General Industry
March 9, 2023
A ‘Seismic Shift’ is Coming to Commercial Real Estate, CEO of a Flexible Workspace Giant Says
Employees around the world were forced to adopt fully remote work for the first time when COVID-19 struck. But as the pandemic stretches into its third year, vaccines become more widespread, and hospitalization rates drop, companies have been trying to lure employees back to working in the office full-time once more. JPMorgan Chase’s Jamie Dimon...
February 20, 2023
Revealed – Issues Challenging Commercial P&C in Today’s Environment
Commercial property and casualty (P&C) insurance carriers have been delivering strong financial performance in recent years despite the widespread disruption caused by the COVID-19 pandemic and other global events, according to a recent McKinsey report. The report noted that premiums have been driven by extensive risk-adjusted rate hardening on a year-on-year basis, resulting in an...
February 16, 2023
Determining Whether to Offer Multiple Health Plan Options
Alongside compensation, health care coverage is often seen as one of the most important benefits a job can offer. And the larger the variety of options available to employees, the more likely they are to find an option that best suits their needs. This is good for employers because employees are more likely to stay...
February 14, 2023
How Captives and Program Solutions Can Benefit Insureds Amid Social Inflation and Rising Insurance Prices
As markets harden, insureds from every sector may be experiencing hefty premium increases across lines. In recent years, as the insurance industry has attempted to balance its books in the face of inflation and the aftermath of the COVID-19 pandemic, rate increases have become the norm, even for businesses with good loss histories. Take the...
February 13, 2023
Four Benefits of Quickly Reporting Workers’ Comp Claims
Workplace injuries are a reality that many small businesses face — especially those in higher-risk industries such as manufacturing, construction and transportation. Workplace accidents happen, regardless of the industry, so it’s important to understand the benefits of efficient reporting of workers’ comp claims. The amount of time it takes to report claims can have a...
February 9, 2023
Returning to the Fundamentals of Risk Management
The beginning of the year marked the return of the annual World Economic Forum in Davos, Switzerland, with the theme of “Cooperation in a Fragmented World”. For more than 50 years, the Davos Forum has brought together business leaders, governments, academics, and civil society experts to address and discuss the world’s most pressing challenges. Coinciding...
February 8, 2023
Long COVID’s Effect on Workers Comp Costs Remains Unknown
Workers compensation claims involving long COVID may rise this year, though cost projections are hard to come by, experts say. In January, the Workers Compensation Research Institute reported that comp claims with long COVID had higher-than-average medical payments and indemnity payments and longer durations of temporary disability than regular COVID-19 claims. “In particular, we found...
February 7, 2023
Email Security Best Practices
Since organizations rely heavily on email to communicate and conduct business operations, cybercriminals commonly target email as an entry point to access networks and breach valuable business data. In fact, 94% of malware is delivered by email, according to Verizon’s Data Breach Investigations Report. Following a cybersecurity breach, organizations may suffer financial, reputational and intellectual...
February 1, 2023
Managing Real Estate Assets Through Inflation
While the signals are mixed, there are signs that inflation is finally easing. We can debate the measures the Fed and the Biden administration have taken to push back against rising costs, but inflation control would undeniably be a good thing for the bottom lines of investment real estate properties. Job market and supply chain...
January 31, 2023
Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction
The perfect storm of inflation, supply-chain disruptions and ongoing labor shortages is adding additional risk factors to construction projects in 2023. Despite year-over-year growth, the construction industry is still facing a 400,000-plus worker deficit.[1] At the same time, inflation is contributing to the rising cost of construction materials, and supply-chain bottlenecks continue to affect the timely...