Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which examines the trends of 2022 and …
The traditional job as we know it is slowly being replaced by skills-based work models. Could the shift help you recapture productivity? When it rains, it pours. The labor market was already strained in some industries prior to 2020. Add …
From time to time, my doctor prescribes a treadmill test to check out how strong my heart is. Perhaps you’ve experienced this test, but in case you haven’t, the idea is to make you run faster and faster up an …
A national labor shortage has created ideal conditions for skilled workers to negotiate for better pay and more flexible work schedules, but also new challenges for employers: Staff members aren’t eager to return to the office; job applicants are demanding …
Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch forecasts a 100.4 industry combined ratio …
Business owners have a lot to consider when running a successful business. Unfortunately, many do not consider an exit strategy, especially in the early years of the business. Agency owners without an exit strategy will sometimes make decisions based on …
W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market “down the drain.” During a call with analysts to discuss first quarter earnings, Berkley said the D&O marketplace, especially …
Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appeal, …
The California Division of Occupational Safety and Health cited Meeder Equipment Co. of Rancho Cucamonga and referred D&D Construction Specialties Inc. of Sun Valley for criminal prosecution in two separate cases of workers’ deaths related to confined spaces. Meeder and …
As the market continues to face uncertain economic conditions, areas of ongoing volatility, according to Risk Strategies, include: Inflation and rising interest rates led to uncertainty about future prices. Per NOAA, there were 18 U.S. weather/climate disaster events in 2022, …
