Are you bilingual? Can you speak Risk and Finance?
Risk managers increasingly need to be able to understand and interpret two very different organizational languages: insurable risk and finance. "Bilingual" skills are becoming necessary because of where risk management sits in an organization. In most organizational...
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Five Reasons Retirement Plan Sponsors Can Feel Thankful
In what may feel like the occasionally thankless business of retirement plans, it can be easy to lose sight of the positives associated with these benefits. That’s why it is important to pause occasionally and remind oneself that there is quite a bit for which to be...
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Company in a Crisis
Placement of Excess Casualty programs is an inherently pessimistic exercise. Together with our clients, we examine their risk profiles and explore various exposures faced by their businesses. Throughout this analysis, we are wired to think: what’s the worst...
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Avoiding Punctures – How to Mitigate Execution Risk with W&I Insurance
Insurance for mergers and acquisitions risks (namely Warranty & Indemnity, Tax, Legal and other related contingencies) has come a long way since the early 2000’s. Back then there were limited insurers with a fairly restricted appetite, resulting in coverage that...
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New York Banks and Insurers are the Focus of Proposed Cybersecurity Regulations
Banks, insurance companies and other financial service companies licensed or chartered by the state of New York will likely soon face increased cybersecurity requirements. Two years in the making, New York’s Governor Cuomo announced proposed cybersecurity...
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The Storms’ Aftermath: What You Need to Know About Filing a Claim
At Lockton, we’re ready to help evaluate your claim if you’ve suffered loss in the recent storms. We'll work with you and your adjuster to fully explain the steps that need to be taken. For more details about how to prepare your insurance claim, click...
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The Impact of the Brazilian Crisis on the Trade Credit Insurance Market
In many countries there is a direct correlation between GDP variations and corporate insolvencies. There is a benchmark found in some studies which states that for each drop of 1% in the GDP there is an increase of 5% to 10% in corporate insolvency levels....
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Brexit: The Lockton Way
Brexit: The Lockton Way The initial economic and emotional response to the UK’s vote to exit the EU is now behind us, leaving much conjecture and ambiguity. One certainty is that Lockton continues to work closely with its clients to inform, manage and where possible,...
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3 Keys to New 2017 OSHA Reporting Requirements
The Federal Occupational Safety and Health Administration (OSHA) has passed a final rule effective Jan.1, 2017 regarding electronic OSHA 300 log reporting. While the new electronic OSHA 300 log reporting requirements will be phased in during the next two years, there...
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Don’t Wait for a Recall: Your Standard Insurance Policy Won’t Cover It
Recalls are on the rise, yet approximately half of companies in key consumer industry segments lack proper risk management. Without it, a recall can push a successful company into a downward spiral that may be impossible to reverse. The price of...
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P&C Market Update: Market Remains Competitive Despite Select Carrier Changes in Strategy and Approach
Lockton has released its July 2016 P&C Market Update, and after another year of underwriting profits and strong capitalization, the current property/casualty marketplace remains very competitive through the first half of 2016. Two of the largest...
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Managing Risk After Brexit
The UK vote to exit the European Union may ultimately have far-reaching implications for businesses around the world. The vote has created uncertainty. The best response is to remain calm and avoid hasty decisions that may not be in your best interest. Lockton is...
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Lockton Comment on UK Vote to Exit the EU
The UK vote to exit the EU (Brexit) has sent shudders through financial markets and created a cascade of political changes. Our clients face an array of short-term challenges with foreign exchange volatility especially in the core currencies of the sterling,...
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