December 31, 2024
2025 Cyber Insurance Trends to Watch
With the fast-changing nature of cyberthreats, cyber insurance can be an especially volatile and dynamic segment, and frequent market changes can make pricing predictions difficult to pin down. The CrowdStrike and Change Healthcare incidents highlighted the greater impact of just one cyberattack across multiple organizations and business sectors. Given the potential impact of systemic events...
December 30, 2024
Workplace Fatalities Down 3.7%, According to BLS
The U.S. Bureau of Labor Statistics (BLS) recently released its 2023 national census of fatal occupational injuries. The census, which represents the most recent figures, discusses key findings related to fatal occupational injuries in 2023. As a whole, fatal injuries were down 3.7% in 2023 compared to 2022, which saw 5,486 fatal injuries. There were...
How the Trump Administration May Impact the Employee Benefits Landscape
Former President Donald Trump has won a second presidential term. Employers can expect a number of changes to employee benefits under the Trump administration. Although the specific policy objectives that are enacted remain to be seen, employers may look to the campaign policies that President-elect Trump ran as well as the initiatives that Trump took...
December 19, 2024
Vacant Property Risks
Vacant construction sites face the risks of theft, trespassing, fires and other hazards. Potential losses might include the value of damaged or stolen materials, the liability of an individual being injured on the property, and the costs of organizational disruptions if an essential piece of equipment is vandalized or taken. The insurance risks and liabilities...
December 17, 2024
Key Drivers of 2025 Health Care Cost Increases
Health care costs in the United States are likely to increase by 7%-8% in 2025, marking multiple years of compounding costs. As 2025 begins, many employers remain curious about what is driving these increases. Here are key factors that will impact rising health care costs: GLP-1 Drugs Although initially approved as Type 2 diabetes treatments,...
December 12, 2024
Commercial Real Estate Trends to Watch in 2025
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine the factors that may impact their coverage. For 2025, there are a host of sweeping market developments to consider. Extreme Weather Events Extreme weather events—such as hurricanes, tornadoes, hailstorms and...
December 10, 2024
FMCSA Announces Changes to Its Crash Preventability Determination Program
On Dec. 4, 2024, the Federal Motor Carrier Safety Administration (FMCSA) published a notice that announced changes to its Crash Preventability Determination Program (CPDP), responded to comments and outlined the steps for implementation. The FMCSA decided to change the list of existing crash types to those proposed in the April 13, 2023, notice to encompass...
December 5, 2024
Holiday Shopping Online? Remember These Cybersecurity Tips
Online shopping has made it easier than ever to peruse the wares of various businesses and vendors from the comfort of your own home as you search for the perfect gifts this holiday season. However, conducting transactions over the internet always involves inherent risks, as cybercriminals may be lying in wait. As you check friends...
December 3, 2024
Stable Outlook Continues for the U.S. Commercial Lines Market
“Persistently strong” underwriting performance and solid investment returns prompted a continued stable outlook for the U.S. commercial lines sector, according to a market segment report from AM Best. “Our expectation is that the U.S. commercial lines segment will remain profitable in the aggregate and will be resilient in the face of near- and longer-term challenges,”...