Several cost-driving trends have contributed to the hard commercial property insurance market. This environment has led to continuous rate increases and other challenging conditions. In these circumstances, it’s crucial for businesses to understand why premiums have been rising. This article discusses seven factors currently impacting commercial property insurance costs. Catastrophic losses—Hurricanes, tornadoes, wildfires, winter storms...
The U.S. Bureau of Labor Statistics (BLS) reported that the consumer price index (CPI) rose 4% year over year in May, a significant decline from 4.9% in April. This is the lowest annual pace since 2021 and slightly below economists’ expectations of a 4.1% increase, according to Refinitiv, global provider of financial market data and...
Without a thorough evaluation of its business model, any manufacturer can be severely threatened by an economic downturn. While devising creative solutions to keep your business running despite unfavorable economic conditions, keep in mind that changes to your business can result in new liability exposure. Supply Chain Risks It’s no secret that the financial security...
What does inflation have to do with healthcare? As far as consumers are concerned, just about everything. The cost of healthcare is not immune to historic levels of inflation: A recent report by WTW predicts that global healthcare benefit costs will jump 10% in 2023. Coupled with rising consumer prices, and unaffordable healthcare can have troubling and swift...
Runaway inflation has become the economic drumbeat that keeps getting louder as election midterms approach in November, but in the workers’ compensation sector, executives see an improved picture on the horizon for both medical and wage inflation — despite the multi-decade high in the consumer price index straining families’ wallets and patience. As employers ratchet...
In working with CMR, they have proven to have a great expertise in the management of risk and insurance design/placement when it comes to the real estate sector...
Paul P.
We have worked with many insurance brokers in connection with our construction and liability requirements. CMR is by far the best agent - consultant - broker we...
Robert E.
I have to say you have given the best/most excellent customer service, I have come across in years. I truly mean that.
Carol S.
CMR is very knowledgeable when it comes to insurance and takes the time to understand the company needs when it comes to providing the best protection and cover...
John P.
I would like to take this opportunity to thank you for providing such a wonderful service representative. She is absolutely wonderful. This has been a scary tim...
Michelle J.
CMR has provided insurance services directly to RSS and RSS's clients for many years. CMR is readily available and responsive. True experts and consummate advis...
Ira C.
We have worked with CMR since 2007 to secure general liability, auto and work comp insurances. CMR is constantly coming up with ways to save us money while prov...