article thumbnail

Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. Inflation and supply chain constraints led to higher costs of goods sold, including both raw materials and transportation/freight costs.

article thumbnail

Identifying and Preventing Provider Fraud in Workers Comp Cases

Risk Management Monitor

In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums. Workers compensation insurance provider fraud has become a multi-billion-dollar industry that is bad for business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Your Community Prepared for Flooding?

CCEM Strategies

Recovering from flooding can be challenging, particularly as insurance coverage may be limited, extraordinarily costly, or unavailable depending on the type of flooding (i.e., Once flood waters arrive, normal routes of transportation and emergency responders may not be available. sewer backup versus overland flooding).

article thumbnail

Covid-19: Elements of a Scenario

Emergency Planning

International Air Transport Association, Geneva, 14 pp. Thus, the vulnerability and fragility of people and society need to be seen in the light of socio-economic changes induced by the epidemic. Here is how I would classify the impacts and challenges. This is intended as the basis for possible scenarios of the outcome of the pandemic.

Pandemic 130
article thumbnail

Opening the eyes of the machine: Computer vision with AutoML (Part 1)

Advancing Analytics

Auto-insurer Tokio Marine use computer vision system for examining damaged vehicles. In the insurance business, Tokio Marine, a Japanese-based property and casualty insurer use computer vision to analyse and evaluate damaged cars, speeding up the evaluation process. Transportation. Source: isurancejournal.com.

article thumbnail

How to include all types of volunteers in your emergency management plans

CCEM Strategies

· Does your insurance cover volunteer inclusion in your operations? How will you provide volunteers shelter, transportation, food and water and personal protective equipment (PPE)? What types of equipment would you need to provide to ensure volunteers can fulfil their roles?

article thumbnail

The road to EV safety requires a robust infrastructure

National Fire Protection Association

Few would argue that emerging technologies like electric vehicles (EVs) and electric micromobility devices (more commonly known as e-bikes and e-scooters) are transforming today’s modes of transportation. Today, there are reportedly more than one million electrified vehicles on U.S.