We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Home Depot’s data breach is the largest retail breach we’ve seen yet. Last week, Home Depot publicly stated that in addition to the 56 million credit card accounts compromised, approximately 53 million e-mail addresses were stolen as well. The issue here isn’t the addresses themselves, but the malicious use the addresses will be put to.
In case you missed the news, we’re going to IRMI! The annual Construction Risk Conference kicks off in just a few short days, and we’re so excited to be sending members of the ALS team to Nashville. Nick Sica, Senior Analyst, will be in attendance as IRMI celebrates 34 years of dedication to improving the construction risk management landscape.
Winter will soon be upon us, whether we’re prepared or not. We’ve shared this article about the dangers of improper snow removal for property owners in the past, but as one of the realities of living and doing business in the Northeast, an annual reminder doesn’t hurt.
Data breaches are a very serious threat to companies and individuals; their occurrence and impact is increasing drastically year over year. Hackers are looking to steal your financial data, personal information, and intellectual property. Often, the financial and reputational impact of a breach can be disastrous for an organization.
The IRMI Construction Risk Conference is in its 34th year, and this year promises to be bigger and better than ever, with more attendees registered than in recent years. We are looking forward to being part of the action! There are some older and new trends in the industry that we want to hear more about – the country’s aging infrastructure, Alternative Project Delivery and what the insurance industry is now saying about New York Labor Law.
A constant struggle for the risk manager of an organization is balancing the profitability expectations of its shareholders and maximizing operational efficiency of the risk management team in order to reduce the organization’s Total Cost of Risk (TCoR). Having a clear perspective of the organization’s appetite for risk and risk tolerance is a fundamental element needed in order to achieve this balance.
So you are traveling for business or you have finally scheduled a few days away from the office. You pack your bags and are sure to not forget your mobile phone, tablet, and laptop. Now stop for a second and consider the consequences if one of those devices goes missing, is lost, stolen, or even hacked. How much personal or company data would be at risk? Bank account information, e-mails, contact information, confidential business documents. It’s all there for the taking.
One of the most underrepresented and disregarded coverage extensions on a commercial property policy is personal property. That is, Business Personal Property (BPP) – the personal property which is owned by the entity that is the named insured on the policy. BPP covers a variety of items that are typically identified with being owned in relation to the premises identified on the declaration page of your policy. It is not typically intended to insure the personal property of a firm’s employees or guests. Over the course of the last fifteen years there have been several changes to significantly expand the definition of BPP in several different ways. Keep in mind
The recent Enterprise Risk Management (ERM) Workshop held by North Carolina State University was chock full of valuable information. It was attended by seasoned risk and audit professionals all looking for ways to improve the effectiveness of their own ERM programs.
Risk, construction and compliance are three concepts that weigh heavily on the minds of owners and contractors globally. This was evident at the recent Risk & Compliance Summit held at Georgia Tech in Atlanta last week.
