General Industry
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...
February 12, 2024
Types of Transitional Duties in Return-to-Work Programs
When an employee experiences an occupational illness or injury, their eventual return to the workplace can create considerable challenges, putting significant stress on both the individual and their employer. Nevertheless, return-to-work (RTW) programs can help alleviate these concerns by supporting staff as they reintegrate into the workforce. These programs may entail having an injured employee...
February 5, 2024
Manufacturing Industry Trends to Watch in 2024
Businesses in the manufacturing sector contribute significantly to the economy by utilizing raw materials to create a wide range of finished products. In recent years, this industry has experienced considerable growth and has capitalized on recent legislation that provided substantial funding and tax incentives. The Infrastructure and Jobs Act, the Creating Helpful Incentives to Produce...