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LION Specialty

Everything you need to know to navigate the financial institution insurance market in ≈ 5 minutes per week. Delivered on Fridays.

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what 12-year-olds learn that executives forget (the real black swan lesson)

Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: How 78 minutes crashed 8.5 million systems last summer - and why your third party vendors could be a massive operational risk Armchair quarterbacks emerged after CrowdStrike, but Ascot Group's CIO explains why they're missing the real lesson about Black Swan...

Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: Why IRL's CEO faces federal fraud charges after AI bots inflated 95% of the app's user base - triggering a $170M investor loss while the government simultaneously invests $8.9B in AI development How Malicious actors embed undetectable code in public AI models -...

Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: How an anonymous Instagram account with 65,000 followers forced salary transparency across the insurance industry - and why carriers now court its creator Travelers CEO Alan Schnitzer reveals the five market forces causing carrier exodus (climate change ranks fourth)...

Reading time: 4 Minutes How Lawyers Are Gaming Juries to Win Record-Breaking Verdicts (And Why It Affects You) Werner Enterprises learned an expensive lesson about modern litigation assumptions in a Texas courtroom during 2022. The Omaha trucking company had handled similar accident cases for decades. Their risk management team ran the standard exposure models. Coverage had been priced according to historical loss patterns. Everyone anticipated a settlement within the normal range they'd seen...

Reading time: 5 minutes Your Friday Five Out of the 200+ insurance, legal, and market-risk articles we read this week, here’s the three best we think your board needs to be briefed on next Monday. Delaware just gave insurers a regulatory gift - privilege protection that could transform compliance nationwide D&O liability faces a storm of new litigation: 27 AI lawsuits in 18 months, DOJ hunting "illegal DEI," and tariff violations triggering False Claims Act suits MGAs control $114 billion in...

Reading time: 4 minutes the Elephant in the (court) room - an unfiltered conversation about nuclear verdicts So here's the elephant in the room that nobody in insurance is talking about - nuclear verdicts aren't really about what happens in the courtroom. They're about what happens long before you get there. They're about what the jury thought of you before they even got called for jury duty. It's as much of a cultural issue as it is a legal issue. What follows is an unfiltered conversation I...

Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three AI pieces from EPAM caught our attention this week: EPAM finds 98% of carriers are hiring for AI - yet only 4% say they're ahead. AI has crossed the line from optional advantage to baseline operating requirement in risk management. The Excel era is ending: GenAI reporting gives back 50–200 hours per employee per...

Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: Wall Street Journal blamed the thermometer for the fever - missing the digital predators that destroyed eight insurers Industry leaders defend Demotech's critical role after WSJ resurrects old concerns already addressed by the market The $85 billion premium market...

Reading time: 4 minutes Wednesday Boardroom Briefing: What do Air Force Thunderbirds flying 18 inches apart at 400 mph, a 1984 Harvard Business Review study that transformed IBM, and a legendary coach with a psychiatrist at Michigan State have to do with your insurance program? Everything. They discovered how to make systematic excellence feel like personal dedication. How to handle infinite complexity while maintaining perfect execution. In four minutes, discover: Plan, Brief, Execute,...

Reading time: 5 minutes The Friday Five Every Friday we distill 200+ insurance, legal, and cyber-risk articles into three signals your board can act on next Monday morning. Three developments this week: Q2 pricing shows continued softening: D&O down 2.5% YOY, cyber down 1.5%, while umbrella climbs 11.5% - CIAB CEO deepfake scams exceeded $200M in Q1 alone, with 105,000 attacks targeting executives last year Why LION is implementing EOS: Building operational excellence to serve our clients...