COVID-19
January 5, 2022
2022 Workers’ Compensation Insurance Market Outlook
Unlike other lines of coverage, the market for workers’ compensation insurance has remained stable across most states and industries, performing as an outlier by producing profitable underwriting results. According to the National Council on Compensation Insurance (NCCI), the private carrier combined ratio for workers’ compensation in 2020 carriers was 87, up from 85 in 2019,...
December 7, 2021
Looking Ahead to 2022: Property & Casualty Risk Management and Insurance
The last few years have been a reckoning for the insurance industry and just when we thought insurance buyers might feel relief, COVID-19 entered the picture and extended challenging market conditions into 2021. However, as we look ahead to 2022, we see signs of positive changes for insurance buyers. Having a knowledgeable and trusted insurance...
December 3, 2021
The Top 5 Ways to Prepare for the Future of Work
There’s no question that COVID-19 drastically reshaped our work lives – many of the changes are here to stay. We have entered a new era of work. As we emerge from this time of uncertainty and start planning for 2022 and beyond, it’s clear that workplaces cannot return to “business as usual.” Future-thinking insurance agencies...
November 29, 2021
With Flex Space Taking Over 30 Percent of Office Market, Brokers Face New Challenges
With the growing shift in the office market toward flex space, office brokers are facing a sea change that will deeply impact how they operate. Partner Insights spoke to John Arenas, CEO of flex space provider Serendipity Labs, about how brokers will have to adapt to the new office landscape, and the opportunities afforded them...
November 24, 2021
Managing the Construction Worker Shortage
A new report released by the Home Builders Institute (HBI) predicts that the construction industry may be on the cusp of an employee shortage crisis. The HBI’s Fall 2021 Construction Labor Market Report—based on data analysis from the Bureau of Labor Statistics—estimates that an additional 2.2 million new hires will be necessary over the next...
November 15, 2021
Cybersecurity Confidence Gap in Hospitality, Restaurant and Retail Sectors
New data released from Cornell University’s Center for Hospitality Research and FreedomPay, a global leader in data-driven commerce, reveals that while nearly all (96%) surveyed retail, restaurant and hospitality stakeholders are confident in their companies’ internal risk assessment processes, their satisfaction (95%) in the security of their systems is misaligned with reality, as one-third of...
November 12, 2021
Mitigating Workers’ Comp Claims for Remote Employees
As many employees have adjusted to working from home, trading their cubicle for a kitchen table and the board room meetings for Zoom appointments, many have become accustomed to making a workplace out of practically anywhere. Of course, some of these changes come with implications, especially in the workers’ compensation arena. Identifying a few key...
November 11, 2021
Construction Sector Faces Risk Management Hurdles
SAN DIEGO – The construction sector faces a broad range of risk management and productivity challenges that need to be overcome for the sector to thrive, a construction executive said Monday. The COVID-19 pandemic, social unrest, rapid technological change, personnel shortages and climate change have combined to pose serious threats to companies operating in the...
November 9, 2021
Building a Culture of Wellbeing in a Hybrid Workforce
Hybrid models of working — with some employees remote, some in the office and some with a varied schedule — are here to stay. While this flexible approach is appealing to employees, it often poses a challenge for employers who wish to build and maintain a vibrant and productive workplace culture. We know that culture...
November 2, 2021
Fire Risk and the Return to Office
Fire is one of the oldest and most devastating risks businesses face. A fire can completely destroy a business’ premises and equipment in a very short time, as well as seriously injure or kill employees, visitors and customers. With many businesses’ facilities seeing reduced use due to the COVID-19 pandemic, fire risk management may slip,...