Real Estate
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 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...
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...
November 29, 2021
With Flex Space Taking Over 30 Percent of Office Market, Brokers Face New Challenges
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...
November 12, 2021
Mitigating Workers’ Comp Claims for Remote Employees
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...
November 9, 2021
Building a Culture of Wellbeing in a Hybrid Workforce
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...
November 2, 2021
Fire Risk and the Return to Office
Fire is one of the oldest and most devastating risks businesses face. A fire can completely destroy a business’ premises and equipment in a very short time, as well as seriously injure or kill employees, visitors and customers. With many businesses’ facilities seeing reduced use due to the COVID-19 pandemic, fire risk management may slip,...
October 25, 2021
Cyber Risk Accrual in U.S. Commercial Property Could Trigger $12B Loss
The accumulation of cyber risk in the U.S. commercial property insurance market could trigger a one-in-100-year loss of $12.5 billion, which would cause a downward transition in the AM Best capital adequacy ratio (BCAR) for nearly 20 U.S. property carriers, according to a study by CyberCube, AM Best and Aon plc. The research indicates that insurers...
October 18, 2021
Boost Your Company’s Safety Culture
Safety culture is a much-discussed concept these days, but what does it actually mean? According to the Occupational Safety and Health Administration’s (OSHA) Construction Safety & Injury Prevention Program Workbook, “a culture is an attitude that develops over time, based upon learning, personal experiences, beliefs, and upbringing; and is widely demonstrated by company staff. While adjusting...