Loss Control

Many small and midsize contractors dont consult their surety-bond underwriters soon enough after running into trouble that could trigger a bondan event that threatens a contractors ability to remain in business.

The U.S. captive industry may be undergoing some changes with a new trend towards domiciling in a companys resident state, says a captive expert.

February was a costly and deadly month around the globe with more than 800 deaths and economic losses totaling well over $1 billion, says an Aon Benfield report.

The biggest challenge to the mining industry is not the risks, but an inaccurate 50-year-old pick and shovel image, according to an underwriting expert.

XactScope, a mobile estimating app for the iPhone, iPad, and iPod touch, now includes Xactwares Sketch technology. With the addition of Sketch, XactScope offers users a complete loss-site estimating tool that can help them draw floor plans, add items to estimates, download price lists, and generate reports.

The primary goal of the broker is to listen and understand the business objectives and strains that each risk manager faces. That means understanding the business they are in; the factors driving their risk decisions; the resources they have available; and how they are judged by their superiors.