Entries by Julie Ward

Starbucks benefits from their D&O in DEI lawsuit

Published September 2nd, 2022, by Kyle Langan Starbucks Corp executives and directors have been sued over the entity’s efforts to promote diversity. The plaintiff, a Starbucks shareholder, alleges that these efforts insinuate racial discrimination because corporate policies require the company to make race-based decisions that benefit minorities and violate federal and state civil rights laws. […]

Advantages and Disadvantages of Captive Insurance

What is a captive? “Captives are a form of alternative risk transfer. Commonly, they utilize a hybrid risk financing structure, meaning they both retain and transfer risk. A captive insurer is a subsidiary formed to insure the loss exposures of its parent company and the parent’s affiliates. Its primary purpose is to reduce the parent’s […]

Advantages and Disadvantages of Captive Insurance

What is a captive? “Captives are a form of alternative risk transfer. Commonly, they utilize a hybrid risk financing structure, meaning they both retain and transfer risk. A captive insurer is a subsidiary formed to insure the loss exposures of its parent company and the parent’s affiliates. Its primary purpose is to reduce the parent’s […]

What you may not have considered in a hyperinflationary environment

Published July 11th, 2022 by Kyle Langan Has your insurance broker reviewed your replacement cost valuations recently? If not, you need to take action. Walmart Distribution Center – March, 2022 Insureds commonly underreport values and it can have devastating results when a catastrophic (cat) loss arises. [1] A recent example of a cat loss is […]

State of the Market: 2022’s Second Quarter Underway

Property and Casualty Property and casualty insurances’ hard markets are poised to continue as the first quarter of 2022 is now behind us. “Even with many carriers reporting improved loss ratios and record earnings, tightening capacity and rate increases are not quite behind us” (Amwins, 2022). Carriers continue to de-risk their portfolio by limiting their […]

Defense Guide: Cyber Threats Spiked 70% in 2021

Ransomware payments by victims spiked 70 percent YoY in 2021; ransomware continues to hammer healthcare and education, but all industries are at risk (Holdeman, 2022). “Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid” (Oxford). It is one of the many cyber […]

Total Cost of Risk (TCOR): Are you measuring it?

Published February 25th, 2022 by Kyle Langan Focus of TCOR: Profitability It is vital for the financial health and longevity of an entity to account for, and understand the effect of all expenses on its profitability. Companies may assume they understand and measure their expenses and profitability correctly, right?  This is commonly untrue. Learn How […]

COVID Court: Lakers’ Split Decision

Published March 30th, 2022 by Kyle Langan LA Lakers vs. Chubb In 2021, the Lakers sued Federal Insurance Co., a Chubb subsidiary. The team alleged losses in the tens of millions ($) in revenue due to closure of the Staples Center in March 2020 resulting from COVID stay-at-home orders issued by LA and California (Ayers, […]

Caution: Climate Risk in California

Published December 17th, 2021 by Kyle Langan Although Southern California is famous for its mild winters, it does face unique risks of flooding, wind damage, and rain. This risk can lead to landslide and or infiltration from the outside to the inside of buildings.  Let’s first identify the root cause of why the upcoming winter […]

Global Climate Change Causing Increased Fire Risk

Published January 14th, 2022 by Kyle Langan Recent Wildfires Recent wildfires in Colorado and California highlight concerning macro issues regarding climate change. According to NASA, 90 percent of biomass burning is human instigated; this contradicts a common perception that most wildfires are caused by acts of nature, such as lightning. [1] According to Dr. Joel Levine, […]