General Industry
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 31, 2022
Commercial Property Renewals Stabilize
Commercial property insurance buyers can expect to see more stable market conditions overall in 2022, but for catastrophe-prone and loss-hit accounts, capacity will continue to be tough to secure and more costly. While year-end renewals were generally easier than in 2020, the impact of unexpected December wildfires in Colorado and a significant tornado outbreak that...
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 26, 2022
Most Costly OSHA Violations for the Construction Industry
OSHA keeps records not only of the most frequently cited standards overall but also within particular industries. An analysis of the most recent statistics from OSHA revealed the top standards cited in the fiscal year 2021 for the construction industry. Here are some of the sector’s most common (and expensive) violations from this past year...
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...
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 21, 2021
Flood Insurance Outlook for 2022 & Beyond
COVID-19 may have carried most of the headlines again in 2021 but flooding across America and issues related to flood insurance continued to make the news as well. While Hurricane Ida worked its way from the Gulf to the Northeastern seaboard in late August, Federal Emergency Management Administration (FEMA) was rushing to implement the National...
December 14, 2021
OSHA’s Top 10 Most Frequently Cited Standards for Fiscal Year 2021
Each year, the Occupational Safety & Health Administration (OSHA) releases preliminary data to support their latest Top 10 Most Frequently Cited Standards list at the National Safety Council’s Safety Congress & Expo. With a slight delay in last year’s data release due to COVID-19, the Administration is back on track announcing the new Top 10...
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...