General Industry

July 17, 2024

The Value of Professional Liability Insurance

Although most service professionals prioritize taking good care of their clients and providing them with the best possible guidance, mistakes can still happen. When these errors occur, clients could face considerable harm, prompting them to hold service professionals accountable for their wrongdoings and leading to costly lawsuits. Fortunately, that’s where professional liability insurance can help....

July 8, 2024

OSHA Proposes Heat Injury and Illness Prevention Standard

On July 2, 2024, the U.S. Department of Labor’s (DOL) Occupational Safety and Health Administration (OSHA) announced an unofficial version of the proposed standard to protect workers from heat injury and illness. If finalized, the new standard would apply to all employers conducting indoor and outdoor work in all general industry, construction, maritime and agricultural...

July 3, 2024

2024 Midyear Market Outlook: Cyber Insurance

Heightened claim frequency and severity have created a volatile cyber insurance market in recent years, with most policyholders facing ongoing premium increases. Fortunately, the segment experienced underwriting profitability in 2022, allowing conditions to soften in 2023. Yet, many insureds are still experiencing coverage restrictions, underwriting scrutiny and exclusions for certain losses. In 2024, a report...

July 2, 2024

CMR Webinar: California PAGA Updates

Join us for an insightful webinar co-hosted by CMR Risk and Eric De Wames, Employment Law Managing Partner at Michael Sullivan & Associates, where we delve into the intricacies of California’s Private Attorneys General Act (PAGA) claims. Governor Newsom’s office recently announced a much needed and long-awaited agreement to reform PAGA. The proposed changes aim...

June 27, 2024

Active Assailant Coverage: A Key Provision in Preparing for California’s New Workplace Violence Prevention Law

With more than 650 mass shootings in 2023 and more than 110 this year (at the time of publication), it’s clear that active assailant incidents pose a severe and unpredictable threat to businesses of all types. And while most insureds have not been exposed to an active assailant event, the demand for this coverage is on the rise....

June 26, 2024

Preventing Heat-related Illnesses at Work

During the hot summer months, outdoor employees are increasingly vulnerable to heat-related illnesses. Normally, the body has ways of keeping itself cool by allowing heat to escape through the skin and evaporating sweat. However, if the body does not cool down properly or enough, a person may suffer a heat-related illness. Here are the three...

June 20, 2024

EEOC Releases Promising Practices for Preventing Harassment in the Construction Industry

Recognizing that the unique structure of construction jobs can leave workers in the industry especially vulnerable to workplace harassment, the U.S. Equal Employment Opportunity Commission (EEOC) has issued a new guidance document outlining specific steps industry leaders can take to combat harassment in construction workplaces. The new document, “Promising Practices for Preventing Harassment in the...

June 18, 2024

Commercial Property Insurance Market Proving More Stable, Capitalized: USI

Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property & Casualty Market Outlook Mid-Year Addendum. “Large rate increases from 2023 have mostly subsided for the broader market,” the New York-based insurance brokerage firm said in the report....

June 13, 2024

U.S. Job Growth Expected to Spike Workers’ Comp Claims

Employers will likely face an increase in workers’ compensation claims in light of the U.S. Labor Department’s May 2024 report indicating the country added 272,000 new jobs. “New employees not only equal more workers’ comp premiums, they are significantly more likely to incur a claim,” Joe Paduda, owner of Health Strategy Associates, said in an interview with PropertyCasualty360.com. “Jobs in health care and...

June 12, 2024

The Value of D&O Insurance for Private Companies

With today’s growing emphasis on corporate transparency and accountability, an organization’s directors and officers may face a range of liability exposures. For instance, stakeholders and third parties may hold a company’s board members responsible for damages resulting from their alleged mistakes or poor decisions, prompting legal action. Regardless of an organization’s size or mission, the...