Insights

NFP's national claims practice works to empower and enhance our clients' ability to address their losses and exposures through various key performance indicators (KPIs) to improve upon their future placement strategies through analytics. Our approach to monitoring KPIs allows us to identify trends in the losses and quickly take corrective actions to reduce future exposures. Our review of carrier claims processes and administration assists our clients in maintaining stricter controls allowing fo

Law firms are a prime target for hackers and cyber thieves. While not as obvious a target as a financial institution that houses massive amounts of personal financial information, or a healthcare or retail organization holding credit card or health information, law firms are unique in terms of the corporate confidential information they are responsible for. Trade secrets, merger and acquisition plans, and financial account and fund information are a small sampling of the information within a la

The good news is that people are getting back outside. The bad news: outdoor recreation is not happening at the same levels as last year. As travel across the country slowed to nearly a halt in the spring of 2020, the summer months did not bring much relief for outfitters, lodges and guided tour companies. Forced to limit group sizes or find workarounds that accommodate physical distancing recommendations, some organizations struggled to keep their businesses up and running at a time when life

The last few months of 2020 could be the time when many people finally take that vacation they’ve been putting off since last summer. And plenty of travel plans were spoiled this year: 86% of travelers delayed air travel over potential health concerns, reports Bloomberg. TSA reported in July 2020 that the average number of travelers screened was down 75% from that same timeframe in 2019. Now that some countries are easing their restrictions on tourism, many popular destinations are setting up p

Rising healthcare costs in the U.S. due to government policy, chronic illnesses, and inefficiencies make medical care increasingly unaffordable.

Glamping is a booming trend in the hospitality industry, attractive to people who want an outdoors experience but do not want to live the RVers' life or own a garage-full of camping equipment. They may not have ready access to a natural environment, and they want to enjoy it and share their outdoor experiences with their social media circles. As more campground/glamping businesses rise to meet the needs of glampers, each has to find a way to be distinctive. A business can make itself distinct i

Wrap-up insurance programs are one of the most popular risk management tools used in today's construction world. These programs are utilized on every form of project, including residential buildings, stadium projects, and large road and highway civil projects, providing owners, developers and general contractors alike with better insurance coverage and enhanced cost savings. But what is a wrap-up insurance program and what problems does it solve? In the traditional insurance model for construct

We will all probably agree that the best claim is the one which never occurs. However, claims will happen, and effective management of them is critical to the operational and financial success of any company. This article is intended to point out key areas of opportunity for employers to mitigate their claims exposures, beyond the carrier. Special Claims Handling Instruction Communication = Knowledge = Power Communication Protocols: At the inception of your policy, create communication paths wh

The rise of social engineering claims, along with the number and sophistication of attackers, has grown exponentially in recent years. Cybercriminal agendas range from political to economic to social. As attacks and attackers have matured in recent years, c-suite leaders and their teams are continually targeted in new and innovative ways. To mitigate these factors, companies must plan around individuals who are more at risk for an attack, specifically those that attackers can easily link to the