March 20, 2023
To help minimize growing inflation concerns that have spanned across industry lines over the past few years, the Federal Reserve (Fed) has steadily been hiking up interest rates. Economic experts predict the Fed’s efforts will eventually pay off in 2023, […]
March 14, 2023
The construction industry consists of companies that construct, maintain and repair buildings and other structures (e.g., roads, bridges and utility systems). This sector plays a vital role in the U.S. economy by keeping residential areas, commercial facilities and local infrastructure […]
January 12, 2023
Insurance experts often examine how outside influences and trends affect the insurance marketplace, and businesses should follow suit to determine what factors may impact their insurance coverage. For 2023, there are a number of sweeping market developments to consider. Labor […]
October 6, 2022
October is National Cybersecurity Awareness Month. During this annual event, government and industry leaders come together to raise awareness about the importance of cybersecurity. This year’s campaign theme was selected to demonstrate that while cybersecurity may seem like a complex […]
September 13, 2022
Almost every organization has commercial liability loss exposures. A commercial liability loss exposure is a condition or situation that presents the possibility that an organization will be held legally or financially responsible for injury, harm or damage to another party. […]
July 21, 2022
2022 Midyear Market Outlook The commercial auto space has been largely unprofitable for insurance carriers over the past decade, with underwriters experiencing significant losses despite deploying consistent rate increases. While this segment continues to face difficult market conditions, rate increases […]
July 15, 2022
2022 Midyear Market Outlook The past year has seen a rapidly hardening cyber insurance market as cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a rise in cyber insurance claims and […]
July 15, 2022
2022 Midyear Market Outlook Although the last few years have seen double-digit rate increases and lowered capacity within the directors and officers liability (D&O) insurance segment, market conditions have shifted in recent months. In particular, rate increases have moderated – […]
July 15, 2022
2022 Midyear Market Outlook The commercial property insurance market has hardened in recent years, with consistent rate increases since the third quarter of 2017. These rate increases were evident in the beginning of 2022, with first-quarter rates rising by an […]
July 1, 2022
If you own commercial property, choosing a property insurance policy that fits your specific needs is important. A wide variety of policy options are available at different prices that cover an assortment of reimbursement options. Although there are policies that […]
May 19, 2022
Ransomware incidents entail cybercriminals compromising their victims’ computers or servers with malware and demanding large payments in order to restore the technology (as well as any files or data stored on it). They have often been considered one of the […]
April 1, 2022
In October, we mentioned FEMA was setting a plan to update the National Flood Insurance Program’s (NFIP) risk rating methodology through the implementation of a new pricing Risk Rating 2.0. The general concept is the Risk Rating 2.0 uses more advanced rating techniques […]
