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Lockton Market Update March 2024Read Full Report

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For SPACs and their sponsors, although their cybersecurity risks are lower, they have to actively identify, analyze and manage these risks in de-SPAC processes.SPAC Should Not Ignore Cybersecurity Risks

Gearing up for hurricane season through analytics, claims prep, and planning

Memorial Day this week marks the unofficial start of summer in the U.S. And June 1 will bring the beginning of another season of significant for businesses with properties in the U.S.: hurricane season. With above-average activity forecast for 2024, it’s important for businesses to be ready.Memorial Day this week marks the unofficial start of summer in the U.S. And June 1 will bring the beginning of another season of significant for businesses with properties in the U.S.: hurricane season. With above-average activity forecast for 2024, it’s important for businesses to be ready.

Lockton bolsters Cyber & Technology Practice with appointment of market-leading cyber risk consultant

Lockton, the world’s largest privately held independent insurance brokerage, today announced that Brendan Fitzpatrick has joined the firm’s Cyber & Technology Practice as the new Vice President, Cyber Risk Consultant.Lockton, the world’s largest privately held independent insurance brokerage, today announced that Brendan Fitzpatrick has joined the firm’s Cyber & Technology Practice as the new Vice President, Cyber Risk Consultant.

Inside Risk: Fire protection impairment management

Fixed fire protection systems such as sprinklers are an effective way to control or suppress a fire in its early stages, limiting the potential loss to the property and the business, as well as the risk to life. However, to be effective, fire protection systems need to be available (not impaired), reliable (maintained) and adequate. Fire protection impairments continue to be one of the most common reasons for sprinkler failure and this risk needs to be addressed with a robust fire protection impairment programme.Fixed fire protection systems such as sprinklers are an effective way to control or suppress a fire in its early stages, limiting the potential loss to the property and the business, as well as the risk to life. However, to be effective, fire protection systems need to be available (not impaired), reliable (maintained) and adequate. Fire protection impairments continue to be one of the most common reasons for sprinkler failure and this risk needs to be addressed with a robust fire protection impairment programme.
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