J.S. Held LLC’s Post

The Washington Post — Opinion | Baltimore’s tragic bridge collapse is a test for American leadership. It’s a time to put aside differences, to rebuild, and to tap what is still the United States’ greatest strength. Opinion by the Editorial Board: The USA awoke Tuesday to images of a ghastly tragedy: Baltimore’s iconic Francis Scott Key Bridge had collapsed after a giant cargo ship lost power — and control — and slammed into one of the bridge’s key support columns. Several vehicles and eight construction workers were on the bridge, and rescue crews raced to save them from the cold water of early spring. As Baltimore Mayor Brandon M. Scott (D) said: “A bridge can be rebuilt, but our focus is on those people.” 
At a time when the nation seems ever more divided and the country’s political institutions are mired in disagreement and indecision, this tragedy can’t get caught up in partisan sniping. It’s a time to put aside differences, to rebuild and to tap what is still the United States’ greatest strength: its deep reservoir of native optimism. 
This response started immediately after the bridge spanning the Patapsco River fell. Rescuers managed to save at least two of the construction workers and worked rapidly Tuesday to find the others. The action of bridge staff likely saved lives when they quickly attempted to halt traffic and clear the bridge after the cargo ship’s mayday warning. This crucial decision was made about 90 seconds before the bridge collapsed. https://lnkd.in/gUQ2WTHG

Water temps are out of control...buckle up! 🌊 INSURANCE INFO: June 1st is the start of hurricane season, which is also the day that most insurance policies go from 25-35% Minimum Earned Premium to 80-90%. This means for owners with Tier 1 (coastal) exposure, you are locked in to your insurance policy until Nov. 30th. (Or at least you can't move your policy without taking major $ penalty) Last year was relatively calm with hurricanes...which is why we are seeing slight decreases and flattening of the insurance & reinsurance market. We shall see what this year brings....😬 If you are a builder / developer / or coastal property owner and struggling with your insurance costs. Reach out, as we have some creative solutions to combat overall costs. Greg Deems, CRIS #propertyinsurance #hurricaneseason #reinsurance #insurance #construction

Demystifying A Concept Of “Catastrophe (CAT) Bonds” In A Capital Market Cat bonds are a type of insurance-linked securities. Governments need to set up a special purpose vehicle (SPV) to facilitate the transaction. The SPV invests the money from investors and pay coupons or interests to them. At the end of the term, the SPV will return the investors’ money if a disaster does not happen. However, a payout is made to the issuer upon the occurrence of a specified climate event, which typically involves a parametric trigger, such as a pre-defined hurricane wind speed or earthquake intensity. Thanks for reading…

Schrodinger’s Truth - everything is true and false at the same time as nobody can tell the difference. Bad actors flood information airwaves with bizarre conspiracies in a post-truth world. Some people believe what they want to believe, others throw up their hands because they don’t have time to fact-check everything that they read, still others aren’t equipped to validate truths from lies. Will we renormalize after the US election? Not if Harris doesn’t win. Will civil society say that enough is enough, forcing moderation by punishing liars? Possibly. The bottom line is that the lie-clog disinformation superhighway is a problem. Paul Clements-Hunt coined the phrase ‘complex converging systemic risks’ (CCSR’s) as a description of the polycrisis. Climate, inequality, conflict and so on require integrated systemic solutions based on mobilization of capital at-scale. CCSR related thinking informs approaches of The Blended Capital Group in general, including my specific approaches around artisanal mining. Disinformation is an element of our CCSR’s, requiring integrated action and the will to say that enough is enough. #sdgs #legal #publicpolicy #esg #responsiblebusiness #responsibleinvestment https://lnkd.in/gFC3VCcm

Is your business prepared for the worst? Inc. reporter Melissa Angell (@melissajourno) spoke with SRA's Dustin Carlson about how 831(b) Plans can help businesses in disaster-prone areas secure financial protection for risks that standard insurance overlooks. If you are a business owner in a high-risk zone — how are you managing the challenges that natural disasters can present, sometimes without warning? Read the full article in @Inc: https://lnkd.in/gMHEX5DE #RiskManagement #BusinessResilience #831b #HurricanePrep #INC

-Real time invoice reviews- At Revenew International, we're proud to partner with leading utility companies like Entergy, PG&E, Duke, and many others, helping them navigate the financial complexities of weather-related outages. 🌪️🔌 Our real-time invoice reviews ensure that our clients not only recover costs but also optimize their spending, saving millions of dollars in the process. Every outage presents a challenge, but with accurate and timely financial support, these companies can focus on what matters most—keeping the lights on for their communities. 💡🏘️ As someone who lives in the path of hurricane Milton, seeing the emergency response trucks already staged in my area really drives this home for me. It’s surreal to witness firsthand how critical fast, accurate cost recovery and emergency response can be. Knowing Revenew plays a role in supporting these efforts makes me even more committed to what we do. Be safe and let us know if or how we can help! #EnergyResilience #CostRecovery #UtilityAudits #BusinessDevelopment #RevenewInternational #EmergencyResponse

Whether it is loss deductions, federal, state & local disaster assistance, or an employee assistance program, you should make sure to determine all the support, financial and otherwise, that is available to you in the face of catastrophic loss. https://lnkd.in/gfxkjiAs

How can FEMA be out of funding?

The ‘Atmospheric River’ could bring 300 millimeters of rain to parts of southern B.C. Stay safe, prepare, and get immediate access to direct claims information. Gallagher is ready to help.   https://lnkd.in/gjmTtv-2   #InsuranceCA #RiskManagement #Preparedness #Claims 

The ‘Atmospheric River’ could bring 300 millimeters of rain to parts of southern B.C. Stay safe, prepare, and get immediate access to direct claims information. Gallagher is ready to help.   https://lnkd.in/gjmTtv-2   #InsuranceCA #RiskManagement #Preparedness #Claims