Blog
January 3, 2023
6 Key Trends Influence Employee Benefits in 2023
The employee benefits landscape has undergone rapid and dramatic changes in recent years. 2022 was marked by continued challenges, which influenced how businesses built their total rewards packages. Ways of working shifted, attrition climbed, employee expectations expanded, and rising health care costs drove medical plan rates higher. Heading into 2023, employers will have to adapt to...
December 29, 2022
Protecting Your Construction Site from Fire, Water and Theft
Long after the workday ends, risks continue at construction sites, as fire, theft and water can cause significant property damage and can potentially delay project timelines and impact budgets. The presence of combustible materials, the lack of effective security controls and unstable structural elements can make sites more vulnerable to loss. Buildings under construction or...
December 28, 2022
Seeing Opportunity in the Hardening Property Insurance Market
The coming year is expected to see further hardening in the property insurance market. This will present insurance companies the opportunity to separate themselves from the competition during a period that could establish the future front-runners in the sector, according to Bill Martin, president and CEO of Plymouth Rock Home Assurance. “The biggest insurers of the 20th...
December 27, 2022
The Trendiest Benefits for 2023
There’s no denying that employees’ needs have changed over the past few years. As such, employers can offer benefits to meet evolving worker needs shaped by lingering effects of the COVID-19 pandemic, a tight labor market and rising inflation. Many workers are paying more attention to their benefits and wondering how to stretch their dollars...
December 22, 2022
How Property and Casualty Insurers Can Bring New Value to Partnerships
The world of property and casualty insurance sales has radically changed since in recent years. Trends that were already gaining speed before the pandemic have been fast-tracked: Consumers have massively adopted digitization, and companies have invested in digitizing interactions that were previously face-to-face. Data evolution has followed suit, with connected vehicles generating more and more data about our roads and...
December 21, 2022
Why Private Companies Need D&O Insurance
Directors and officers (D&O) insurance provides corporate directors and officers with coverage for managerial decisions that negatively impact the company. This insurance may generally cover legal fees, settlements, and other costs related to their defense. All types of businesses should seriously consider D&O insurance, but there’s a common misconception that private companies may not need...
December 20, 2022
Economic Factors Will Dictate Risk Trends for 2023
While there are varying measurements of what qualifies as a recession, the consensus is that rising interest rates and high inflation will continue to put the financial squeeze on Americans in the new year. In these economic conditions, it’s likely insurance companies will see an uptick in claims related to inflation and the heightened cost...
December 15, 2022
Can Surety Bonds Revolutionize Infrastructure?
The Story India wants to ramp up its infrastructure ambition. The government wants to spend over ₹15 lakh crores in the next year alone to build roads, bridges, and a lot of other stuff. But they can’t do everything on their own. They have to work with other private sector entities to bring these massive...
December 14, 2022
It’s a Wrap: Key Issues Insurers Faced in 2022
Insurers faced some tough challenges in 2022, including a few that threatened their very existence. Astronomical jury verdicts, AI deep fakes, seemingly unending numbers of claims seeking compensation for coronavirus business shutdowns — more than a few industry lawyers spent sleepless nights beating back litigation that targeted the very core of the industry’s stability. Here’s...
December 13, 2022
A Look at Cybersecurity in 2022 and Into 2023
As the year comes to an end, it only feels natural to reflect upon the 2022 landscape overall regarding cybersecurity and look ahead at what may come in 2023. The year had its ups and downs, and frankly, due to the increase in bad actors there were more downs than ups. The healthcare industry was...