insurance

February 6, 2025

Real Estate Industry Trends to Watch in 2025

The real estate sector consists of two categories: habitational and commercial. Habitational real estate pertains to residential properties, whereas commercial real estate refers to buildings utilized for business activities. This industry plays a key role in the economy, providing individuals with comfortable places to live and equipping businesses with adequate spaces to conduct their operations....

January 23, 2025

Manufacturing Industry Trends to Watch in 2025

The manufacturing industry plays a critical role in driving economic growth, producing a diverse range of goods essential to global markets. In recent years, this sector has seen significant expansion fueled by increasing production demands and legislative initiatives offering funding and tax incentives. In fact, professional services firm Deloitte reported that construction spending in manufacturing—funds...

January 21, 2025

Inflation Rose in December 2024 As Expected

The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) rose 2.9% year over year in December 2024, up from 2.7% in November. This figure matched economist expectations and was likely impacted by seasonal factors, including gas, food and vehicle prices. The “core” CPI, which strips out the unpredictable food and energy...

January 16, 2025

Preventing Theft and Vandalism for Small Businesses

Theft and vandalism pose significant risks to small businesses across all industries. These incidents can lead to financial losses, property damage and operational disruptions. Given these potential consequences, business leaders must take steps to safeguard their organizations. Theft and vandalism can affect a small business’s finances and operations, so business leaders should take steps to...

December 3, 2024

Stable Outlook Continues for the U.S. Commercial Lines Market

“Persistently strong” underwriting performance and solid investment returns prompted a continued stable outlook for the U.S. commercial lines sector, according to a market segment report from AM Best. “Our expectation is that the U.S. commercial lines segment will remain profitable in the aggregate and will be resilient in the face of near- and longer-term challenges,”...

November 19, 2024

The Role of Coinsurance and Sublimits in Cyber Insurance 

Cybercriminals increasingly use sophisticated methods to infiltrate businesses’ computer systems and networks, putting sensitive data and personally identifiable information at risk. With cyberthreats evolving in scope and complexity, businesses of all sizes and industries face potentially devastating financial and reputational damages. To manage these risks, leaders should adopt robust cyber defenses and follow cyber hygiene...

October 24, 2024

Preventing the Top 4 Construction Hazards

Construction is one of the most hazardous industries in the United States. Many injuries on construction sites are caused by falls, struck-by incidents, caught-in-between incidents and electrocutions. The following are basic safety tips for avoiding these hazards and remaining injury-free: Preventing Falls Preventing Struck-by Incidents Preventing Caught-in-Between Hazards Preventing Electrocutions For more information, speak to...

October 23, 2024

CMR Selected as Silver Winner for Insurance Journal’s Best Agencies to Work For Award

October 7, 2024 CMR Risk and Insurance Services, Inc. selected as a Silver Winner for Insurance Journal’s Best Agencies to Work For Award. CMR ranked Silver for the West Region, after current employees voted for the agency to be recognized. Each year Insurance Journal surveys the property casualty industry for the Best Independent Insurance Agencies...

October 10, 2024

Commercial P&C Rates Up 3.8% in Q3, but Q4 Could See Hurricane Effects

The U.S. property and casualty insurance market saw rates rise an average of 3.8% for commercial lines and 6.75% for personal lines in the third quarter, according to the latest data from MarketScout. The average increases for Q3 are down from 4.36% for commercial lines and 7.6% for personal lines in the second quarter. The...

October 8, 2024

Getting the Most Out of Your 2025 Open Enrollment Communications

Open enrollment is a crucial period for both employers and employees. It’s when employees can make important decisions about their benefits and an opportunity for employers to engage with their workforce effectively. As organizations continue to adapt to evolving workforce needs and changing regulations in 2025, open enrollment communication becomes more critical than ever. This...