At the start of 2021, many of us expected the world to return to normalcy. Vaccines were starting to roll out, and many executives felt like it would be a matter of a few short months before we would all return to the workplace. But 2021 was more volatile than expected, with the rise of new...
OSHA keeps records not only of the most frequently cited standards overall but also within particular industries. An analysis of the most recent statistics from OSHA revealed the top standards cited in the fiscal year 2021 for the construction industry. Here are some of the sector’s most common (and expensive) violations from this past year...
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...
Mental health has been a hot topic recently, thanks to the COVID-19 pandemic. Over the past two years, so many people have experienced issues such as burnout, depression, anxiety and substance addiction. In fact, 40% of U.S. adults said they have struggled with mental health or substance abuse during the pandemic, according to a Jellyvision...
Unlike other lines of coverage, the market for workers’ compensation insurance has remained stable across most states and industries, performing as an outlier by producing profitable underwriting results. According to the National Council on Compensation Insurance (NCCI), the private carrier combined ratio for workers’ compensation in 2020 carriers was 87, up from 85 in 2019,...
COVID-19 may have carried most of the headlines again in 2021 but flooding across America and issues related to flood insurance continued to make the news as well. While Hurricane Ida worked its way from the Gulf to the Northeastern seaboard in late August, Federal Emergency Management Administration (FEMA) was rushing to implement the National...
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...
There’s no question that COVID-19 drastically reshaped our work lives – many of the changes are here to stay. We have entered a new era of work. As we emerge from this time of uncertainty and start planning for 2022 and beyond, it’s clear that workplaces cannot return to “business as usual.” Future-thinking insurance agencies...
A new report released by the Home Builders Institute (HBI) predicts that the construction industry may be on the cusp of an employee shortage crisis. The HBI’s Fall 2021 Construction Labor Market Report—based on data analysis from the Bureau of Labor Statistics—estimates that an additional 2.2 million new hires will be necessary over the next...