Loss Control

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.

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.

Corporate risk managers see their insurance broker as an extension of their own companya member of the team whose skills are heavily depended upon in areas like claims and loss-control.

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.

Mining is viewed as a high-risk industry, but mining in North America is safer than some other industries, such as agriculture and lumber, in terms of the number of claims, say experts.