Infrastructure, Industry Evolution and the International Reverse-Flow
The market has changed considerably in the last few years. It wasn’t that long ago that the industry was struggling with the loss of infrastructure revenue from fuel taxes and mass transit, putting significant strain on state and local budgets. Today, the steady increase in project size, scope and time constraints has brought with it a commensurate surge in pricing and scheduling overruns.
The Growing Threat of Litigation Abuse
Litigation abuse can affect both you and your businesses' financial gains in potential litigation. Discover how to mitigate risk for your organization.
Safeguarding Against Fraudulent Subcontractor and Vendor Bills in the Construction Market
In today's digital age, the construction market faces an increasing threat from cyber criminals targeting small and mid-sized construction companies. The average cost of data breaches globally in 2023 was $4.45 million. In the United States it was $9.44 million.
Into the Breach: Plan Ahead for Cyberrisks
Tim Nunziata, vice president and head of cyber risk, Commercial E&O at Nationwide, said that when it comes to a cyber incident, the idea of being able to put a plan in place post breach is not realistic.
8 EPL Questions for Nationwide’s Lynette Lyngaas
As an AVP at Nationwide, Lynette Lyngaas focuses much of her effort on understanding and mitigating the risks associated with artificial intelligence in recruiting, compliance with the Pregnant Workers Fairness Act, and managing the overall risks associated with underwriting employment practices liability (EPL).
Protection beyond insurance
Insurance can be a risky business, and it’s even riskier if you can’t offer your clients the complete protection they need to operate in compliance with local, state and federal bond requirements.
The next new norm
The construction industry is sensitive to economic and environmental risks in ways that surpass many other industries.
P3 Possibilities: Risk, Responsibility and the Surety Effect
Public-private partnerships (P3s) are growing as a way to deliver large infrastructure projects in the United States.
Regional bank failures shift underwriting perspective
The speed at which misinformation can travel online, however, will remain a contributor to uncertainty about the banking sector now and going forward.
Beware of artificial intelligence
Produced in partnership with RIMS, Nationwide and PK Law will discuss AI and recruiting. Listen to this recorded webinar titled: Be aware of artificial intelligence, it can cause very real trouble.
Nuclear verdicts promote a dangerous settlement
Live from RISKWORLD 2023, hear how outsized verdicts can drive other insureds to seek earlier settlements, which in turn can encourage additional litigation.
ESG reporting requirements
Environmental, social and governance reporting requirements are not particularly cumbersome for companies.
A day at the breach
When it comes to a cyber breach, there are a number of tools an insured can use to fight back.
Antitrust investigations into worker pay heat up
The U.S. Justice Department's antitrust division has sharpened its focus on collusive actions by companies to increase profits by suppressing wages.
Business email compromise explained
Business email compromise (BEC) - sometimes referred to as email account compromise - is a type of social engineering that is one of the most financially damaging forms of cybercrime.
Cyber markets might be stabilizing
Pre-breach services can help insurers prevent and prepare for cyberattacks.
Recognize, resolve and repeat: The essential elements of a successful risk mitigation plan
Construction is inherently risky and there's never a time that's risk free and all is well. In addition to general risks inherent in contracting, there often exist heightened specific risks related to other economic issues, e.g., fewer available projects due to recessionary pressures, severely tightened lending standards, etc.
What financial institutions should seek in a liability insurer
Financial institutions represent a broad array of entities that provide financial services, from banks to hedge funds, to mutual funds, insurance companies, investment advisers and other types of financial organizations. Each of these kinds of businesses faces specialized liability risks, and therefore they need specialized solutions to manage those risks.
3 things risk managers and brokers need to review before securing their crime & fidelity policy
There are several areas to review before picking the right crime and fidelity policy, from growing risk trends to the language provided in the form.
IIJA creates opportunities for small contractors and sureties, alike
The Infrastructure Investment and Jobs Act (IIJA) will soon inject hundreds of billions of dollars into infrastructure projects across the country, including roads and bridges, power grid updates, water infrastructure and railroad enhancements.
Let's Get Surety®!
On this podcast, Let's Get Surety is joined by veteran surety claims attorney Jim Milos of Nationwide to talk about how technology and data collection has evolved and their use in addressing surety claims.
How contractors can protect themselves from surety bond fraud
The construction industry depends upon the protection provided by surety bonds, guaranteeing performance and payment obligations. Unfortunately, fraudulent bonds do exist in the marketplace, negatively impacting owners, general contractors, subcontractors, and suppliers who rely on the security the bond provides.
Demand for MLS
Nationwide Management Liability & Specialty leader, Tom Iorio, discusses how data & analytics as well as other technologies such as artificial intelligence and machine learning are changing the game for management liability insurers.
Live from RIMS RISKWORLD 2022
Nationwide Senior Vice President Thomas Iorio and Associate Vice President of Management Liability and Specialty Group Joseph Werner said to mitigate risk, companies should formulate, communicate, investigate and accommodate.
Employment losses in the wake of COVID-19
A look at the most frequent types of employment losses to arise from COVID-19 and return to work.
Excess Casualty in excess
The Excess Casualty marketplace continues to experience large severity losses, driven by an increase in nuclear verdicts and social inflation. Look at some of the large-loss trends, according to Advisen's database.
Strategic opportunities to expand D&O in a shifting marketing environment
As the hard market of recent years continues to moderate, Nationwide Management Liability and Specialty is poised to leverage its strength, stability and industry expertise to expand in to the primary D&O market.