Entries by Julie Ward

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 […]

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, […]

TRAGEDY PREVENTION: Surfside Condo Collapse

Published November 29th, 2021 by Kyle Langan Within the walls of the beachfront condominium development, Champlain Towers South, abundant cracking and crumbling on columns, beams, and walls of the parking garage existed.   In 2018, a hired engineer warned of major structural damage to concrete slab below the building’s pool deck.  So, how did this not get […]

What is Your Strategy for this Overlooked Liability Protection?

Published October 1st, 2021 by Kyle Langan Negligent actions or inactions of a company’s officers or board of directors resulted in record high settlements in 2020. Private companies are at risk – not just publicly traded firms. Example: A wrongful act results in the individuals who serve as directors and officers being sued for the […]

How a Proactive Risk Control Strategy Reduces Losses

Published September 2nd by Kyle Langan HURRICANE IDA is commanding many of the current headlines and updates in the news. Preliminary loss estimates from the storm are approaching $25 billion in New Orleans, LA.[1] Why should catastrophic events matter to you? One important reason is controlling the risk your most cherished asset faces. For most […]

Biden’s Executive Order on Promoting Competition in the American Economy

The American economy is finally recovering after more than a year of stagnation due to the COVID-19 pandemic. President Joe Biden’s administration wants to continue this momentum and further stimulate the economy. To help in that effort, President Biden recently signed an executive order aimed at increasing competition among businesses. This article provides an overview […]