Risk & Insurance Lexington Insurance article: Market Changes are Coming
Recent catastrophes combined with pre-existing soft market conditions stand to spark rapid market changes. Best-in-class insurers will emerge stronger.
Risk & Insurance Lexington Insurance article: Innovation at the Pace of Change
As the U.S. economy continues to evolve, no other insurance segment will be better able to meet the demands of a rapidly changing liability landscape than the E&S market.
Lexington's David Kennedy on Insurance Business America Hot 100 list for 2017.
Lexington's David Kennedy has been recognized by Insurance Business America for inclusion on their Hot 100 list for 2017. The list recognizes influencers, innovators, and game-changers making an impact in the insurance industry. Kennedy, Head of Product Development at Lexington, has been driving the development of unique solutions and services and reinvigorating a culture of innovation among employees across AIG through the organization's global Innovation Boot Camps and Crowdsourcing Challenges. Click here to view list.
Handling Heavy Equipment Risk with Expertise - Risk & Insurance Magazine.
Large and complex risks require a sophisticated claims approach. Partner with an insurer who has the underwriting and claims expertise to handle such large claims. Click here to read the article.
If you live near hurricane prone areas, have a plan of what to do before,during, and after a hurricane strikes. To get ready before a hurricane, here are some tips and suggestions to put a plan in place.
Unusual for the extent of inland flooding it caused, Hurricane Irene was the first major hurricane of the 2011 season. Irene caused an estimated $15.6 billion in total damage, which makes it the sixth most costly hurricane in United States history.
Making landfall in Louisiana on August 29, 2012, the seven
year anniversary of Hurricane Katrina, Hurricane Isaac was a Category 1
hurricane that released up to 20 inches of rain, caused extensive flooding, and
had a storm surge up to 11 feet. Find out more about this storm here.
Superstorm Sandy had winds that reached as far as 1,100 miles from end to end making it the largest Atlantic tropical storm on record. The impact from Sandy stretched from the Caribbean to New England, causing a record-breaking 13 foot storm surge in New York City and ultimately cause the second most expensive storm on record for the United States, with an estimated $50 billion in total damage.
Our Superstorm Sandy infographic shows the Big Picture from the storm’s path, to wind speed to amount of damage and more. Check it out
Homeland Security Series #5: Global Risk of Terrorism (For Brokers)
Ten years after the terrorist attacks of 9/11, the threat of terrorism continues to evolve both in the United States and abroad. This podcast addresses the increased focus on commercial targets by terrorist groups. It also provides a global survey of the growing number of terrorist events directed both at the U.S. homeland as well as key economic centers around the globe such as Africa, East Asia, Europe, the Middle East, South and Central Asia, and Latin America.
Homeland Security Series #4: Evolving Terrorism (For Brokers)
This podcast addresses the increase in the number of disrupted terrorist attacks, the rise of home grown terrorism, and the continued threat of large scale attacks - and how terrorism continues to evolve and the political and economic impact for the foreseeable future.
Homeland Security Series #3: Risks Associated with Catastrophic WMD Terrorism Incidents (For Brokers)
Almost a decade after the tragedy of 9-11, terrorist activity in the United States and abroad continues to warrant a high level of concern for national security experts. From disrupted terrorist plots to the attempt to blow up an aircraft bound for the United States on Christmas Day 2009, the terrorist threat remains an issue.
Homeland Security Series #2: Al-Qaeda and the Threat of Terrorism in the United States. (For Brokers)
Homeland Security Series - Installment II: Brian Jenkins, one of the world's leading authorities on terrorism and sophisticated crime, discusses terrorist groups.
Homeland Security Series #1: Government Resources and the WMD Scorecard (For Brokers)
Brian Finlay shares the Weapons of Mass Destruction Scorecard and his perspective on how the US Government is aligning resources to ensure safety at home and abroad.
LexArchaeology (For Brokers)
Section 106 of the National Historic Preservation Act (NHPA) of 1966 requires Federal agencies to take into account the effects of their undertakings on archeological and historic properties. This LexCast discusses the requirements of the Section 106 process, loss exposures faced by project owners, and prudent risk management techniques for project owners during the planning process and at the time of an unexpected discovery.
Low-Income Housing Tax Credits (LIHTC) (For Brokers)
The Federal Low-Income Housing Tax Credits (LIHTC) Program is one of the most important incentives for creating affordable rental housing in the United States today. In this webcast, Jeffrey S. Lesk shares his expertise on the LIHTC program, the affordability commitment, and the risks and exposures involved.
Spoliation Torts (For Brokers)
Lexington Insurance has developed an innovative new coverage enhancement designed to provide a solution for legal liability arising out of spoliation, defined as the unintentional destruction, alteration, or loss of property that serves as material evidence in a legal proceeding.