Property and Casualty
December 14, 2022
It’s a Wrap: Key Issues Insurers Faced in 2022
Insurers faced some tough challenges in 2022, including a few that threatened their very existence. Astronomical jury verdicts, AI deep fakes, seemingly unending numbers of claims seeking compensation for coronavirus business shutdowns — more than a few industry lawyers spent sleepless nights beating back litigation that targeted the very core of the industry’s stability. Here’s...
December 8, 2022
Businesses Advised to Review D&O, Other Policies for ESG Risks
Businesses should review their directors and officers liability insurance and other policies to better understand how they would protect them from a widening array of claims arising from environmental, social and governance risks, a panel of experts said Wednesday. Heightened SEC enforcement actions against investment advisers, on whistleblower tips, and on company disclosures, show the...
November 21, 2022
The Top 3 Questions Agents Ask about Builders Risk
Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers don’t tell you that the contractor and property owner all face risks in the renovation process — risks that are distinct from...
November 15, 2022
Moving Toward a Sustainable Safety Culture
Although more than three-quarters of hiring organizations said improving safety culture alignment among their contractors is the most effective approach for driving down serious injuries and fatalities in the workplace, but only around 20% of organizations believe they have achieved a sustained safety culture, according to a survey by ISN Software Corp. In order to move...
November 3, 2022
Well-Prepared Leaders Embrace Risk
Well-prepared leaders embrace risk and make better decisions during times of economic uncertainty, according to a new study by Aon. Aon’s 2022 Executive Risk Survey, Making Better Decisions in Uncertain Times, was compiled from more than 800 interviews with C-suite and senior executives from companies with 500 or more employees. Respondents were asked questions about what...
October 31, 2022
Duties in the Event of a Commercial Property Loss
Most people understand that insurance companies have a duty to reimburse insureds for commercial property damage not excluded by their policies. What’s lesser known is that if a loss does occur, insureds also have duties they owe to their insurance company. Many commercial property insurance policies include language detailing steps that must be taken following...
October 28, 2022
Preventing Slips, Trips and Falls During Winter
As temperatures begin to drop, walkways can quickly become hazardous due to snow and ice. Winter slips and falls at businesses are common sources of injuries for visitors and employees alike. As an employer, it’s crucial to maintain the safety of your property and keep your employees and visitors safe. Whether you take care of...
October 26, 2022
Minimizing Caught-in or -between Hazards
Caught-in or -between hazards may cause injuries if a person is squeezed, caught, crushed, pinched or compressed between two or more objects, or between parts of an object. Such accidents can occur in any industry. Common workplace conditions that can lead to caught-in or-between hazards include: Working with unguarded moving parts Working in unprotected excavations...
August 1, 2022
Construction Safety Professionals Struggle to Prevent Fall Hazards
Earlier this month, the Occupational Safety and Health Administration announced a new initiative to conduct surprise safety inspections for fall hazards. A day later, the agency announced $32,113 in fines for a Florida construction company where a 19-year-old worker died after falling from a clubhouse roof. The fines were far from unusual, but the juxtaposition...
July 27, 2022
For an Edge on Office Leasing, Get Health Conscious
A research note out of Marcus & Millichap on the office market claims there are “bifurcated fundamentals.” Central business district (CBD) offices are seeing faster climbing vacancy rates than those in suburbs, so preliminary second quarter data suggests. What’s causing the unhealthy disparity? Concerns about health. “This is in part due to the increased emphasis...