Risk Management Insights & Blog

Robotics and the Displacement of Human Labor: An Emerging Risk?

August 27, 2024

In any classic futuristic story, there’s often one common thread: robots have taken over everyday life. From the Jetsons to WALL-E to Black Mirror, the story of artificial intelligence taking over tasks, chores, and, in some cases, people is not new. The rise of robotics and automation has industries and organizations across the globe reconsidering […]

The Diligence is in the Details

June 26, 2024

In our world of over-information and news saturation, it can feel easy, maybe even necessary, to rely on headlines to give us the high-level stories we need to remain informed in our daily lives. According to Statista, Americans spend roughly 470 minutes (nearly 8 hours!) engaging with media in a given day. In that time, […]

Risk Management and Harbor Safety: Navigating the Waters

May 14, 2024

Harbors are bustling hubs of commerce, connecting land and sea, facilitating trade, and serving as gateways for goods and people. However, their dynamic environment presents inherent risks that demand careful management. The world of harbor safety comes with several key areas where risk mitigation it critical, and the Key Bridge disaster is a snapshot of […]

Risky Business Begins in Organizational Culture

April 13, 2024

There’s a popular phrase that showcases the relationship of culture in an organization: “Culture eats strategy for breakfast.” Attributed widely to Peter Drucker, the phrase puts a spotlight on the significant impact of culture over any other type of organizational strategy or planning—including risk. The 2024 PwC Trust Survey captured an interesting perspective on organizational […]

The Art of Risking It All: The surprising connection between romance and insurance

February 14, 2024

This Valentine’s Day, we’re looking at the biggest risk of all: being vulnerable in the name of love. This is the season of celebrating love, and we’re taking the opportunity to turn a more professional eye to relationships—and the important way we protect ourselves as both organizations and individuals. In both love and work, we […]

Houti and the Insurance Blowfish

February 9, 2024

When we consume the evening news, the developments in other countries can often feel worlds away and disconnected from our everyday lives. The connection between strife in the Middle East, attacks on trading vessels in faraway straits may feel distant, but they have a very tangible impact on our daily lives. There’s a hidden link […]

When Insurance Gets Risky

January 31, 2024

The role of reinsurance during times of natural disasters At any given time, the Federal Emergency Management Agency (FEMA) has up to 4,000 reservists ready to deploy to disasters across the United States. These disasters, especially those like Hurricane Otis that escalate very quickly and cause major unpredicted damage, can wreak havoc on communities—and on […]

The Risk-Mitigation Power of Equity Theory

November 14, 2023

Equity theory, developed by J. Stacy Adams in the 1960s, is a psychological concept that focuses on the idea of fairness and balance in the workplace. It suggests that employees compare their input (effort, skills, time) and output (salary, benefits, recognition) to that of their colleagues to determine whether they are being treated fairly. Equity […]

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