Guy Carpenter’s Post

Insureds are increasingly relying on captives, parametric products, and flood and fire defenses in today’s market. In a recent article in Risk & Insurance, CEO & President John K. Smith shares his insights on how to navigate today's market and assis underwriters to get the job done. Read it here: https://ow.ly/wKvr50QM20t

Insureds are increasingly relying on captives, parametric products, and flood and fire defenses in today’s market. In a recent article in Risk & Insurance, CEO & President John K. Smith shares his insights on how to navigate today's market and assis underwriters to get the job done. Read it here: https://ow.ly/Vtmy50QO0hy

Learn about the importance of effective risk mitigation and preservation strategies, alongside robust collectibles insurance policies. From environmental threats to market fluctuations, we cover it all in our latest blog: https://bit.ly/48owf1X

The collapse of the Francis Scott Key Bridge in Baltimore last week will impact countless businesses and industries as the M/V Dali's owners, contractors, managers, and the city itself begin to assess the damage and losses from the event. Commercial Risk Advisors John Potts, MBA, CLCS and Clark Parr break down the types of coverage, potential claims, and other insurance implications the involved parties can expect following a complex incident of this magnitude. https://bit.ly/3J4auKN  

Risk associated with catastrophic events, such as floods, wildfires, earthquakes, and wind (hurricanes) are increasing. In fact, the Journal of Risk and Insurance had a special call on climate change and natural disasters, which will be published this coming year. The issue, however, is not new.   In 1997, Dwight Jaffee (University of California, Berkeley) and Thomas Russell (Santa Clara University) studied the existence of a gap in coverage between demand and supply of “catastrophe insurance.” They argued that the cause was within capital markets, and that accounting and tax rules, along with takeover risk, prevented insurers from holding sufficient amounts of capital to be able to cover such perils. Much has changed since 1997, with more information, more reinsurance, and more government intervention. Yet the concerns are just as great today as they were in 1997.   By 2007, the insights offered by Jaffee and Russell were clear, and the American Risk and Insurance Association gave the Mehr Award to them for helping move us forward in offering protection against some of the Earth’s greatest needs. The Mehr Award is given to the paper published in the Journal of Risk and Insurance ten years prior that has best stood the test of time. It remains relevant today. #mehraward #catastrophes #capitalmarkets

Following a natural disaster, many properties are found to be underinsured. Insurance professionals are now closely watched to ensure clients are adequately covered. Determining the correct building property coverage limit is critical. Learn more here: https://ow.ly/5wVf50Tix56

Following a natural disaster, many properties are found to be underinsured. Insurance professionals are now closely watched to ensure clients are adequately covered. Determining the correct building property coverage limit is critical. Learn more here: https://ow.ly/qBQi50Tix59

Risk associated with catastrophic events, such as floods, wildfires, earthquakes, and wind (hurricanes) are increasing. In fact, the Journal of Risk and Insurance had a special call on climate change and natural disasters, which will be published this coming year. The issue, however, is not new. In 1997, Dwight Jaffee (University of California, Berkeley) and Thomas Russell (Santa Clara University) studied the existence of a gap in coverage between demand and supply of “catastrophe insurance.” They argued that the cause was within capital markets, and that accounting and tax rules, along with takeover risk, prevented insurers from holding sufficient amounts of capital to be able to cover such perils. Much has changed since 1997, with more information, more reinsurance, and more government intervention. Yet the concerns are just as great today as they were in 1997. By 2007, the insights offered by Jaffee and Russell were clear, and ARIA gave the Mehr Award to them for helping move us forward in offering protection against some of the Earth’s greatest needs. The Mehr Award is given to the paper published in the Journal of Risk and Insurance ten years prior that has best stood the test of time. It remains relevant today. #mehraward #catastrophes #capitalmarkets #research #risk

Following a natural disaster, many properties are found to be underinsured. Insurance professionals are now closely watched to ensure clients are adequately covered. Determining the correct building property coverage limit is critical. Learn more here: https://ow.ly/9V2w50Tix55

Understanding catastrophic property insurance and its limitations can lead to smarter risk management. Discover alternative options explained by Ron Guerena in this latest article from Biznow! #Windstorm #CAT