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 …
Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must work harder and harder to find insurance coverage that meets the needs of their clients. To solve these challenges, some agents …
A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney Geoffrey B. Fehling, with Hunton Andrews Kurth in Washington …
The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According to William …
We just attended a Bend Venture Conference event this past week (in Bend, Oregon) that included many angel investors on various panels, as well as several new ventures pitching for those angel investments. There was a good session on how …
For brokers and agents to navigate the market successfully, Brent Winans, vice president of Clear Advantage Risk Management, said it takes plenty of information, and a lot more diligence. “In a soft market, everybody gets sloppy,” he said. “In the …
A. M. Best Co. used the word stable to describe the current excess & surplus (E&S) market, which has made a turn for the better since 2020. The ratings company upgraded the market’s outlook from a negative rating, a move …
