At the Verisk Insurance Solutions 2013 Risk Symposium next month, Jason Trigg, CEO of the Cardinal Group, and I will discuss cargo and retail theft, the implications for insurers, and how best to prevent those losses. In 2012, transportation and logistics companies reported nearly 1,200 cargo thefts to CargoNet®. And for retailers, shrink remains a [...]
risk management
The second quarter is off to a great start, with more than $3 billion in catastrophe bonds announced or completed so far. And as the insurance and reinsurance industry prepares for hurricane season, the momentum should continue. Yet issuance volume is only part of what has made the catastrophe bond market interesting this year. A [...]
While the only things certain in life may be, according to the old saying, death and taxes, Medicare Secondary Payer (MSP) compliance might be another reasonable item on that list for those in insurance claims processing. Happily, though, compliance needn’t be as vexing as the first two. In this web seminar, Mark Popolozio — our [...]
A lot has changed in only a few weeks. After a slower than expected start in the first quarter, the catastrophe bond market has gained momentum quickly. If the current announced transactions close without upsizing, year-to-date issuance will reach $2.5 billion, according to data in the Artemis Deal Directory, with $1.7 billion of it coming [...]
According to Artemis, Aon Benfield has forecast $4 billion in catastrophe bond issuance activity by the end of June. If that happens, 2013 will have become the most active first half in the history of the market. So far, 2007’s first half boasts the largest issuance, with more than $3.7 billion, thanks in large part [...]
Supply chain risks are having a profound effect and becoming more costly, according to a report by Deloitte, The Ripple Effect: How Manufacturing and Retail Executives View the Growing Challenge of Supply Chain Risk. Among the many factors that transportation and logistics companies face, cargo theft is both common and preventable. In Deloitte’s survey of [...]
