Preparing for Business Interruption, Property Loss & AI Threats
This issue of Risk Review offers insight into seasonal and trending topics, including how to prepare for and respond to the potential property impact of hurricanes and heat waves, AI threats, and how the U.S. electricity grid vulnerabilities present risks to both insureds and insurers.
How To Minimize Business Interruption During Hurricane Season
With hurricane season upon us, it’s important for businesses to ensure they have a Business Interruption (BI) policy in place, which helps protect the business from any losses caused by a storm or other natural disaster. With the right BI insurance coverage in place, companies can have peace of mind knowing that they are prepared for any potential losses due to a hurricane.
Property Loss Checklist: Collect What You Need to Report and Manage Your Claim
When your business experiences a property loss, you have an immediate problem to solve. From identifying the extent of the loss and containing it to gathering everything you need to submit your claim, there are important steps to follow.
Preparing for and Responding to a Heat Wave
While definitions vary, a heat wave is usually measured relative to the usual weather in the area and relative to normal temperatures for the season. Learn what to do ahead of time and what basic requirements to meet to be prepared for a heat wave, as well as how to recognize heat distress.
Manipulation by Machines: The Increasing Threat of AI in Misinformation and Social Engineering
Organizations of all types have been rushing to integrate generative AI tools into their products with fervor. What hasn’t kept up is the understanding of the risks that these technologies pose to society and to the enterprise. In this article, we discuss artificial intelligence and the risks of malicious AI.
Power Play
Leader's Edge recently featured this article discussing how insurers and insureds must face the glaring risks and vulnerabilities in the U.S. electricity system.
How Increasing Natural Catastrophes Are Impacting the Environmental Insurance Market
An unprecedented number of disasters that each caused at least $1 billion in damages—28 in total—struck the U.S. in 2023, according to the National Oceanic and Atmospheric Administration (NOAA).
SEC Issues Disclosure Rule for Climate-Related Risks
The McGriff Executive Risk Advisors team has observed a steady uptick in regulatory activity aimed at publicly traded companies (and certain privately held companies) over the last several years. Most recently, the SEC is focused on climate disclosures and in this Client Advisory, we share how the disclosure rule for climate-related risks has evolved over time.
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