PCIA (Professional Concepts Insurance Agency)的动态

After #RiskWorld2024, I listened to brokers, carriers, and clients about the future of property risk. Increased capacity is helping the market, and we're seeing some rate relief, but storms (and aggressive underwriting) persist. We’re currently monitoring Hurricane Helene getting ready to hit Florida Modern risk management requires disaster preparedness partners for immediate response - property insurance alone isn't enough. Proactive plans are crucial to minimizing interruption costs. As storms continue to challenge aging infrastructure, BELFOR is here to help you stay ready and recover immediately. Let us take some of that risk off your plate.

?? Important Update for Business Owners Affected by #HurricaneMilton FinCEN has just announced a 6-month extension for Beneficial Ownership Information (BOI) reporting deadlines for businesses impacted by Hurricane Milton. Who Qualifies?? ? Your business must have its principal place of business in areas designated by both #FEMA (for assistance) and #IRS (for tax relief) ? Your BOI filing deadline must fall between Oct 4, 2024 - Jan 2, 2025 Key Points: ?For businesses registered before Jan 1, 2024: New deadline extended to July 1, 2025 ?Additional areas may be added as IRS designates more affected regions ?Relief applies to both initial reports and updates/corrections Need assistance? Visit www.fincen.gov/boi if your business is outside the affected area but your records are located in the disaster zone. For disaster recovery assistance: www.disasterassistance.gov Source: FIN-2024-NTC11 (October 29, 2024) #BusinessCompliance #HurricaneMilton #FinCEN #BOIReporting #BusinessOwners #RegulatoryUpdate Ruth Buchanan Michael Aller

??? As Hurricane Francine moves out, the response and recovery process begins. At The Sulzer Group, we are here to support you through every phase, ensuring a smooth and efficient recovery. Whether you’re navigating insurance claims, coordinating FEMA public assistance, or restoring critical operations, our team is ready to provide expert guidance and hands-on support. We specialize in: -Disaster recovery efforts -Insurance recovery and claims management - FEMA public assistance navigation - Business continuity and crisis management With a proven track record of helping communities and organizations recover from crises, The Sulzer Group is here to ensure that your operations are restored as quickly as possible. Preparation. Response. Recovery. — it’s what we do best. If you need assistance, reach out to us at (504) 299-3380 or (866) 767-9869. Follow us for updates as we continue working to support our clients through this recovery phase. #DisasterRecovery #HurricaneFrancine #BusinessContinuity #FEMAAssistance #InsuranceRecovery #TheSulzerGroup

??? Hurricane Milton Could Cost Insurers 55 Billion €. Hurricane Milton did have a heavy impact for the Florida's Gulf Coast, leaving behind an estimated insurance loss of up to 55 billion euros. This Category 5 storm, one of the most destructive in recent history, mirrors the impact of Hurricane Ian in 2022 and Hurricane Katrina in 2005. As insurers brace for significant losses, reinsurance rates are expected to spike, reflecting the growing costs of climate-related events. Though the industry is better prepared, with improved reinsurance contracts and stronger financial reserves, the financial fallout will likely reshape risk strategies and pricing models. ?? Implications for the policyholders are that there will be - Higher Premiums , Tightened Terms, Local Market Volatility and need for Increased Risk Diversification. This event underscores the urgent need for innovative risk management solutions and long-term strategies to mitigate the impact of climate-related catastrophes. The biggest #challenge in this storm seems to been the high and extreme winds caused by the it??. #HurricaneMilton #Insurance #Reinsurance #RiskManagement #ClimateChange #InsuranceIndustry #Florida #localrisksglobalinsured #insuranceinnovation #consulting #adobe #firefly

Hurricane Andrew's $27.3 billion (equivalent to $61 billion in 2024) loss event sent shockwaves through the insurance industry that continue to resonate today. The storm exposed critical vulnerabilities in existing risk models and demonstrated conclusively that flat-rate deductibles were inadequate for catastrophic events. ?? Perhaps most importantly, it revealed dangerous concentration risks in carrier portfolios that had previously gone unrecognized. The resulting wave of insolvencies reshaped market dynamics and catalyzed the development of modern catastrophe modeling. Carriers that survived emerged with a new appreciation for the importance of sophisticated risk management tools and properly structured deductibles. ?? Read more here ?? https://lnkd.in/gfbTfCt3 #RiskManagement #InsuranceIndustry #DisasterResilience

With hurricane season fast approaching with its challenging property renewals, tightening risk control for business interruption is often a difference-maker in obtaining renewals and coverage. McGriff's "How to Minimize Business Interruption During Hurricane Season" article covers important considerations related to Business Information (BI) insurance, including common gaps in coverage, tips to minimize the impacts of a hurricane, and how to implement best practices. #riskmanagement #riskcontrol #insurance

Data is useless without the application of it to your processes. Five P&C insurers have been fined in recent weeks by the Florida Office of Insurance Regulation for failing to properly handle claims after Hurricane Ian. Last week I spoke at the McKenzie Intelligence Services breakfast briefing on how insurers can take control of catastrophe claims processes through technology and data, and most specifically, the application and action on that data. During the briefing I launched the concept of First Notification of Incident (FNOI), and how insurers can utilise data to be proactive with claims processes, to have answers ready for when First Notification of Loss happens, and to delight their policyholders. Read our case study on Hurricane Ian and reach out if you want to know how you can implement FNOI. https://lnkd.in/e9mT-HaJ

??? Are You Truly Prepared for the Next Big Storm? ?? At Altieri Insurance Consultants, we believe preparation is the best defense. That’s why we’re proud to offer our Pre-Loss Program, designed to give policyholders peace of mind before disaster strikes. Here’s what we provide: ? Policy Evaluations: Ensure your coverage aligns with your needs, so there are no surprises when you need it most. ? Disaster Playbook Reviews: We’ll help refine your response plans, so you’re ready to act with confidence. ? Annual Hurricane Preparedness Seminars: Get expert advice and actionable steps to protect your property and loved ones. Our goal? To help you mitigate risks, understand your insurance policies, and streamline your disaster recovery efforts. ?? Don’t wait until it’s too late—be proactive! ?? Contact us today to learn more about our Pre-Loss Program and how it can benefit you.n #PublicAdjusting #PublicAdjuster #InsuranceClaim #InsuranceClaims #FAPIA #NAPIA #CAM #CAI #CAMU #CAMUniversity #HurricanePreparedness #HurricaneSeason #Insurance #Florida

With hurricane season in full swing, FHS Risk Management is here to help you stay prepared and protected. As insurance consultants, we understand the various challenges these storms bring to real estate and hospitality sectors. That’s why our Claims & Loss Control Consulting Practice is ready to support you before, during, and after the storm. Stay connected with real-time resources like Red Cross Hurricane Preparedness (https://lnkd.in/eXRkB7n) Preparation is the best defense. Let’s work together to protect your properties and ensure the safety of team members, residents, and guests. For any storm-related claims or additional support, FHS is ready to assist every step of the way. Get in touch with our Claims & Loss Control Practice: Adrian Boga, Director of Claims ?? https://lnkd.in/exEUmZWU ?? Stay safe, stay prepared, and remember, we’ve got you covered. #HurricaneHelene #HurricanePreparedness #FHSRisk #RiskManagement #ClaimsConsulting #RealEstateInsurance #HospitalityRisk