Basic Principles of Environmental Insurance

Lorman

Do you have the appropriate coverage with your environmental insurance? Uncertain and potentially costly environmental risks present difficult obstacles for parties involved in purchasing, selling, developing, leasing, operating or financing in today's business and real estate market. In an attempt to meet these needs, the insurance industry has developed a broad range of risk-specific environmental insurance products. In considering the use of insurance for the transfer of environmental risks, it is important to understand what the various insurance products are designed to cover, how to bind the necessary coverage and what issues must be considered and evaluated in negotiating these environmental insurance policies.
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Spotlight

Predicting the future of insurance can be somewhat straightforward. Both the history and temperament of the industry constrain the realms of potential changes for this industry. This business is steeped in the paramount nature of its guiding principles and is equally tied to the information provided by the record of its transactions. Periodic forays into the art of forecasting by insurers just confirm doctrine instead of establishing a foothold for change. The projected uses of technology tend to focus on point solutions or keeping up with market peers. Overall, predictions tend to be short range and aimed at optimizing current operations and are linear projections for business outcomes.

OTHER ON-DEMAND WEBINARS

A Candid Conversation on the Changing Landscape of Cyber Insurance for Financial Institutions

jackhenry.com

Ransomware and other cyber-attack vectors have increased at a rapid pace over the last few years, and more companies have been forced to pay the ransom amounts. This results in higher expenses for attack mitigation and recovery, increased costs from downtime, loss of customers, and regulatory fines. Cyber insurance companies have also stepped up their requirements to ensure that financial institutions have the proper layers of defense in place prior to even offering a policy, which has driven down the number of policies being written. During this timely on-demand webinar session, Paul McCulloch, Product Manager for the new Jack Henry Cyber Liability Insurance offering, and Tom Williams, Business Continuity Strategy Manager, will discuss the changing landscape and what you can do to ensure you have the proper coverage in place to protect your institution and shareholders.
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A Conversation with James Maudslay

ITL

In this webinar, Insurance Thought Leadership Editor-in-Chief Paul Carroll interviews James Maudslay, Head of Global Insurance at Equinix, on how information systems are – and aren’t – taking new forms.
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New Private Flood Insurance Rules Effective July 1, 2019: Policy, Procedures & Compliance

cvent

After a five-year wait, the final rules on private flood insurance have finally been released The rules implement a portion of the Biggert-Waters Flood Insurance Reform Act that defines private flood insurance. This is meant to provide borrowers with more flood insurance options - which also brings more compliance requirements. Compliance and lending staff must be ready by the July 1, 2019, effective date - before regulators start focusing on this area. Examiners will be expecting sample policy, written procedures, and monitoring checklists. This webinar will cover the final rules requirements and present them as sample policy. Prepare your staff now with this mustattend session that will provide the training and tools needed to ensure your compliance standards are complete and correct.
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On-Demand Insurance Webinar Highlights Benefits of Digital

docusign

Tech-savvy customers expect insurers to offer digital access to services. Those who don’t are putting their business at risk. View the on-demand webinar, “Winning New Customers with Better Service: A Real-Life Case Study of Digital Transformation,” to learn how The Hartford digitized and simplified their surety application process
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Spotlight

Predicting the future of insurance can be somewhat straightforward. Both the history and temperament of the industry constrain the realms of potential changes for this industry. This business is steeped in the paramount nature of its guiding principles and is equally tied to the information provided by the record of its transactions. Periodic forays into the art of forecasting by insurers just confirm doctrine instead of establishing a foothold for change. The projected uses of technology tend to focus on point solutions or keeping up with market peers. Overall, predictions tend to be short range and aimed at optimizing current operations and are linear projections for business outcomes.

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