Old Republic General Insurance Group’s Post

Big thanks to Sunland Asphalt & Construction, LLC, the Phoenix branch of the Institute of Real Estate Management (IREM) (#iremphx) and the Central AZ CCIM Chapter for the opportunity to impart a few lessons at today's risk management Lunch 'n' Learn. If you've done business with us, you know we're not just about providing top-tier insurance options; we're also your partners in helping keep your employees safe and claims under control. That guy in the picture with the big hat, Wayne N. Carroll, is one of the leading loss-control experts in the nation. He's on our team, and can be on yours, too, if you work with us. Also, few in the business know the nuances of insurance coverage better than our David Cummard, second from left. It's their work, their knowledge, their ability that allows us to say we give our clients the confidence to face whatever lies ahead. Randa Hightower Christina Teske Kelly Weakley Bettina Hunt, CCIM #RiskManagement #ProtectingYourWorld

Interesting article about new excess wildfire coverage coverage program for HNW homeowners in California. Shout out to my former HUB colleagues! 👍👍

The tragic Baltimore bridge collapse is a stark reminder of the devastating impacts of unforeseen events. As we witness the aftermath unfold, it's crucial for companies to reassess their total cost of risk. Our proprietary P2RIME® process provides valuable guidance on managing risk through avoidance, planning, insurance, and risk transference. This catastrophe highlights the importance of regularly analyzing a company's total cost of risk to effectively mitigate both insurable and non-insurable risks. Read more in our latest blog post from our own John Dorsey, Client Executive, here: https://lnkd.in/eYk7hvzP #RIskManagement

HUB International making important changes in the insurance landscape.

Late last month I was flying down to D.C. for a meeting with colleagues at Lockton. As we were making our descent, I saw a container terminal out of the window. Having watched “The Wire”, I figured we were over Baltimore. I kept my eyes peeled in anticipation of catching a glimpse of the wreckage of the Francis Scott Key Bridge. It had collapsed on 3/26/25 after an allision with the MV Dali, a 984ft long, 148,984-ton container ship. For reference, the vessel is nearly 200ft longer than the John Hancock Tower, the tallest building in Boston, is tall. I indeed caught a glimpse of the wreckage and snapped a photo. (I added that pic into the last page of the attached newsletter) The Dali had at that point been refloated and removed a week prior through a controlled explosion and the diligent work of the crews and tugboat operators involved, months ahead of schedule. The view of the wreckage was shocking – the loss life, nothing short of tragic. Looking out upon that level of destruction, one’s left with more questions than answers. What went wrong? Who is responsible? What are the implications of this port being shut down? When, how, and at what expense will the bridge be rebuilt? Earlier this month my colleague Jana Byron put together a fabulous write up to answer some of these questions from an insurance perspective. Her wealth of knowledge is representative of the expertise had across Lockton Marine. It's our global marine insurance practice that in recent years has been rapidly enriched by the addition, among other firms, of Lockton P.L. Ferrari - the oldest P&I broker in world - to the Lockton Group of Companies. #LocktonMarine #BaltimoreBridge #Shipping #Logistics #Trade #MarineInsurance

Read latest advice article featured in the American Journal of Transportation from our gold sponsor Ed McNamara CEO of Cleveland based global port insurer Armada Risk Partners. Ed is urging Great Lakes ports to take a careful approach to sourcing insurance amid risks of extreme weather and crumbling infrastructure. Ed has three core pieces of advice: * Show insurers you have a thorough tested crisis management plan * Show evidence you are taking action on old infrastructure and you are speaking to Government agencies * A disorderly and messy site will see insurers mark you down Read: https://lnkd.in/gGe6TJnm

Insurance Tips for Your Tuesday: Avoid these pitfalls when buying auto, home, flood, and renters insurance - 1. Insuring a home for its real estate value rather than for the cost of rebuilding. Insurance is designed to cover the cost of rebuilding, not the sales price of the home. You should make sure that you have enough coverage to completely rebuild your home and replace your belongings—no matter what the real estate market is doing. 2. Selecting an insurance company by price alone. It is important to choose a company with competitive prices. But be sure the insurer you choose is financially sound and provides good customer service. 3. Dropping flood insurance. Damage from flooding is not covered under standard homeowners and renters insurance policies. You may not be aware you’re at risk for flooding, but keep in mind that 25 percent of all flood losses occur in low-risk areas. 4. Only purchasing the legally required amount of liability for your car. The minimum is just that—the least you can get away with by law. So, buying only the minimum amount of liability means you are likely to pay more out-of-pocket later. 5. Neglecting to buy renters insurance. A renters insurance policy covers your possessions and additional living expenses if you have to move out due to an insured disaster, such as a fire or hurricane. Equally important, it provides liability protection in the event someone is injured in your home and decides to sue. More information can be found at www.iii.org #VA #MD #NC #WV #OH #shoparoundandfindout #reviewus #comparioninsuranceagency #VA #mattcallsback #insuranceagent #homeownersinsurance #autoinsurance #lifeinsurance #libertymutual #teamDowlerJohnson

As #wildfire_risk escalates in the U.S., particularly in California, the need for innovative risk management strategies is critical for businesses. Guy Carpenter emphasizes the importance of collaboration among insurers, capital providers, and regulators to enhance investor confidence and attract capital for wildfire protection. Advances in risk modeling and #parametric_solutions are vital in addressing this peril, enabling businesses to secure sustainable insurance coverage. By fostering a deeper understanding of wildfire risks, we can create a more resilient marketplace that supports both communities and investors in navigating these challenges. Sources: Artemis.bm https://lnkd.in/dwZgVnUg

Get to know Abbey, one of our Insurance Administrators 👋 👉 What do you love most about working at ARC Assessing? "The people and work environment - Everyone is so friendly and there is always someone there to help whether that be by assisting in completing a task or to ask a question. Additionally, ARC has given me the opportunity to develop and grow my skills." 👉 What led you to work in this field? "I previously worked FIFO so I'd heard many stories about different incidents that had happened on sites, this spiked my interest as I never really thought about insurance in the mining sector or how they would assess an incident." 👉 Who's your role model? "My dad is my role model, he has inspired and shaped me into becoming the person I am today – he has taught me everything especially what a good work ethic is and to never give up no matter how many bumps there are to achieve something you can always do it as it doesn't matter where you start all that matters is where you finish." A fun fact about Abbey is she lived in the UK for 5 years, and outside of work, she enjoys going camping and exploring new places. 🏕️ To learn more about our team visit, arcassessing.com.au 🔗 ------------------------ #lossassessing #insurance #insuranceclaim #specialistequipment #heavyvehicle #accidents #construction #meettheteam #assessing #heavyequipment #constructionequipment #assessor #heavymachinery #teamexcellence #workculture #perth