Published June 20th, 2023 by Kyle Langan Running a business involves speculative risk. A successful strategy brings an expectation of positive returns, while carrying a small but significant risk of catastrophic losses. On April 20, 2010, “the inherent risks of decades of inadequate regulation, insufficient investment, and incomplete planning were realized in tragic fashion.”  […]
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By Tri Phan, CPCU, ARM Wildfires are unplanned, uncontrolled, and unpredictable fires that result, typically, from either lightning strikes or human causes. According to the U.S. Department of the Interior, Bureau of Land Management, on average, 80% of all wildland fires on Bureau of Land Management-managed lands are caused by humans (Myslivy 2022). Further, 16% […]
Fire Season Expectations AccuWeather’s recently released a 2023 US Wildfire Forecast, which included data and analysis on 2023’s season. Forecasts expect this fire season to fall in line with average, with increased exposure in a few hot spots.  California Peak wildfire season should occur from August into September in Northern California; for those in […]
Edited March 15th, 2023 by Kyle Langan In December 2021, Conrey published an article about Sierra storm systems and the benefit to California’s then struggling mountain snowpack. Without these storms, a resulting decrease in the extent of alpine tundra ecosystems could have threatened wildlife. At the start of February 2022, we revisited this prediction when […]
Published on February 14th, 2022, by Kyle Langan Jury’s award: A jury in Philadelphia awarded former NFL player Chris Maragos $43.5 million after he sued the medical team in charge of treating a knee injury from his time playing as a Philadelphia Eagle.  “Maragos accused orthopedic surgeon James Bradley and Rothman Orthopaedics of neglecting […]
Storms Return A year ago, our team highlighted the powerful December 2021 storm system along the West Coast as it dropped heavy snow in the mountains of the Sierra Nevada, and the Cascade Range (Leonard, 2021). The storm systems were excellent news for the drought-plagued region and its struggling mountain snowpack; without it, a resulting […]
Conduct diligent inspections of your commercial property and the surrounding area for specific exposures to loss.  Analyze exposures to natural disaster. If property is located in a disaster-prone area, implement mitigation and response measures that will protect it.  Conduct accurate Insurance-To-Value calculations to remain fully protected when loss events occur.  Why? Natural […]
It is a sign of tough times when even the insurance companies are struggling. Inflation is driving up auto insurance losses and combined ratios. The amplified insurance claims have inflated at an even faster pace than the Consumer Price Index (CPI) and the premiums charged by carriers.  According to the American Property Casualty Insurance […]
Around this time last year, our team predicted Directors and Officers Liability Insurance (D&O) price increases trending downwards towards flat renewals. Read it here As 2022 winds to a close, the decreases are coming to fruition. According to Aon’s latest D&O Pricing Index, the average price per million in limits for D&O insurance fell for […]
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