Insurance

Businesses Call on Trump to Reverse Decision on Federal Flood Risk Management Rule

Press Release

September 13, 2017 /3BL Media/ - As the devastating climate change-fueled impacts of Hurricane Irma continue to unfold, and the financial costs of Hurricane Harvey continue to escalate, a network of businesses is calling on the Trump administration to reinstate the Federal Flood Risk Management Standard, known as FFRMS. 

The standard requires federal agencies to take into account current and future flood risks in investment decisions related to federally-funded buildings and infrastructure, ensuring they are built to withstand growing flooding threats. 

Insurance, Social Impact, and Profit

Blog

When you think about insurance companies, do you think about social impact? It’s likely not the first thing that comes to mind, but FSG client Skandia has realized the significant impact they can create by helping prevent risks rather than just insuring against them.

Through active risk prevention, insurance companies can not only improve lives and potentially make whole nations more resilient, but they actually increase their company’s competitive advantage. In other words, they apply the concept of shared value.

Warren Buffett’s Mixed Signals on Climate Risk and Insurance

Blog

When it comes to addressing climate change impacts to Berkshire Hathaway’s insurance business, Warren Buffett paints a somewhat misleading picture that minimizes the business risks posed by a demonstrably changing climate.  In doing so, Buffett begs serious questions about his company’s planning for climate impacts and undermines confidence in the insurance division’s climate resilience.

New Case Study: Skandia Group Creating Shared Value in Sweden's Financial Sector

Insurance, Social Impact, and Profit
Article

By applying a shared value lens, insurance companies can do more than just protect against risks. They can help prevent risks from occurring in the first place, while simultaneously creating economic value.

Skandia is a major provider of insurances and products for long-term savings and investments in the Nordics. Their development of a unique underwriting model and rehab services network enabled them to reduce preventable sick-leave time in Sweden, while dramatically improving their bottom line.

An Interview with Henri de Castries of AXA at the BSR Conference 2015

Multimedia with summary

At the BSR Conference 2015, we sat down with plenary speakers and sustainability thought leaders to discuss their thoughts on resilience in their organizations and on what defines resilient leadership.

Henri de Castries, chairman and CEO of insurance company AXA, explained that resilience is a term widely familiar to and embedded in the thought process of insurers—if there is a disruption, insurers need to come up with solutions to help their clients get back to their normal lives as quickly as possible.

Millennials and Scaling Social Finance

Blog

"Generation Lost: Engaging Millennials with Retirement Saving" is a new study by BNY Mellon and Cambridge Judge Business School, University of Cambridge that surveyed 1,253 millennials between July and September this year. In this extract from the study, BNY Mellon’s John Buckley, Global Head of Corporate Social Responsibility, talks about bringing social finance to scale.

Metlife is First U.S. Insurer to Adopt Carbon Neutrality

Press Release

NEW YORK, November 10, 2015 /3BL Media/ - MetLife, Inc. (NYSE: MET) said today that it will achieve carbon neutrality by the end of 2016, becoming the first U.S.-based insurer to do so.

Significantly, MetLife will achieve its goal through real reductions in energy use and greenhouse gas (GHG) emissions, not simply through the purchase of carbon offsets. In addition, MetLife will require its top suppliers to publicly disclose their GHG emissions and mitigation efforts for the first time

Old Mutual Again Ranked No 1 Top Employer In Financial Services And Insurance

Article

The Top Employers Institute announced at a gala dinner last night that Old Mutual has secured the No 1 slot in the financial services and insurance categories for the fifth consecutive year. 

Its overall ranking for 2016 – spanning all industries and 134 companies – leapt from 4th place to 2nd place.

New Hampshire Healthcare Gets “A” Rating for Transparency - The Minute

Multimedia with summary

One of the main goals of the Affordable Care Act is to make the costs of healthcare transparent so that consumers can make informed choices. Consumers have traditionally been in the dark about medical costs, from health insurance to lab tests and hospital procedures. The high prices of insurance premiums and medical practices, and the shift of more expenses by companies to their workers in the form of higher co-pays and deductibles, makes the issue of cost even more critical today.

NWRA endorses IOA as Exclusive Industry Insurance Provider

Partnership promotes industry priorities, safety and driver certification
Press Release

WASHINGTON, April 23, 2014 /3BL Media/ – The National Waste & Recycling Association (NWRA) and Insurance Office of America (IOA) announced a partnership today that will promote industry safety while providing insurance solutions and exclusive services to NWRA’s more than 800 members. This new agreement positions IOA as the endorsed insurance provider to the waste and recycling industry with the capability to serve companies of all sizes in all 50 states.

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