Insurance Broking & Consulting White Papers

Client Alert: The AICPA Cybersecurity Risk Management Reporting Framework

The attached alert will interest any firm that engages accountants to audit/review/advise them relative to cyber security, as well as more traditional things like system controls and overall Enterprise Risk Management. A new framework issued by The American Institute of CPAs provides a basis for CPAs to help boards of directors, senior management and other stakeholders gain a better understanding of an an entity's enterprise-wide cyber security and overall risk management. All public companies will be impacted in some way.

Jun 12, 2017

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The New Reality of Federal Medical Malpractice Reform

The election of Donald J. Trump to President of the United States had been considered a highly unlikely outcome.  Likewise, and based upon past history, many would suggest that the enactment of Federal medical malpractice reform is unlikely.  But, given the Republican majorities in both the House and Senate, and Trump in the White House, there is a legitimate chance for such legislation to pass. This paper explores the arguments on both sides, and outlines the key features of the bill(s) under consideration.

Jan 9, 2017

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SOLAS Container Weight Verification Regulation

In May 2014, the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) approved changes to the Safety of Life at Sea (SOLAS) convention regarding a mandatory container weight verification requirement for shippers of containerized cargo. Specifically, the Dangerous Goods, Solid Cargo and Containers (DSC) Sub-committee approved changes to the Safety of Life at Sea (SOLAS) convention that will require verification of container weights before placing loaded containers aboard ships

Oct 25, 2016

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Batch Me If You Can

In addition to the high severity potential, batch events in healthcare present complex coverage issues. Risk management professionals and others involved in risk financing design would be well served to work with their teams to better understand this issue, and affirm that their coverages are properly designed to address “batch events”. This paper focuses on the evolution and significance of “batch”; types of allegations that may involve “batch” or “related events”; important coverage issues; and frequency and severity trends.

Sep 20, 2016

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Evolving Environmental Risks in the Energy Industry

The energy industry faces an evolving nature of environmental risks, including earthquakes caused by water flooding and waste disposal wells, oil by rail, and natural gas leaks. These are exposures that did not exist in the first generation of environmental risks. As a result, the environmental insurance market has grown and coverage has expanded to include new products. Given the changing risks outlined in this white paper, companies engaged in the energy sector can benefit from expert risk management advice to help minimize potential hazards and anticipate coming changes.

Aug 22, 2016

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The Importance of Cyber and Data Security to Schools of All Sizes

By their very nature, educational institutions amass extensive amounts of data on students, faculty, and administrators. While this fact alone makes schools appealing targets for cybercriminals, their vulnerability is compounded by the human element. While research shows that no organization is immune from cyber-attacks or data security breaches, preparation is always the best defense. Learn more about ways to mitigate the cyber risks inherent in educational institutions.

Aug 22, 2016

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