Kennedys’ Post

https://lnkd.in/ef4Q4PZ2 The ACRSM is a Federal advisory committee of insurance industry representatives established in 2015 to provide advice and recommendations to the Federal Insurance Office (FIO) with respect to (1) the creation and development of non-governmental, private market risk-sharing mechanisms for protection against losses arising from acts of terrorism; and (2) FIO's administration of the Terrorism Risk Insurance Program.

Check out this month's insurance update! One of our articles talks about how changes in the climate and weather impacts insurance companies and what they can do to respond.

#KGLawFirm’s Insurance team has contributed to the Greek chapter of the annual GILC Risk Radar report for May 2024. This comprehensive report, featuring insights from 27 countries, highlights key issues impacting the global insurance market. Our team explored critical topics affecting #Greece, including the impact of natural disasters, mandatory insurance for emerging risks, and the role of #AI in combating insurance fraud. Discover the full report for comprehensive insights: https://shorturl.at/fe53Z #Insurance #GlobalInsuranceLawConnect #LegalTrends #RiskRadar #InsuranceLaw

Are you an insurance adjuster in #Florida grappling with property ownership transparency, especially in the face of potential insurance frauds? The newly passed SB 264 bill could be a game changer! Aimed at #transparency and control in real estate transactions by foreign entities, it may ease property-related investigations and minimize fraud. But how will it impact the insurance demand and pricing, given the potential changes in real estate dynamics? The nuances can be mind-boggling. As experts in adjusting, we have the answers to your lingering questions. Let's unravel the implications of this new law together, strategize to make the most of it, & strengthen our fight against fraud. Reach out today! #InsuranceAdjusters #RealEstate #PropertyInsurance #SB264 #InsuranceFraudPrevention

Parametric insurance contracts are revolutionizing the insurance industry, offering a dynamic approach to risk management beyond traditional indemnity coverage. As WTW's Derrick Easton notes, we are beginning to see more large corporations in natural catastrophe-prone areas use parametric insurance programs to complement what they may insure in the normal property market. From safeguarding against natural disasters to mitigating cyber threats and protecting vital natural resources, these contracts provide swift payouts based on objective triggers, ensuring rapid financial assistance in times of need. As the global landscape evolves, adopting parametric insurance represents a proactive step towards resilience and sustainability in the face of emerging risks. Read more in the April 2024 issue of Best’s Review from AM Best. https://ow.ly/LXPS50R58Wc #WTW #ParametricInsurance #NaturalCatastrophes #AlternativeRisk #riskmanagement

Parametric insurance contracts are revolutionizing the insurance industry, offering a dynamic approach to risk management beyond traditional indemnity coverage. As WTW's Derrick Easton notes, we are beginning to see more large corporations in natural catastrophe-prone areas use parametric insurance programs to complement what they may insure in the normal property market. From safeguarding against natural disasters to mitigating cyber threats and protecting vital natural resources, these contracts provide swift payouts based on objective triggers, ensuring rapid financial assistance in times of need. As the global landscape evolves, adopting parametric insurance represents a proactive step towards resilience and sustainability in the face of emerging risks. Read more in the April 2024 issue of Best’s Review from AM Best. https://ow.ly/LXPS50R58Wc #WTW #ParametricInsurance #NaturalCatastrophes #AlternativeRisk

Is your business armor strong enough? 💼🛡 Dive into our latest blog 'How Comprehensive Insurance Strategies Protect Your Business Assets' to fortify your enterprise against unexpected threats. Click to learn the secrets to safeguarding your hard-earned assets. #BusinessInsurance #AssetProtection https://wix.to/7ldLjp0

Since Centinel’s launch, the demand for #parametric risk solutions has only continued to grow. It’s great to see the increasing recognition of how parametric solutions can help plug the ever-widening gap in accessible risk coverage. With the upcoming release of our parametric power outage coverage, Centinel is ready to step into the gap and help make hard-to-insure risks coverable! #fintech #insurtech #insurance #energy #risk

Martyn's Law makes it statutory duty for owners and operators to protect the public from terrorist attacks in publicly accessible locations - Clear Insurance Management has more details. Read more here ⤵️ https://lnkd.in/e-aFDcwd #BusinessNews #Northamptonshire #ProfessionalServices #News

2023 loss ratios for the terrorism and political violence insurance market were much lower than recent years, but several geopolitical and socio-economic concerns are on insurers' radar https://lnkd.in/eTVmhmPY See our 2024 Insurance Marketplace Realities Report #GeopoliticalRisk #geopolitics #ASmarterWayToRisk #WTWPerspective