The insurance industry relishes mergers and acquisitions. In the recent decade, the buying has been driven by low interest rates, lots of available capital, and a view that this is a business offering stable, long-term returns in a world otherwise …
The talent war is about to get fiercer thanks to “The Great Resignation.” Millions of U.S. workers have quit their jobs, and research shows that nearly half of employees are actively looking to make a change. Companies were already fighting …
Surety requires a highly complex and specialized form of underwriting. It is also an excellent career path for those who thrive on complex challenges, have a genuine interest in buildings and infrastructure, and enjoy playing a role in getting things …
Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive market trends, AM Best reports. Also, smaller players in …
In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by raising the ransom demand, claiming the data …
A consumer contacted me via email with an interesting coverage inquiry: “Two questions, please: “I have an in-home ‘business’ involving the manufacturing and distribution of toys for children. I do not charge for these toys and earn no income from …
The past two years have been steeped in turbulence, testing the agility of both employees and organizational leaders. From changes in work environments to swings in the labor market and ongoing reshuffling, the industry has evolved to adopt new norms. …
Although more than half (57%) of U.S. employers say they require or plan to require COVID-19 vaccinations of employees, much of that support depends on whether courts approve the Biden Administration’s emergency workplace safety rule requiring vaccinations or weekly testing, …
Approximately five million people in the U.S. are unemployed or have left the workforce since the pandemic began, and it is difficult to predict whether their decision was short term or permanent. According to S&P Global, even as extended unemployment …
California Insurance Commissioner Ricardo Lara in late November ordered the FAIR Plan to implement his mandated increases to its decades-old commercial property coverage limits offered to businesses. “My order is part of an ongoing commitment to helping businesses in California …
