We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
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.
There are several terms in the insurance industry that frequently are misused or confused. For example, the terms broker and agent are consistently used interchangeably; however, the role of each is very different and important.
With the National Hockey League (NHL) back in full swing, thousands upon thousands of fans will enter the 30 NHL arenas and hear the above phrase. After hearing this several times it will likely become white noise, but this warning is in place for a very specific purpose and failure to warn the attendees could have grave (and expensive!) ramifications.
Some of you may be thinking that it’s far too early to start thinking about the holidays, but the reality is, many of your organizations will be planning holiday parties in the coming weeks. While taking a break to unwind and celebrate with co-workers should be a happy experience, it is important that those involved in planning the company holiday party are mindful of the underlying risks associated with such an event in order to strive for an incident-free celebration.
Switch on the TV and you’d find it difficult NOT to hear about Ebola. The economic damage already done in West Africa tallies in the billions and continues to threaten the local economies. Is your company prepared for the impact of Ebola? Are you taking advantage of the risk management solutions to help protect you?
As a former NCAA golfer and avid golf fan who now manages risk, I couldn’t help but be struck by the similarities between a golf caddie and a risk manager. For those of you who share my love of the game, it’s easy see how managing business risks is not unlike playing a round of golf. In golf and in business, there is always a risk versus reward consideration applied to decision-making. While many opt for the risky play on the golf course without much concern for a penalty or lost ball, the same approach is not typically prudent in business.
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.
Our areas of expertise include:
At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information: [email protected]
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information : [email protected]
New Jersey
175 Main St
Woodbridge, NJ 07095
Tel: +1-732-395-4250
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
