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Trucks and workers are busy cleaning up an oil spill from the Keystone pipeline in rural North Dakota. The spill happened on Tuesday morning when an employee heard a loud bang and quickly shut down the pipeline. An aerial photo shows a large, dark pool of oil in a snowy field, with tire tracks nearby. … Read more

In the latest edition of the Property Insurance Power Panel, industry experts from Gallagher and EPIC Insurance Brokers shared insights on key issues affecting property insurance, particularly in areas prone to natural disasters. The discussion highlighted the rising costs of reinsurance and the importance of preparing finances in regions that face significant natural catastrophes. The … Read more

High-profile failures in risk management are raising alarms among regulators and investors, putting boards of directors under scrutiny. As operational losses and damage to reputation become more common, oversight bodies are increasingly held accountable for governance failures. Despite significant investments in risk management across various industries, many organizations still struggle with effective board-level oversight. Mark … Read more

RIMS, the risk management society, has introduced two new educational programs aimed at enhancing certification options for federal risk management leaders and professionals responsible for business continuity. This announcement came on April 28, 2025, and reflects RIMS’ commitment to advancing the skills of risk professionals. The new initiatives are part of agreements with the Association … Read more

In the construction industry, inflation is hitting hard. Rising material costs are causing significant challenges for builders and contractors, leading to delays and increased operational expenses. With the economic landscape changing rapidly, companies are left grappling with uncertainty as they plan their projects. Scott Zemberi, a director of construction underwriting at Central Insurance, highlights the … Read more

Brown & Brown, a major insurance brokerage based in Florida, has filed a federal lawsuit against Westyn Swenson, a former vice president, for allegedly starting a competing business and stealing clients. The lawsuit was filed in the Middle District of Florida this week. According to the complaint, Swenson, who is based in Texas, worked with … Read more

Vehicle thefts in Arizona saw a significant drop in 2024, according to the Arizona Automobile Theft Authority (AATA). The state reported a 15% decrease in stolen vehicles, marking the second consecutive year of decline. In total, 17,010 vehicles were reported stolen in Arizona last year. This number is nearly 3,000 fewer than the 20,006 vehicles … Read more

Managing insurance policies can be challenging, especially for Managing General Agents (MGAs) and wholesalers. They often juggle multiple carriers and face unique demands that can slow down their operations. To help with these issues, Expert Insured has launched a new policy management system designed specifically for the insurance industry. This platform, developed by Selectsys Tech, … Read more

Generali held its annual general meeting (AGM) on April 25, 2025, where important decisions were made regarding the company’s future. The meeting approved a new dividend and welcomed a refreshed board of directors. The newly elected board consists of 13 members who will serve for three years, until the 2027 financial statements are approved. This … Read more

Typhaine Beaupérin, the chief executive officer and secretary general of The Federation of European Risk Management Associations (FERMA), is set to step down in June 2025 after nearly ten years in the role. Her departure marks a significant moment in the risk management sector, which has undergone considerable changes during her tenure. Reflecting on her … Read more