Julie Layton, ARM

Hurricane Helene made landfall this week as a Category 4 hurricane, causing widespread damage, devastating flooding, and leaving millions without power. So many resources and tools to help from our talented teams. Stay safe and access direct claims information immediately.   Gallagher is ready to help ➡ https://lnkd.in/gnu5KC92   #insurance #riskmanagement #claims #safetyfirst

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BMS Tropical Update 09/27/2024 The "No Surprises" initiative aims to provide the insurance industry with insightful updates on tropical events like Hurricane Helene, highlighting the event's unique impacts on insurance-related concerns. While agencies like the National Hurricane Center provide vital forecasts, these BMS Tropical Updates focus on key nuances relevant to insurers, such as tree fall, storm surge, building density, and how catastrophe risk models might respond. Hurricane Helene made landfall in Florida’s Big Bend as a Category 4 storm, marking a record eight Category 4 or 5 U.S. Atlantic hurricane landfalls since 2017. Despite clear warnings, the event underscores the ongoing production gap in flood insurance, with many affected areas having minimal coverage, leading to significant uninsured losses. We need to remember the catastrophic models likely do not have events that match Helene forward speed, size, and intensity, and it will be a few days until they can provide realistic events for loss estimate. As Helene continues to affect inland areas, particularly the Appalachian region with record rainfall, flooding and potential landslides, the insurance industry is gleaning new insights for future preparedness. While additional work on intensity forecasting is needed, improved forecast models did accurately predict Helene’s severity. In response to these challenges, research teams and technology, such as drones and Doppler radar, captured valuable data during Helene, offering critical information for future loss analysis. Additionally, advanced storm mitigation measures, like Tampa General Hospital's AquaFense, showcased effective ways to limit damage. Despite Helene’s destruction, the insurance industry’s ability to adapt and build resilience continues to evolve. For more detail above below, take a few minutes to read and get educated on a unique aspects of #Helene that you likely won't read any other place. ⬇ https://lnkd.in/g_4PA7TJ Below is the BMS iVision 3 second wind gust swath, which is a geospatial data layer BMS clients can use to understand wind impact to specific risk better and apply damage ratio to get an idea of loss. This data layer from Verisk Respond gets updated four times a day and depicts at a high resolution what types of wind gusts could be experienced over the entire life of the storm. Other data layers include 1 wind speed, wind duration, and accumulated rainfall. #HurricaneHelene #TropicalUpdate #HurricaneSeason #Insurance #Reinsurance

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With a very active #hurricane season on the horizon, focus on loss prevention and mitigation is key. https://ow.ly/PKpF30sCy7K #hurricaneseason #lossprevention #riskmitigation

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The way we live, work, shop, and play continues to evolve dramatically, creating new exposures that can have serious impacts on liability risks and insurance. Join the complimentary webcast to discover how General Liability (GL) and Businessowners (BOP) policies must continue to evolve to react to today’s realities and learn: ✔️How assigning risks with the correct classifications facilitates the charging of adequate premiums ✔️The nature of the risks you’re adding to your books, and how to manage them ✔️How to directly respond to an ever-changing risk environment ... And more! Register today: https://vrsk.co/49xL2YZ

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ICYMI📣: Munich Re Specialty - North America's 'Medical records documentation challenges in senior living: Best practices for success and defensibility' webinar. Kathleen Shostek, Healthcare Loss Control Expert. Munich Re Specialty – North America and Amie Costello, Vice President of Risk Services, Pendulum addresses the complexities of effective medical records documentation and offers practical solutions to common challenges. View the recording here: https://ow.ly/4KHj50TohQM #MunichReSpecialty #HealthcareFacilities

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Recent claim scenarios and business trends in the food industry have shed light on coverage gaps relating to Product Recall and Errors and Omissions (E&O). Join the webinar to learn how to bridge this protection gap through an Integrated Products Casualty Program. Gain valuable knowledge about food-related exposures and understand why having a comprehensive insurance program from Chubb is critical in ensuring your client’s business is fully protected. Register for the event: https://bit.ly/4bjRNPH

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BMS Group Tropical Update 10/10/2024  Hurricane Milton’s landfall near Siesta Key, Sarasota, represents a significant event in Florida’s history with major storms. As the 44th major hurricane to strike the state since 1851, #Milton demystified the local belief that Sarasota is protected by Native American burial grounds. Notably, this is the first direct hurricane impact on Sarasota since record-keeping began. With winds reaching 120 mph and a pressure of 954 mb, Milton became the fifth Gulf Coast hurricane to make landfall this year, three of which struck Florida. This year’s heightened hurricane activity continues to contrast sharply with the period from 2006 to 2017 when no major storms made landfall in the Gulf. The rapid succession of two major hurricanes in Florida, the shortest gap since 1950, highlights the growing risks the region faces. While Tampa narrowly escaped the worst of Milton's wrath, Sarasota and surrounding areas faced significant impacts. Preliminary assessments suggest that Milton could be the most severe hurricane to hit the Tampa Bay area in decades, possibly prompting the insurance industry to reevaluate its strategies for addressing such “Gray Swan” events. Despite many buildings adhering to Florida's stringent wind design codes, older structures remain vulnerable, and power outages across the region have raised concerns about the extent of storm-related damage. In addition to the hurricane's direct effects, Milton spawned over 45 preliminary tornadoes, making it one of the most prolific tornado-producing storms in the state's history. The insurance industry will closely monitor the situation as damage reports unfold, especially with the threat of additional tropical activity as the hurricane season progresses, which we will look at with this BMS Tropical Update. #TropicalUpdate #HurricaneSeason #Insurance #Reinsurance If you want more details on the specific impacts on the insurance industry, please click the link below. https://lnkd.in/g7fn-Ywa Below is the latest BMS iVision Verisk Respond 3-second wind gust product. This product helps clients better understand aspects of damage, such as areas with the highest wind gusts. However, there is much more. Other wind products, like the duration of winds and severe weather elements like extreme rainfall and tornado swaths from Canopy Weather, are also provided and shown. 

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the cyber risk dilemma... 5 questions to determine the value of a cyber coverage!

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Pollution is one significant risk that manufacturers face. Pollution incidents can lead to operational disruptions, regulatory fines, costly cleanup, and legal liabilities. Help safeguard your manufacturing clients with Chubb’s Pollution Liability Insurance. Learn more: https://lnkd.in/e5CFYQUY

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Chubb Accident & Health policies are designed to help cover the missing pieces in organizations’ current Workers’ Compensation, General Liability, Medical, and Life policies. That way, they can be better prepared to manage risks and stakeholders’ needs when unexpected accidents or illnesses occur.

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