Emerging Risks: What's the Next Asbestos?

Asbestos to date has triggered losses of $100 billion for the insurance industry—and the losses are expected to mount. In short, it is the most expensive lesson learned for the industry in decades. ...

How Insurers and Reinsurers Can Proactively Manage Weather-Related Claims

Insurers handle and pay out millions of weather-related claims each year on homes, businesses, and automobiles. The bulk of these claims result from wind and hail damage caused by severe convective ...

Potential Flood of Flood Insurance Lawsuits Looming

Everyone in the insurance industry knows that the National Flood Insurance Program is on its deathbed, notwithstanding the recently passed extension, and many are prepared to step in. Insurers are ...

Creating Frankenstein's Monster: Lessons in Insurance Innovation and Risk

Of course, it was George's idea and for once not one of his famously mad, bad and dangerous ones. Stuck indoors in the "summer of darkness"—the wettest, coldest June on record, the impact on Lake ...

Meet CM's Guest Editor: Karen Morris

For the Sept/Oct edition of Carrier Management, we welcome Karen Morris as a guest editor of our features about Future Trends and Emerging Risks. Morris is a strategic adviser specializing in all ...

How to Stay Ahead of Emerging Risks: Q&A With Kelly Lyles

Kelly Lyles is Chief Executive Client and Country Management at XL Catlin (now AXA XL), with responsibility for managing XL Catlin's insurance presence around the world. Her role includes leading ...

Innovating Terror Risk Transfer: A Conversation With Pool Re's CEO

In a year in which the U.K. government-backed terrorism reinsurer is celebrating its 25th anniversary, the chief executive of Pool Re, Julian Enoizi, had a conversation with Carrier Management Guest ...

Write Here, Right Now: How AI Can Amplify Your Business Results

Here's something we typically hear from frustrated underwriting managers: • "We bind around 12 percent of our submissions, but our underwriters review 100 percent of ...

The P/C Insurance Industry's #MeToo Moments: Part 1 of a Series

Countless women have faced sexual harassment in the workplace over generations. The scope of the problem gained significant attention in the last year with the #MeToo movement, which itself has led ...

Using Technology to Reduce Discovery Costs

Civil litigation is expensive in the United States. A plaintiff can file a suit based on evidence it knows or assumes will be in the defendant's files. To access that evidence, parties must ...

PartnerRe Celebrates Its First 25 Years—When Everything and Nothing Has Changed

During PartnerRe's first 25 years as a reinsurer, everything has changed and nothing has changed. From its roots as a pure catastrophe player, PartnerRe has dramatically evolved—or ...

Insurers Tap Satellite to Monitor Property Changes, Fraud

After last year's three-hurricane punch, several U.S. agencies issued disaster fraud alerts. But the government isn't the only target of scammers after weather-related catastrophes. Property/casualty ...

Technology, Trust and Ethics: An Actionable Governance Toolkit for a Disruptive Time

The Fourth Industrial Revolution has ushered in a brave new world few of us can begin to fathom— including those who fancy themselves cutting-edge techno-geeks, super experts and digital business ...

Unblocked by the Chain, Smart Ledger Systems Are 'The Thing' to Insure

The swollen tide of cryptocurrency mania appears to be receding, leaving perhaps the firmer ground of blockchain behind. But blockchain tides are also turning. Blockchains are slow, expensive and ...

Compassion and Insurance

A recent visit to the Hiroshima Peace Memorial Museum brought home forcefully that we live in dangerous times—times that demand new ways of being and doing. Sober, quiet, discomforted by more than ...

A CEO Needs to Be Authentic, Optimistic and Resilient: PartnerRe's Clarke

When PartnerRe acquired SAFR in 1997, it expanded its scope of business, moving quickly from being a monoline catastrophe reinsurer to a multiline company. Along with that purchase came PartnerRe's ...

Political Risk on the Rise: Risk Management in the Age of Artificial Intelligence

While the work of risk management has changed dramatically over the past decade, plan for the pace of change to get more and more frenetic as artificial intelligence takes hold in the operations of ...

How Institutional Clients Have Improved the Practice of Law

For attorneys representing institutional clients such as insurance companies and larger corporations, the billing excesses depicted in novels and films like "The Firm" and the golden days of ...

Editor's Letter: Reflections on the Year Without a Summer

It wasn't until mid-July this year that I had ever heard the term "lava bomb" or thought about the prospect of a Category 6 hurricane. But both were in the news around the time I read about another ...

Berkley Stresses Consistent Values; Cultures Can Vary

When W.R. Berkley Corp. announced the launch of Berkley Cyber Risk Solutions in late 2016, it was almost two decades after the first cyber insurance policy was written. But there are good reasons the ...

ALI Restatement Brings Change and Uncertainty for Carriers

The American Law Institute (ALI) is the preeminent independent legal organization in the United States producing scholarly work in the legal field, including the Restatements of Law. The ALI entered ...