Misappropriation risk is often covered in insurance policies under employee dishonesty or crime coverage. Have you ever wondered: How likely is it that this insured will suffer a misappropriation loss? What questions can we ask to assess that risk? Why does this matter to an insurance professional? Join us for a webinar that will cover the forensic accountant’s perspective on these very questions. Attendees will learn to determine whether a given business is more or less likely than another to experience this type of loss. Additionally, attendees will: Understand what internal controls are and how they relate to risk assessment, Learn techniques for evaluating a prospective insured’s accounting internal control structure in the context of employee dishonesty coverage, Learn how to evaluate answers to internal control risk assessment questions to determine if an insured’s operations are more or less risky for employee dishonesty losses than another

While underwriting is often based on historical results, rates and premiums must take into account future losses and their financial impact on the insurer. Insurers have experienced loss emergence caused by large verdicts, particularly on casualty lines. The panelists will discuss methodologies to account for these changes in the environment, including impacts to claims operations. The panelists will also identify and recommend potential company actions to combat social inflation and the influence of litigation funding. Failing to recognize the potential for these losses can put a company at risk making this a hot-button topic. Presentation Objectives: 1.Recognize the potential for large verdicts by discussing the impact of jurisdiction, attorney involvement, the role of litigation funding, and changing juror sentiments 2. Identify and predict the trends impacting large verdicts 3. Recognize how innovative actuarial methodologies using more granular data and ML modeling can be used effectively 4. Identify and discuss the industry’s response to large verdicts.  This webinar was organized in collaboration with IASA, an affiliate of The Institutes.

According to the International Labor Organization, nearly 50 million people worldwide are affected by forms of human trafficking, including forced labor, commercial sexual exploitation, and forced marriages. In this session, we will explore the potential P&C exposure pathways related to human trafficking in the United States. Industries like domestic work, agriculture, and construction have historically been vulnerable to forced labor in the U.S., while supply chains supporting the ever-growing tech industry continue to risk exposure to different iterations of compelled work.  Key takeaways from this webinar include: •The impact on forced labor of migration across the U.S.-Mexico border •How the demand for generative AI products could increase forced labor in supply chains •Recent trends in human trafficking-related litigation and legislation Implications for P&C exposures