Finance and Equity
December 8, 2022
Businesses Advised to Review D&O, Other Policies for ESG Risks
Businesses should review their directors and officers liability insurance and other policies to better understand how they would protect them from a widening array of claims arising from environmental, social and governance risks, a panel of experts said Wednesday. Heightened SEC enforcement actions against investment advisers, on whistleblower tips, and on company disclosures, show the...
July 15, 2022
2022 Midyear Market Outlook: Cyber Insurance
The past year has seen a rapidly hardening cyber insurance market as cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a rise in cyber insurance claims and subsequent underwriting losses. Amid these market conditions, most policyholders experienced higher cyber insurance rates at their 2022 renewals, with...
May 25, 2022
Construction Costs Outpacing Property Rate, Limit Increases
Property insurers are not raising coverage limits and rates to keep pace with inflating construction costs, according to a Moody’s Investors Service report. Rising costs for construction materials and labor means elevated loss severity for insurers because repair and replacement work are more expensive. “Higher costs for construction materials and labor have caused elevated loss...
May 18, 2022
Why Are US Commercial Insurance Rates Continuing to Climb?
A new report from the American Property Casualty Insurance Association (APCIA) has looked into the impact of inflationary pressures on commercial lines insurance in the US and identified three main drivers of commercial insurance rate increases. “Insurers and agents continue to look for ways to reduce costs while still meeting all obligations to policyholders, but as claims...
March 1, 2022
5 Trending Captive-Insurance Considerations for 2022
If 2020 and 2021 showed us anything, it’s that the unexpected can and will happen — whether it’s a global pandemic, a cargo ship blocking one of the world’s busiest trade routes or a storm creating a widespread power outage. These unforeseen risks are difficult to predict and insure against, which made captive insurance, with its ability...
February 28, 2022
What to Know About Workers’ Compensation Insurance for Small Business Owners
Small business owners play a vital role in the U.S. economy. As of 2019, small businesses generated about 44% of the U.S. economic activity—employing nearly every type of worker in every type of industry, from construction and restaurants to insurance, marketing, and media. But while small businesses are a lifeline for the economy, owning a small business...
February 8, 2022
10 Emerging Risks to Watch
Insurance Journal examined industries experiencing changes and a few challenges due to the COVID-19 pandemic, economic forces and tough insurance market conditions in 2021. Here are 10 industry sectors that could see new and emerging risks in 2022 and beyond. Cyber Like the risk itself, the cyber insurance market is constantly changing and keeping carriers...
January 28, 2022
11 Trends that Will Shape Work in 2022 and Beyond
At the start of 2021, many of us expected the world to return to normalcy. Vaccines were starting to roll out, and many executives felt like it would be a matter of a few short months before we would all return to the workplace. But 2021 was more volatile than expected, with the rise of new...
January 24, 2022
Labor Shortages and Business Liability Risks
The past year has seen labor shortages across industry lines. According to a recent study from the Society for Human Resource Management, nearly 90% of businesses are having a hard time filling open positions. These shortages have resulted from various factors, many of which are related to individuals reevaluating their employment priorities due to the...
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...