<![CDATA[Blog]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2019 2019-11-18T10:52:14-05:00 <![CDATA[In a Tightening Insurance Market, Details Matter]]> https://risk-strategies.com/knowledge-center/article/in-a-tightening-insurance-market-details-matter#When:14:47:34Z In the U.S., climate change is having negative effects from coast to coast. Scientists, government agencies and the public are beginning to feel firsthand the perils of a warming atmosphere and rising sea levels. From an insurance perspective, claims are at historical highs due to losses caused by stronger, slower hurricanes on the East Coast, wind and hail in the Midwest, and wildfires out West.

According to Chubb’s “Market Trends and 2019 Opportunities” report, “In the last 17 years, the total number of natural events has doubled. Trends suggest continued growth should be expected.” Natural events include tropical cyclones, winter…]]> 2019-10-17T14:47:34+00:00 <![CDATA[Large-Scale Artwork Requires Extra Planning at Art Basel]]> https://risk-strategies.com/knowledge-center/article/large-scale-artwork-requires-extra-planning-at-art-basel#When:14:07:37Z Art Basel Miami Beach is one of the most important art fairs in America. This December, an ambitious new exhibition area, Meridians, will house large-scale projects inside the Miami Beach Convention Center’s Grand Ballroom where installations, videos and performance art that’s too big for traditional booths will be displayed, discussed, applauded, critiqued and altogether impossible to miss.

But artwork that gargantuan comes with a special set of risks.

In this blog we wrote last year, we talked about how art galleries can prepare for Art Basel with proper planning and coverage. The sheer scale of Meridians adds new…]]> 2019-10-16T14:07:37+00:00 <![CDATA[Navigating M&A Risk for Foreign Buyers ]]> https://risk-strategies.com/knowledge-center/article/navigating-ma-risk-for-foreign-buyers#When:17:27:20Z Merger and acquisition (M&A) activity in the U.S. has seen an extraordinary surge in the last couple of years. In the first quarter of 2018 alone, there were 952 deals worth $330.8 billion. By all accounts, the red-hot M&A market is only expected to keep heating up in the next three to five years.

Private equity (PE) firms face growing competition from cash-rich strategic investors. “Strategics,” as they’re referred to, are corporate investors or conglomerates that typically invest in like industries with an eye toward acquiring the companies they invest in.

Competition to snatch up U.S. companies also…]]> 2019-10-15T17:27:20+00:00 <![CDATA[Honoring Our Entrepreneurial Roots]]> https://risk-strategies.com/knowledge-center/article/honoring-our-entrepreneurial-roots#When:13:23:20Z Managing, mitigating and understanding the unique risks of our clients is how Risk Strategies has built a national reputation for expertise with half a billion in revenue and nearly 1,800 employees. So naturally, when Founder and CEO Mike Christian started thinking about the company’s future after 22 years at the reigns, the issue of leadership succession was met with the same level of careful consideration and planning that we give our clients every day.

Both Mike and I wanted to ensure the change in leadership caused minimal disruption for the company, that we were both aligned on the future of…]]> 2019-10-15T13:23:20+00:00 <![CDATA[Can Oncology Care Model (OCM) Providers Protect Against Two-Sided Risk?]]> https://risk-strategies.com/knowledge-center/article/can-ocm-providers-protect-against-two-sided-risk#When:15:27:50Z A current move from fee-for-service to value-based care is a paradigm shift in our national health care system that is disrupting the ways that hospitals, physicians and health care groups manage risk. Oncology practices that currently participate in the Centers for Medicare & Medicaid Services’ (CMS) Oncology Care Model (OCM) will have to decide very soon whether to join in the new two-sided risk payment model or exit the Medicare reimbursement program altogether.

For oncology practices that administer chemotherapy and cancer treatments, worst-case scenarios can be an extremely risky exposure. Under the OCM program, some of that risk — along…]]> 2019-10-08T15:27:50+00:00 <![CDATA[Key Person Coverage Protects Your Revenue Stream]]> https://risk-strategies.com/knowledge-center/article/key-person-coverage-protects-your-revenue-stream#When:14:53:29Z Whether you’re a small company just starting out or in the Fortune 500, every organization has key people who add tremendous value to the company. Key people can be CEOs and company executives, or anyone who generates revenue. Unexpectedly losing them to death or disability creates economic hardship on the company.

Key person term life and disability insurance is an economical way to directly protect a company’s revenue stream if a key person dies or becomes disabled and is unable to work. Unlike individual life insurance, the owner and beneficiary of a key person policy is the company itself.

And,…]]> 2019-08-26T14:53:29+00:00 <![CDATA[A Year after China‚Äôs National Sword Policy, U.S. Recycling Shows Some Progress]]> https://risk-strategies.com/knowledge-center/article/a-year-after-chinas-national-sword-policy-u.s.-recycling-shows-some-progress#When:14:48:51Z Last year, we wrote a blog on how China’s “National Sword” policy left the U.S. recycling market in a precarious position with no place to export the nearly 4,000 shipping containers of recycling waste sent from the U.S. to China every single day. A year and a half later, we wanted to look at out how the market has fared. What changes, if any, has China’s position affected in recycling policies around the country? And what can we expect in the near future for recycling?

China’s National Sword Policy

For the past 25 years, American materials recycling facilities (MRFs)…]]> 2019-08-26T14:48:51+00:00 <![CDATA[Expect to Pay More for D&O Insurance this Year]]> https://risk-strategies.com/knowledge-center/article/expect-to-pay-more-for-do-insurance-this-year#When:14:34:08Z Ripples of a pivotal Supreme Court ruling. Massive D&O settlements. Near-record numbers of federal securities class action lawsuit filings. Rising defense costs. Fewer publicly traded companies. The #MeToo movement. Thanks to these market trends over the last several years, it’s been an extraordinarily costly year for those who purchase directors’ and officers’ liability insurance.

The world’s top D&O insurers are starting to write less business and charge more for coverage.

Over the last 13 years, thanks to an abundance of capital in the market, both private and public companies have grown accustomed to lower pricing year after year. For example,…]]> 2019-08-22T14:34:08+00:00 <![CDATA[Filmmaking Risks in the Age of Climate Change]]> https://risk-strategies.com/knowledge-center/article/filmmaking-risks-in-the-age-of-climate-change#When:14:27:06Z For filmmakers and their investors, extreme weather events can turn a potential blockbuster into a money pit. Severe conditions can derail a shoot that is in Prep or halt filming that’s already in progress, racking up huge expenses in delay costs and damages. Over the last decade, global climate change has posed increasing risks to filmmakers, as storms have escalated in frequency, severity, duration and geographic reach, from hurricanes reaching Atlanta for the first time in 2018, to air pollution threatening production in Beijing.

New climate reports from scientists and government agencies warn of the rapidly growing threats almost weekly.…]]> 2019-08-22T14:27:06+00:00 <![CDATA[Design Delegation: Who Bears the Risk? ]]> https://risk-strategies.com/knowledge-center/article/design-delegation-who-bears-the-risk#When:20:51:58Z All too frequently, design firms incur significant liability not because they did something wrong, but because they failed to carefully scrutinize their contracts and left too much room for ambiguity. Contractual certainty, and documentation of communications, becomes increasingly important when it comes to design delegation. 

Together with growing pressure to shorten project schedules and decrease costs, there is a general acknowledgment that specialty subcontractors often have their own approach to fabrication and installation of project components such as curtain wall systems, fire suppression systems and the like. It is therefore becoming increasingly common for architects and engineers to delegate aspects…]]> 2019-08-13T20:51:58+00:00