Property and Casualty
May 8, 2025
OSHA Extends Outdoor and Indoor Heat-related Hazards National Emphasis Program
OSHA issued a notice in January that it would extend the effective date of its Outdoor and Indoor Heat-related Hazards National Emphasis Program (NEP) until April 8, 2026. Originally, this NEP was set to expire on April 8, 2025. OSHA states its review of this NEP shows success in identifying and targeting industries with employee...
May 6, 2025
Hurricane Preparedness Week 2025: Protecting Your Commercial Property from Storm-Related Risks
As we observe Hurricane Preparedness Week 2025, it’s a critical time for property managers and commercial real estate stakeholders to reassess their readiness for hurricane season. The increased intensity and unpredictability of recent storms have heightened the urgency to develop comprehensive risk management strategies that safeguard people, property, and profits. The Growing Threat of Hurricanes to...
March 27, 2025
Unusually Active Hurricane Season in Store for the Atlantic: AccuWeather
Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the US, AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those are expected to become hurricanes with winds of at least 74 miles (119 kilometers) per...
March 25, 2025
Contractual Risk Transfer for Landlords
Risk management is an essential aspect of property leasing, and one method that landlords can utilize to reduce potential losses is contractual risk transfer. This legally binding strategy assigns responsibilities for liabilities and related costs to the party who may be best positioned to control the risk. Together with other risk management strategies (e.g., risk...
March 6, 2025
Report Reveals a Rise in Cargo Theft
A new report released by multinational data analytics company Verisk revealed that a record-setting 3,625 cargo theft incidents occurred across North America in 2024, reaching nearly $455 million in valued losses. This article summarizes key findings from the report and highlights recent cargo theft incidents. Key Findings The Verisk report confirmed that cargo theft frequency...
January 28, 2025
Earthquake Awareness Month
February is Earthquake Awareness Month. It is a good time to make sure your property is protected against the impact of earthquakes. Even though earthquakes are seen as more common on the West Coast, earthquakes have occurred in 39 states. Consider implementing the following safety measures to protect your property from the impacts of an...
January 3, 2025
U.S. Commercial Property Pricing Is Turning a Corner Heading Into 2025
With years of double-digit rate increases now in the past for many buyers, the U.S. commercial property market has improved and shows signs of stability even amid obstacles, according to a new report from the Insurance Information Institute (III). Growth in the U.S. commercial property market has been primarily rate-driven for the last several years,...
December 19, 2024
Vacant Property Risks
Vacant construction sites face the risks of theft, trespassing, fires and other hazards. Potential losses might include the value of damaged or stolen materials, the liability of an individual being injured on the property, and the costs of organizational disruptions if an essential piece of equipment is vandalized or taken. The insurance risks and liabilities...
December 12, 2024
Commercial Real Estate Trends to Watch in 2025
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine the factors that may impact their coverage. For 2025, there are a host of sweeping market developments to consider. Extreme Weather Events Extreme weather events—such as hurricanes, tornadoes, hailstorms and...