Risk Management
May 28, 2025
Severe Convective Storm Losses for 2025 Already Exceed $20 Billion
Insured losses from the severe convective storms (SCS) that occurred between May 14–17, 2025, are estimated to range from $4 billion to $7 billion. According to recent estimates from reinsurance brokers, these storms are likely to rank among the costliest SCS events in U.S. history. “Two large severe weather outbreaks on May 14-17 and May...
May 27, 2025
Business Continuity Planning Benefits
Unexpected disasters can impact organizations, their operations and stakeholders. Natural catastrophes, cyberattacks, public health crises and supply chain incidents can all have serious consequences. These and other events can damage commercial property and digital assets, disrupt critical business functions and cause operational downtime. They can also result in illnesses or injuries, emotional harm, and financial...
May 22, 2025
5 Common Cybersecurity Mistakes and How to Avoid Them
All organizations, regardless of their size or industry, are at risk of being targeted by cybercriminals. These malicious actors can conduct cyberattacks, leading to significant financial, operational and reputational damage that can be difficult or impossible to recover from. Fortunately, solid cyber hygiene practices can reduce the likelihood of data breaches and other cyber incidents...
May 20, 2025
Supporting Employees During Mental Health Awareness Month and Beyond
Employee mental health has become a workplace topic of increased focus and awareness in recent years. An employee’s mental health includes how they think, feel and act, and their emotional and social well-being. While mental health includes mental illness, these two concepts aren’t interchangeable. For example, an employee can go through a period of poor...
May 15, 2025
Workers’ Comp Strong In 2024 But Susceptible to Economic Shocks
The U.S. workers’ compensation market had another strong year, posting a combined ratio of 86% for 2024 for an 11th consecutive year of underwriting profitability, according to the National Council on Compensation Insurance’s (NCCI) annual State of the Line report. “The workers’ compensation system continues an era of exceptional performance with strong results and a...
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...
May 1, 2025
OSHA Releases 2024 Injury and Illness Data
On April 17, 2025, OSHA released its 2024 workplace injury and illness data that was collected from its Injury Tracking Application (ITA). The data came from 370,000 reports submitted on the OSHA Form 300A Summary of Work-Related Injuries and Illnesses. In addition, OSHA has posted partial data from more than 732,000 OSHA Forms 300 Log...
April 29, 2025
National Safety Stand-down to Prevent Falls in Construction Set for May 5-9, 2025
OSHA and several key partners are teaming up to host a National Safety Stand-down to Prevent Falls in Construction. This event is scheduled for May 5-9, 2025, across the country and aims to raise awareness of fall hazards. Its efforts seek to stop fall fatalities and injuries. What Is a Safety Stand-down? A safety stand-down...
April 24, 2025
Understanding and Mitigating Nonprofit D&O Risks
Nonprofit organizations can benefit their communities in many ways, often providing a range of valuable services and other charitable contributions to people in need. As the leaders of these organizations, board members are responsible for maintaining successful operations and ensuring their nonprofits accomplish key initiatives. While this can be fulfilling work, it also carries some...