August 10, 2021

Insurance and Evacuation Plans Are Key for Wildfire Safety

The formation of nine large wildfires this week—three in Washington, two in California and Oregon, and one each in Idaho and Montana—highlight the importance of having an evacuation plan and the right coverage. “Insurers are fulfilling their traditional role as the nation’s financial first responders as thousands of Americans evacuate in the West,” said Triple-I...

August 5, 2021

CVSA Releases 2021 International Roadcheck Results

Recently, the Commercial Vehicle Safety Alliance (CVSA) released the results of its 2021 International Roadcheck. This inspection and enforcement initiative highlights the work of commercial motor vehicle (CMV) inspectors throughout North America, acknowledging the compliance of motor carriers and professional drivers through the issuance of a CVSA decal on eligible vehicles. In total, 40,669 inspections...

August 2, 2021

Preparing Workers’ Comp for Future Pandemics

Intending to recognize additional catastrophic exposures on workers’ comp systems that can impact ratemaking, the National Council on Compensation Insurance (NCCI) is proposing that any event exceeding $50 million in losses be excluded from the data used to set rates, including future pandemics. Other than certified acts of terrorism, NCCI’s catastrophe provision only accounts for single-event losses...

July 28, 2021

Promoting Cybersecurity in the Expanding Digital Economy

At the initial onset of the COVID-19 pandemic, organizations across industry lines were forced to implement digital offerings in an effort to remain operational. This shift to predominantly remote activities—such as video chatting, online shopping, electronic payments and contactless deliveries, among others—changed the way consumers were able to receive goods and services. Specifically, the pandemic...

July 26, 2021

What Does Builder’s Risk Insurance Cover?

Builder’s risk insurance provides property coverage for buildings and structures that are under construction. If you’re a builder or a commercial property owner, you could face considerable monetary loss if something goes wrong with the construction of a building if you don’t have builder’s risk insurance. This coverage is also known as “course of construction...

July 20, 2021

Why Starting Open Enrollment Early In 2021 Is More Important Than Ever

The COVID-19 pandemic shook the job market in ways never before seen. For one, it created so much uncertainty that employees who would’ve typically searched for a new job last year decided to stay put. For another, the pandemic prompted workers to take stock of their circumstances and consider what workplace perks matter most to...

July 19, 2021

The Impact of Biden’s Competition Executive Order on the Health Care Industry

The American economy is finally recovering after more than a year of stagnation due to the COVID-19 pandemic. President Joe Biden’s administration wants to continue this momentum and further stimulate the economy. To help in that effort, President Biden recently signed an executive order aimed at increasing competition among businesses. According to the White House,...

July 14, 2021

OSHA Actions Impact the Construction Industry

The Occupational Safety and Health Administration (OSHA) is planning to take actions that will directly impact employers in the construction industry. Among the most prominent are the proposed amendments to the Hazard Communication Standard (HCS) that are being designed to conform to changes in the United Nations’ Globally Harmonized System of Classification and Labeling of Chemicals (GHS)....

July 13, 2021

How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050

A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing could prevent 5,500 premature deaths and save $58 billion annually, while simultaneously slashing U.S. petroleum consumption by 50% and carbon dioxide emissions by 75%. The researchers projected vehicle stocks, distance traveled, energy usage and carbon dioxide...

July 8, 2021

Five Ways Nonprofits Can Improve Cybersecurity

Nonprofit (or not-for-profit) organizations operate by paying employees a fair wage but utilize donations, volunteer work and government support to fulfill their mission. In many cases, they have slim budgets and little funding for the cybersecurity solutions that many businesses take for granted.   Since nonprofits might not have the funding to implement the latest cybersecurity defensive...