Big data and technology are disrupting risk-assessment norms, and insurers are rethinking how they fundamentally conceptualize risk itself. Traditionally, the focus was on the size or severity of claims—not the probability that there would be a claim in the first place. This incomplete concept of risk affects market share with insurers leaving potential profits on the table.
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Maiclaire Bolton Smith sits down with construction expert Glenn Bearden to discuss what’s really causing the spike in construction material prices—from the pandemic, to labor problems, all the way to the core of human behavior.
July 19, 2021 | 11:41am CT | 4:41pm GMT The flooding has been severe and is likely to continue over the next few days Severe
July 7, 2021 | 11:57 AM CT What’s happening? Elsa made landfall as a Tropical Storm along the western Florida coast roughly 50 miles southeast