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Despite its reputation for risk aversion, insurance organizations are engaging in more technology innovation than the industry is given credit for, a report from the consulting firm Celent said.

Despite its reputation for risk aversion, insurance organizations are engaging in more technology innovation than the industry is given credit for, a report from the consulting firm Celent said.

While a majority of large businesses have contingency plans for a pandemic or other catastrophe in place, many small to medium companies do not, which can result in their demise in the wake of a disaster, according to experts.

Do you remember the 1964 World's Fair in New York City? I remember being a wide-eyed 10-year-old boy walking through the many different pavilions with images of "The Jetsons" dancing in my head.

Utica National Insurance Group has been using Claims Workstation through four different iterations of the product and three different corporate names for the vendor--beginning with Freedom Group, then Fiserv Insurance Solutions, and now StoneRiver.

In a perfect world, a retail agent would be able to place all of his business in the admitted marketplace.

We live in uncertain times.

Risk managers must take steps to maintain timely access to key enterprisewide data and resources during such a crisis so that a disruption does not devastate revenue streams, undermine client accounts or prevent government mandates from being met.