At the 2015 Philly I-Day, Phillip Ellis, Chief Executive Officer, Global Solutions Consulting at Willis Group and James Coyle from Willis Group presented on how to convince your CFO or Treasurer that your insurance program is good value. The answer? Analytics.   The session began with focusing on why analytics are important to corporate risk executives. The presenters offered three primary reasons: To ensure that your risk financing strategies are optimally protecting your corporate financial objectives. To save money by optimizing insurance purchasing and leveling the playing field with insurers. To provide an audit trail demonstrating objective decision making. Risk managers use
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The opening session at Philly I-Day featured an Executive Panel discussing a wide variety of insurance industry concerns. The panel consisted of: Dr. Robert Hartwig, CPCU, President, Insurance Information Institute Patricia Henry, Executive Vice President, Global Government Affairs Officer, ACE Group Michael L. Liebowitz, Senior Director of Enterprise Risk Management and Insurance, New York University Robert S. Schimek, Vice President and Chief Executive Officer of the Americas, AIG Moderator: Roger C. Fell, ARM, CPCU, Managing Director, Marsh USA The session started with Dr. Hartwig discussing property/casualty insurance market challenges, opportunities and disruptors. The highlights of his presentation included: 2014 was
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This week Conference Chronicles will be attending Philly I-Day in Philadelphia, PA where we will be reporting from sessions covering a wide variety of risk management topics.   For more details about this event please view their web site https://phillyiday.com

The closing session at the 2015 Advisen Casualty Insights Conference was the executive panel consisting of Tony DeFelice – AON (moderator), Mark Butler – Liberty Mutual, John Doyle – AIG, Chris Maleno – ACE, Andrew Marcell – Guy Carpenter, and Glenn Spencer – Lockton. This session was a question/answer format. Question: What is driving reserve releases in the casualty industry?  Answer: Carriers have been more disciplined in their pricing the last few years which has boosted surpluses. Question: The fed is poised to raise interest rates. Since inadequate interest rates have been a factor in the need for increased premiums
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At the 2015 Advisen Casualty Insights conference, a panel discussed cyber insurance in the casualty insurance industry.  The panel consisted of Joe Cellura from Allied World, Ron Beiderman from ISO, Jerry Gallivan from Travelers, Josh Gold from the law firm Anderson Kill, and Michael Tanenbaum from ACE.  In numerous surveys, risk managers have ranked cyber risk as their top concern. Cyber claims take many forms, including online data breaches and the loss of a laptop or thumb drive. The panel stressed that, as an industry, we need to develop a common language when we talk about this issue to avoid
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At the 2015 Advisen Casualty Insights Conference, Lisa Lang, Michael Hudzik, Michael O’Brien and Scott Godes discussed risks associated with the “Internet of Things” (IOT).  The focus of their session was sensory devices that are communicating via the Internet. IOT devices include wearables such as wristbands and watches, smart phones, and smart technology in cars, televisions, home HVAC systems and home security systems. It is estimated that 5 million devices are connected to the Internet today – a statistic that is expected to continue to grow exponentially in coming years.  In fact, there were over 900 exhibitors with IOT devices
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At the 2015 Advisen Casualty Insights Conference, the topic of drones and risk management concerns related to them was discussed by Justin Green, Aviation Attorney at Kreindler & Kreindler and Thomas Klaus, Vice President at Willis Aerospace. Drones currently have widespread application in a variety of industries: Law enforcement uses them for surveillance and search. The insurance industry uses them to look at unstable roofs. Journalists are using them for photography in war zones. The oil and gas industry uses them to inspect pipelines. The motion picture and television industry is now using drones for most overhead shots instead of
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This week Conference Chronicles goes beyond worker’ compensation and will be reporting from the Advisen Casualty Conference in New York City. Here is the link for more information about the event: https://www.advisenltd.com/events/conferences/2015/03/26/2015-casualty-insights-conference-new-york/  

At the FMI Asset Protection Conference on March 10, 20 we attended a session on OSHA recordkeeping, whistleblower complaints and union organizing, and how these things fit together.  The speakers were: Melissa Bailey, Shareholder, Ogletree, Deakins, Nash, Smoak & Stewart, P.C. Ruthie Goodboe, Shareholder, Ogletree, Deakins, Nash, Smoak & Stewart, P.C. Under the OSHA injury / illness reporting requirements effective 01/01/15, you are required to report to OSHA within 24 hours any fatality, hospitalization of one or more employees, amputations, or loss of an eye. This can be done by calling the OSHA 24-hour hotline.  The unexpected change in these regulations is that
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At the FMI Asset Protection Conference on March 10, 2015, I attended a session on the subject of categorizing jobs appropriately.  The presenters were: Jamie Wright, Corporate Safety Manager, Safeway Inc.  Mike Raub, Director of Business Development, BTE The initial step in categorizing your jobs is a Physical Demands Analysis. The main elements in this are: Onsite data analysis Categorize data in accordance with US DOL Handbook for Analyzing Jobs Link essential functions and demands of jobs Other considerations include where the data from the jobs analysis is stored.  Is this on a web site or something as simple as a three-ring
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