risk management News

Business News: Hi Marley, Cambridge Mobile Telematics, Triple-I and The Institutes

Hi Marley Raises $8M in Funding Round Hi Marley, a chatbot designed for the insurance industry, announced that it raised $8 million from investors, bringing total financing for the company to $18.6 million. The Boston based insurtech said the new …

Report Highlights Risks For Container Ships in Wadden Sea

THE HAGUE, Netherlands — A Dutch safety watchdog said Thursday that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands, Germany and Denmark in heavy …

RIMS Speakers Offer Guidance on Preparing for Disaster

BOSTON — Preparing for the unthinkable requires a lot thought. Risk management professionals on Monday cautioned audiences of the myriad pitfalls in planning for catastrophes during the Risk & Insurance Management Society’s annual conference at the Boston Convention and Exhibition …

3-D Images, Surveillance Cameras Touted as Truth-Tellers for Claims Adjusters

The physician couldn’t tell what was causing the smudge on a CT scan of his wife’s lungs, so he referred her to a pulmonologist. That would likely have meant a two-week delay. Instead of waiting, Jorey Chernett, chief executive officer …

Top Sports Broker Says Risk Management Is the Answer to Football’s Insurance Problem

ESPN ran an in-depth report recently about insurers being unwilling to cover the National Football League (NFL) for general liability and workers’ compensation due to concerns over player concussions and traumatic brain injuries. According to the ESPN report, Pop Warner …

Tracking Construction Worker Safety a Group Effort

Maintaining the safety of workers on a six-story job that spans 60,000 square feet is a daunting task, and a concern for not only the construction firm but also its insurer. A recently announced collaboration between Travelers, Gilbane, a large …

Audit Finds Portland Safety Practices Need to Improve

An audit recommends the city of Portland improve the way it promotes safety after it was hit with more than $18 million in legal payouts from 2012 to 2016. Cases against the Oregon city included workers getting injured, city vehicles …

Engagement, Good Goals Aid in Creating Safety Culture

A team environment among all levels of staff that adheres to the same safety procedures and practices must be in place in order to create a safety culture that will prevent workplace accidents and injuries, said Vik Ramaswamy, risk control …

Chubb: U.S. Chemical Firms Expanding Abroad See Heightened Risk

Foreign risk management challenges will be a growing concern for chemical firms, according to Ernie Salas, vice president, Specialty Casualty & Construction, Chubb. By 2019, the U.S. is expected to run a $77 billion trade surplus in chemicals, according to …

The Changing Landscape of Business Interruption Claims

The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a webinar hosted by Marsh, insurance experts detailed the top five issues related to business interruption …