<![CDATA[Articles]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2019 2019-12-08T19:37:05-05:00 <![CDATA[Don’t Let a Contract LEED to Liability]]> https://risk-strategies.com/knowledge-center/article/dont-let-a-contract-leed-to-liability#When:21:19:28Z No matter how skilled the surgeon, they cannot – and will not – guarantee the results of a surgery. Always going in with the best of intentions, the result is typically left to forces beyond their control.

The same can be said of architecture and engineering firms contracted to design a LEED-certified building, with admittedly lower stakes.

LEED (Leadership in Energy and Environmental Design) is the most widely used green-building rating system in the world, commissioned by the U.S. Green Building Council. As the country continues to confront the effects of climate change, most organizations are working to lessen…]]> 2019-11-21T21:19:28+00:00 <![CDATA[California Law Shakes up Gig Economy]]> https://risk-strategies.com/knowledge-center/article/california-law-shakes-up-gig-economy#When:17:11:01Z On September 18, California Gov. Gavin Newsom signed Assembly Bill 5 (AB5) into law, making California the first state to require businesses to hire workers as employees in certain industries instead of using them as independent contractors. It’s a move that’s sure to have reverberating effects on the gig economy.

The law was aimed at companies like Uber and Lyft that rely on a workforce of drivers who use their own cars and carry their own insurance, but it applies to other industries, including trucking, health care and media. AB5 is intended to protect workers who are classified as independent…]]> 2019-11-04T17:11:01+00:00 <![CDATA[Q&A with Risk Strategies Founder Mike Christian ]]> https://risk-strategies.com/knowledge-center/article/qa-with-risk-strategies-founder-mike-christian#When:16:10:39Z Editor’s note: Mike Christian, a 40-year veteran of the insurance industry, founded Risk Strategies in 1997. After growing the company into one of the largest and most prestigious specialty insurance brokerages in the United States, he is shifting gears - relinquishing the CEO seat to take a position as Executive Chairman. Here, he reflects on his time at the helm, giving thanks and looking toward the future.

What are you most proud of about Risk Strategies?

The thing that is most striking to me is how many great people we have in the company, both those who have been here…]]> 2019-11-04T16:10:39+00:00 <![CDATA[Reinsurance Protects Against Rising Drug Costs]]> https://risk-strategies.com/knowledge-center/article/reinsurance-protects-against-rising-drug-costs#When:17:50:51Z Consider these astonishing statistics about the cost of specialty drugs in the U.S.:

  • Zolgensma, which cures spinal muscular atrophy in children, costs $2.1 million for a single course of treatment
  • Actimmune, Myalept, and Daraprim, which are filled at pharmacies and self-administered, all cost over $40K for a typical monthly supply
  • From 1998 to 2017, the average per-patient cost for orphan drugs increased 26-fold. 88% now cost more than $10K per patient per year
  • Between 2013 and 2017, the national spend on prescription drugs rose by 25.7%

In the era of gene therapy, cures for once-incurable diseases are getting…]]> 2019-11-01T17:50:51+00:00 <![CDATA[Catastrophic times make planning essential]]> https://risk-strategies.com/knowledge-center/article/catastrophic-times-makes-planning-essential#When:19:20:10Z Winter, spring, summer or fall, no season is immune from a catastrophic event requiring a quick evacuation. No matter if it’s a hurricane, wildfire, flood, earthquake or other catastrophe, being well prepared ahead of time to make a quick getaway can make all the difference for you and your loved ones.

What to take? What to leave? Preparing a box for each family member with their “Essential P’s” and keeping them ready to go, will eliminate the guesswork and scrambling when the need to evacuate arises.

So what are the “Essential P’s”?