Today’s industry professionals are very familiar with the phenomenon of social inflation, in which insurers’ claim costs increase faster than general economic inflation. In the medical malpractice space in which my team operates, I’ve observed case v…
May is Building Safety Month, an international campaign to raise awareness about the importance of building safety and what it takes to create and maintain safe, sustainable and resilient structures. As building consultants for Sedgwick’s property so…
The media recently shared an interesting take on inflation trends, and pointed out the divergence between overall inflation and medical inflation trends. Expenses are on the rise in nearly every area and as medical costs continue to increase, so do e…
It’s hard to escape the buzz surrounding ChatGPT, an innovative artificial intelligence (AI) tool that uses natural language processing to respond conversationally to human prompts for information and task requests. The chatbot and its underlying gen…
An interview with Margot de Villiers, head of marine and executive surveyor, major and complex loss, Australia; Aliette Fenton-Sharp, claims underwriting director, UK; and Elizabeth Gill, marine general manager, Malaysia May 18 is International Day …
Effective management of the costs associated with liability and workers’ compensation claims in the U.S. must include assuring compliance with the requirements of Medicare. It’s a tricky system to navigate and a bit of a moving target, but our team o…
Fire management decision makers are on high alert during National Wildfire Awareness Month. Each year, wildfires affect thousands of people and ravage millions of acres. The rise in wildfires can be attributed to forestry activity (or lack thereof), …
As COVID-19 continues to linger and mutate three years after the emergence of a global pandemic, there’s still much we don’t fully understand about its impact — and critical issues are becoming more evident. Among the most problematic is long C…
According to the Pew Research Center, each year, millions of Baby Boomers are retiring — leaving critical gaps in the U.S. labor force. While this talent gap continues to be a concern for companies across the country, employers that commit them…
We’ve known it all along, but it took a global pandemic to drive the lesson home: Resiliency and adaptability are the cornerstones of a successful risk management program. At this week’s RISKWORLD®, the 2023 RIMS conference and exhibition, we had the…
When enterprise risk managers develop organizational disaster response plans, catastrophes like tornados, hurricanes and earthquakes are usually top of mind. But, the possibility of a devastating fire cannot and should not be overlooked, as a fire lo…
Recent years have produced above-average storm seasons and, at the earliest estimation, 2023 is expected to continue this trend. It’s not a matter of if, but when a catastrophe will strike. During National Hurricane Preparedness Week and throughout t…
Ahead of the annual RIMS RISKWORLD Conference and Exhibition — and throughout the year — we all invest considerable time, effort and resources to find solutions and ideas to improve the well-being of our organizations and the people who s…
As we come together for RIMS’ RISKWORLD conference April 30 – May 3, Sedgwick’s focus is on helping clients and the broader industry imagine what’s possible with the right knowledge, resources and solutions. There will be many opportunities to engage…
Sedgwick’s Imagine 23 thought leadership list highlights “what if” scenarios. That is precisely the space in which we, as forensic accountants for the insurance industry, operate. Our job is to determine what would have happened from a financial pers…