Insurance is all about managing risk, whether it’s protecting property from fires, earthquakes or floods; vehicles from deer or close encounters with other cars; providing payment for injured workers; securing business interruption
coverage for dozens of possible perils; or guarding against a major data breach.
Every day policyholders purchase insurance to protect them against the
unexpected. The risks keep changing and so do the types of coverage required.
Over the past year, the number of data breaches from either malware or hacking
rose substantially according to Beazley, a provider of data breach response
insurance. The Beazley Breach Response Services unit responded to 60 percent
more data breaches in 2015 compared to the previous year, and the company
says that 32 percent of all incidents in 2015 were caused by hacking or malware,
compared to only 18 percent in 2014.
At the America’s Claims Event sponsored by Claims in Minneapolis on June
22-24, we’ll be exploring some of the emerging risks in the industry and we’ve
expanded our education tracks so there are sessions addressing Workers’ Comp,
automobile claims, legal issues, property and casualty, and risk management.
We’ve also combined our ACETech Conference into ACE as its own technology
track that will explore the issues involving the merging of legacy systems,
new technology challenges, what works and where to invest your money and
training, using Google Glass effectively, and how to maintain quality control in
As I spoke to attendees last year, they told me repeatedly that ACE gives
them the opportunity to network with their peers — to learn from them and
see what’s on the horizon for the industry. There are opportunities to meet with
insurance executives and decision makers in an intimate setting that encourages
idea exchange and helps identify best practices that will benefit the entire
We’ve added a track this year called “did you know?” that tackles subjects
either on the horizon that you need to prepare for now or issues that you don’t
encounter every day, but still need to consider. One of those topics involves
forensic restoration — crime scenes, hoarders, infectious disease scenarios, drug
labs and other unsanitary dwellings. You definitely can’t afford to miss it.
Since the event is sponsored by Claims magazine, our readers will receive
a special discount. When you to go www.americasclaimsevent.com to register,
make sure to use our special discount code — CLAIMS1. You can also see the full
agenda on the website.
Please plan to join us — it will be well worth the trip. We’ll also be honoring an
industry legend with our first Legend Award.
I look forward to seeing many of you in Minneapolis this June.
Patricia L. Harman, Editor-in-Chief