Bedivere Insurance Company has been placed into liquidation and a deadline of December 31, 2021 has been set as the deadline for policyholders to file a Proof of Claim.
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 We live at a time when humanity is steadily moving away from riskier forms of self-sufficiency to safer and more productive forms of mutual interdependence. Consequently, the future of ERM will be concerned with building enterprise-wide approaches to pursuing opportunities and managing threats. The future success of ERM, however, depends on whether it is grounded in an overarching philosophy and core purpose summed up best as reverence for life. Policyholders with Home Insurance Company policies should be aware that the court in the Liquidation of Home Insurance Company has entered an Order setting the claim amendment deadline.
 The COVID 19 pandemic has radically altered the insurance claims and underwriting environment and has resulted in more than 1,400 insurance coverage litigations. In the first of three essays on lessons for risk management professionals, Peter A. Halprin, our guest columnist and a Partner at Pasich LLP, discusses the challenges in leveraging even long-standing relationships between risk management professionals, on the one hand, and brokers and insurers, on the other. We live at a time when humanity is steadily moving away from riskier forms of self-sufficiency to safer and more productive forms of mutual interdependence. Accordingly, the future of ERM will be concerned with building enterprise-wide approaches to pursuing opportunities and managing threats. Doing so requires leadership that promotes life-long learning and mutual understanding. With over 1400 lawsuits filed by policyholders against their insurance companies for COVID-19 losses, insurance companies have racked up several wins. Nevertheless, below are several cases where policyholders have found success. John Nixon, a former underwriter and an expert on property insurance, continues the discussion on how companies can better prepare for going through property insurance renewals. Part III focuses on how to improve the quality of data in your company’s submission to insurance underwriters. We live at a time when humanity is steadily moving away from riskier forms of self-sufficiency to safer and more productive forms of mutual interdependence. Consequently, the future of ERM will be concerned with building enterprise-wide approaches to pursuing opportunities and managing threats. Such approaches require that ERM adapt to becoming a tool that can be used to help organizations build high trust cultures. Policyholders should know the wording of their insurance policies with respect to noticing of claims. When an occurrence, even one that has not yet developed into a claim, becomes known to the policyholder, notice to the insurance carriers should be provided as soon as possible. Failure to give timely notice can have negative results. John Nixon, a former underwriter and an expert on property insurance, continues the discussion on how companies can better prepare for going through property insurance renewals. Part II focuses on how to improve the format of your company’s submission to insurance underwriters. |
AuthorsLori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles. Categories
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