Hurricanes, Tropical Storms and Insurance – Oh My

Posted by The ALS Group on Oct 1, 2015 12:00:46 PM

As the world is ever changing, so are the way insurers interpret the natural disasters and how they will respond to cover these terrible events. Over the years, the U.S. has seen an increase in earthquakes, tornadoes, hurricanes, blizzards and more. The insurance industry now has created a stricter view of how they will cover these events. In particular, as we have seen with Hurricane Katrina and Hurricane Sandy, the insurance industry has developed a new terminology and deductible related, specifically, to “named storm/named windstorm.”

Read More

Topics: named storm/named windstorm, Personal Lines, Property Risk, Risk Management Assessment, Risk Management Blog, The ALS Group

Understanding Insurance Terms - Actual Cash Value vs. Replacement Cost

Posted by The ALS Group on Jan 28, 2015 11:15:16 AM

It is vital to understand specific terms found in insurance policies. The inability to do so may result in an unwanted surprise such as a lower than anticipated claim payment following a loss.  For example, Actual Cash Value (ACV) and Replacement Cost (RC) are two different methods of valuation that will determine how the insured is indemnified.

Read More

Topics: Claims Management, Personal Lines, Property Risk, Risk management, Risk Management Blog

Parental Control Tools Online Can Mitigate Your Risks – Yep, There’s An App For That!

Posted by The ALS Group on Jun 25, 2013 3:18:33 PM

Despite being ripe with positive, useful and educational information, the internet is chock-full of potent dangers, and your children can get into quite a few uncomfortable and, sometimes, dangerous situations whether it is intentional or not. As highlighted in our past blogs on this topic, if you have a standard Homeowners policy, you will likely have little protection from the legal liabilities that can result from inappropriate actions via the internet.

Read More

Topics: Breach of Security, Claims Management, Cyber Risk, Cyber Security, HCP, Human Capital, Human Capital Practice, Personal Lines, Reputational Risk, Risk Management Blog, Social Media Risk

Personal Risk Management – First in a Series – Personal Umbrella – Are you Protected for a Catastrophe?

Posted by Albert Sica on Sep 27, 2010 9:07:00 AM

I advise many of our clients on their personal risk management and insurance issues. An often overlooked area is a family’s Personal Umbrella coverage and limit.

Read More

Topics: Personal Lines

The ALS Group

Risk Management Blog

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

Subscribe to Email Updates

Posts by Topic

see all