Labor shortages may be the most intractable of the cost risks that U.S. companies faced in the latest quarter, and as the earnings season moves into its peak there are signs the problem will persist, some say. Finding and paying …
U.S. commercial auto insurers continue to face disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery, according to a Standard & Poor’s Global Ratings report. The commercial auto sector had a reprieve in 2020 …
During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, the report noted, business interruption and restoration costs are the main causes …
If you work at Morris & Garritano you’re probably quite familiar with the term “walk the walk.” The agency was voted by its employees as Insurance Journal’s Best Agency to Work For – West. The San Louis Obispo, Calif.-based agency …
In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk management. According to a report released …
Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related to damage caused by Hurricane Ida, which struck Southeast Louisiana as a category 4 hurricane in late August. Bulletin 2021-08 states its purpose …
Insurers make money by assuming the business risks of their customers for a fee. They make a profit only if the estimated aggregate cost of the risk for all their customers is less than the aggregate fees for assuming the …
Utilization of telemedicine services in the Texas workers’ compensation rose dramatically during the height of the COVID-19 pandemic, according to a recently published report from the Texas Department of Insurance (TDI). The report, “Evaluation of Telemedicine Services in the Texas …
The home page of Otterstedt Insurance Agency’s website says, “It’s about people, not policies.” After more than 100 years in business, the agency seems to know that living up to this motto starts with its own people. “I have worked …
Recent court decisions across the South continue to shape the risk management landscape, from workers’ compensation to property insurance issues. Workers’ comp In South Carolina, the state Supreme Court recently upended decades of practice and joined the national debate over …
