Entries by Kyle Langan

Are You Prepared for Water Damage Inside your Home or Commercial Property? Risk Data and Questions

Published on October 19th, 2023 by Kyle Langan What is the sentiment surrounding non-weather-related water damage from incidents like sudden and accidental leaks? In a sample study, 61% of consumers never heard of an automatic water shutoff device, “despite how effective they can be at reducing water damage” (Hanover, 2023). “One of the most common […]

Celebrating National Recovery Month 2023

National Recovery Month 2023 National Recovery Month (Recovery Month) is a national observance held every September to educate Americans that substance use treatment and mental health services can enable those with a mental and/or substance use disorder to live a healthy and rewarding life. Since 1989, Recovery Month has been held to promote and support […]

When is the Right Time to Mitigate Cyber Risk?

Published September 8th, 2023 by Kyle Langan Organizations should consider hedging cyber tail risk with insurance. Traditional General Liability insurance contracts do not protect entities from cyber events. Conversely, an effective way to manage this risk is purchasing a specific contract with an agreed payout for covered causes of loss. At the close of 2023 […]

Total Cost of Risk for a Treatment Provider

Article published by Kyle Langan August 25th, 2023 Executive Summary: For financial health and longevity, it is vital to understand the costs of risk and their impact on surplus or profitability. This article provides analysis on cash flow for a treatment provider. It may point out factors that typically go unmeasured at times of stress. […]

Cyber Risk Financing: Boom or Bust?

How would the cyber insurance market react to a catastrophic loss? If rare events play a disproportionately large role in determining the properties of the cyber market, one of these events could send capital providers “running for the hills” (Ayers, 2023). In its report, “Cyber Risk: On the Edge of Insurability,” Conning specifically mentions the […]