The annual cost of hail damage in the U.S. has surpassed $22 billion a year. Hail inflicts serious damage to homes, cars, crops, and people. It’s common for storms to produce hail the size of baseballs. At impact, these baseball-sized chunks of ice are moving at anywhere from 80 to 110 mph. When you imagine […]
“Meteorologists have reported more tropical storm activity than usual.” Hurricane Harvey recently hit South Texas and Louisiana, causing mass flooding and an unprecedented $190 billion in possible damage. Hurricane Irma, which is expected to hit Florida in the coming days, is reported to be the second strongest Atlantic hurricane in history (second only to Hurricane […]
The security picture just keeps getting worse for businesses as cybercriminals resort to ever-more devious means to extort businesses with ransomware and steal valuable data to sell on the black market. As the security blog Ride the Lightning reported, the 2017 IBM X-Force Threat Intelligence Index found that records compromised surged 566 percent from 600 […]
A crucial component to any winterizing plan is having the necessary CAT property insurance coverage to provide peace of mind following a destructive blizzard.
Brokers and agents providing casualty or professional liability insurance for manufacturers should work hand in hand with these companies to ensure executives and managers are implementing the right emergency response strategies to mitigate exposure to risks.