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Santa Needs $1 Billion in Insurance Coverage

Santa has a unique job, that comes will all sorts of risk management issues. Lockton is an insurance company that works on risk management, and employee benefits. They have taken a look at Santa’s business, and come up with a policy that would fit his needs. Lockton took a close look at K. Kringle Manufacturing Inc., (which, of course, is the business owned and operated by Santa Claus), and identified exactly what type of insurance Mr. Claus would require in order to have the right amount of risk protection. The insurer also came up with specific claims scenarios that could … Continue reading →

Insurance Blog Week In Review August 8-14, 2007

Insurance Term Of The Week: Specialty Lines Insurance Wednesday August 8, 2007. Fire Safe Landscape Additions and Improvements Tips Homeowners have the obligation of protecting their home and personal property and to reduce the risk anyplace possible. It’s important to do routine maintenance and consider choice we make when landscaping to reduce the risk of fire. There are several Blogs about Fire Safe Landscaping. Thursday August 9, 2007. Fire Smart Landscape Maintenance Reminders One of the most expensive investments most people will ever make is purchasing a Home and what we do with our landscape and maintenance is an important … Continue reading →

Lloyd’s of London and Some of The Risks Insured, or Not.

In the History of Lloyd’s of London Blog I wrote about how the underwriting syndicate started in the coffee house of Edward Lloyd during the late 1600’s. Today Lloyd’s is well known as the insurance market where anything can be covered for the right premiums. It’s not completely fact that Lloyd’s will insure anything, but they will consider unusual assets and greater risks. Lloyd’s underwriters have agreed to insure everything from the 1st airplane to Betty Grables legs. Even John Glenn America’s 1st astronaut, was insured with Lloyd’s. From shipwrecks and piracy to Kidnap and Ransom Lloyd’s can often find … Continue reading →