. Take a look at a few of our favorite tips from this year’s Disaster Preparedness Summit:
In July, Amazon announced the launch of an online store for 3-D printed items to allow consumers to customize and personalize over 200 items like dolls, jewelry, and cookie cutters, to name a few.
“The introduction of our 3-D printed products store suggests the beginnings of a shift in online retail that manufacturing can be more nimble to provide an immersive customer experience. Sellers, in alignment with designers and manufacturers, can offer more dynamic inventory for customer to personalize and truly make their own,” said Amazon’s Petra Schindler-Carter in a statement.
A shift indeed, has taken place. Not only is it allowing consumers to personalize products, it’s allowing them to create and sell them. Today, it has become possible for anyone to buy and use 3-D printing to create food, shoes, organs, almost anything. That, along with the added incentive to bring products to market in a fraction of the time, has become extremely attractive to the manufacturing industry.
Don’t become a victim of identity theft. Learn what to look for.
When it comes to identity theft, your credit card isn’t the only item at risk.
According to the Insurance Information Institute, “More than 9 million consumer fraud and identity theft complaints have been filed with federal, state and local law enforcement agencies and private organizations over the five years 2009 to 2013.”
It’s everywhere and in every industry.
But, many industries have chosen to confront this issue head on — like the automotive industry.