If 2020 and 2021 showed us anything, it’s that the unexpected can and will happen — whether it’s a global pandemic, a cargo ship blocking one of the world’s busiest trade routes or a storm creating a widespread power outage. These unforeseen risks are difficult to predict and insure against, which made captive insurance, with its ability...
The switch to hybrid working for corporate occupiers seems inevitable now. Even as other activities like travel and entertainment have bounced back after the Omicron surge, office attendance hasn’t. But just because employees seem to want hybrid work, that doesn’t mean companies have it all figured out. That might be because there’s no one-size-fits-all roadmap for...
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...
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...
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...
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...
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...
With the growing shift in the office market toward flex space, office brokers are facing a sea change that will deeply impact how they operate. Partner Insights spoke to John Arenas, CEO of flex space provider Serendipity Labs, about how brokers will have to adapt to the new office landscape, and the opportunities afforded them...
As many employees have adjusted to working from home, trading their cubicle for a kitchen table and the board room meetings for Zoom appointments, many have become accustomed to making a workplace out of practically anywhere. Of course, some of these changes come with implications, especially in the workers’ compensation arena. Identifying a few key...
Hybrid models of working — with some employees remote, some in the office and some with a varied schedule — are here to stay. While this flexible approach is appealing to employees, it often poses a challenge for employers who wish to build and maintain a vibrant and productive workplace culture. We know that culture...