Tornadoes occur with the greatest frequency during late spring and early summer months between the hours of 4 p.m. and 8 p.m. According to the National Oceanic and Atmospheric Administration (NOAA), every one of Texas’ 254 counties has seen at least one tornado between 1950 and 2023. The most active region in Texas for tornados is the Red River Valley of North Texas.
In 2021 alone, there were 34 school shootings, 24 of which occurred after August 1. A shooting on November 30, in which a student killed four people and injured seven at a Michigan high school, was the deadliest school shooting since May 2018. As of the end of 2021, there were 92 school shootings since 2018.
When making a property insurance purchase decision, the most critical factor is the balance between insured risk and risk retention. Risk retention is usually measured in the amount of exposure to the fund balance in the event of a major property claim.
Timely and effective claim reporting is crucial in managing incidents and ensuring a smooth claims process. Whether it's property damage, bodily injury, legal liability, or cyber incidents, prompt action can help mitigate losses and minimize disruptions.
The most impactful way for construction companies to drive down and increase control over major expenses, and find a solution to positively impact their future, is to be aware of their employee benefits costs.
Catastrophic or “CAT” deductibles are the deductible amounts you pay in event of a loss caused by a catastrophic event, which can include named-storm wind, tornado, hail or flood. Your property coverage is often a combination of policies each designed to respond depending on the type of event that caused the insurable loss.
Recent events serve as a stark reminder that devastating incidents can occur not only through shootings but also with seemingly ordinary items like knives and vehicles. In such cases, institutions can face substantial liability if they fail to adequately protect non-staff members from harm.
Working on existing wells to restore or increase oil and gas production is an important part of today’s petroleum industry, yet these operations present many occupational hazards for workers. The following list highlights potential hazards and safety solutions to promote a hazard-free work environment.
The insurance healthcare landscape is constantly evolving, with new medical treatments, technologies, and policy requirements emerging regularly. With professionals from various healthcare disciplines and backgrounds, the INSURICA Healthcare Practice team can assess risk and design insurance plans from multiple angles.
You’re good at your job and you love what you do. However, every time you come to work, you risk suffering an injury. The construction industry is one of the most hazardous in the United States, and many of the injuries that occur on construction sites are caused by these top four hazards: falls, struck-by, caught-in-between and electrocutions.
