Property & Casualty insurance coverage for higher education has always been complex. There is one factor that most have in common – diversity of exposure. Each school or department is like a different company with rules, hierarchy and status. This makes it tough to control for a risk manager or the individual with insurance responsibility. Each school needs to undergo its own risk identification process.
The Healthcare industry continues to move forward in the face of great uncertainty, driven largely by government legislation and economic pressures. Lockton’s Northeast Healthcare Practice is seeing leaner organizational structures challenged with operating complex systems while delivering a broader range of services. “More With Less” seems to be the new norm.