Just in Case: Insurance and the strategies of risk management
Industry experts address the critical topic of property and casualty insurance, a topic that is acutely relevant amid the devastating fires in Los Angeles. AON’s Ryan Barber, Walton Street Capital’s Raphael Dawson and CBRE’s Chris Nassa discuss approaches that can help commercial real estate owners manage risks and stem rising costs.Share these insights from this week’s episode: Innovative Modeling: Property owners should adopt a sophisticated approach to risk management, using advanced tools and models to inform their insurance decisions.Captive Insurance: Owners with large portfolios should consider captive insurance and other programs to manage costs and realize profits.Data Accuracy: Providing detailed and accurate information about properties can significantly impact insurance modeling and premiums.Stay Informed: Companies should designate an in-house expert dedicated to staying informed about insurance market trends and innovations crucial for effective risk management.