insurance
August 15, 2022
Could changes be coming for the workers’ comp space?
It’s been quite a couple of years for the insurance industry, with the impacts of COVID-19, inflation, and fundamental changes to the labor market taking their toll. Despite all this, however, the workers’ compensation system is booming – it remains one of the most profitable segments of the US property and casualty insurance industry. According...
August 11, 2022
Rethinking Cyber Risk Assessment Models
Most businesses are grappling with rapidly rising cyber risk, and rapidly increasing cyber insurance claims have caused premiums to surge. According to a report by Fitch Ratings, the number of cyber claims increased by 100% over the past three years, with prices up 130% in the US and 92% in the UK. This rate of...
July 26, 2022
What Are the Top Causes of Claims for Businesses?
Fire and explosion, natural catastrophes, and faulty workmanship or maintenance have been the major causes of loss by value of insurance claims over the past five years, according to a new study from Allianz Global Corporate & Specialty (AGCS). “Insurance claims from companies have become more severe over the past five years due to factors such as...
July 25, 2022
These Three Trends Could Have Big Implications for Workers’ Compensation
Legislation surrounding the gig economy, single-payer health insurance and marijuana legalization all have the potential to impact the U.S. workers’ compensation system, according to a National Council on Compensation Insurance (NCCI) report. Digital platforms such as Uber ushered in a modern gig economy and renewed public discourse on worker classification. Proposals in numerous states would...
June 17, 2022
Combating Rising Benefits Costs During Periods of High Inflation
The U.S. inflation rate has increased by 8.3% over the last year, according to the Bureau of Labor Statistics (BLS). This has led to significant price increases across various consumer goods as well as employee benefits such as health insurance. In fact, one-third of U.S. employees have already seen an increase in their health costs...
August 20, 2020
A Brief Guide to Risk Management in Construction Projects
In order to mitigate the risks associated with construction, it is essential to assess the risk accurately and have a control mechanism in place once the threat has been identified. Being able to manage risks effectively will lead you to higher profits and good relationships with the clients. For contractors, the most significant risk...
July 28, 2020
Construction Must Take Lead and Grasp Opportunity for Change Post-Covid
CONSTRUCTION MUST TAKE LEAD AND GRASP OPPORTUNITY FOR CHANGE POST-COVID Changing trends in working locations and travel needs, net zero projects, the green recovery and the need for effective strategic planning were just some of the issues highlighted at the latest Infrastructure Intelligence Covid Recovery webinar on Friday 17 July 2020. Hosted by Infrastructure Intelligence editor...
July 21, 2020
DOL Releases More Q&As on Workplace Laws and Coronavirus
DOL RELEASES MORE Q&AS ON WORKPLACE LAWS AND CORONAVIRUS On July 20, 2020, the U.S. Department of Labor (DOL) announced the agency’s publication of additional guidance on applying federal employment laws in the context of the COVID-19 pandemic. The guidance is in the form of questions and answers added to sets of Q&As the...
July 14, 2020
5 Ways COVID-19 Is Reshaping HR
5 WAYS COVID-19 IS RESHAPING HR The coronavirus (COVID-19) pandemic has upended the entire world, it seems. With fluctuating infection rates and conflicting official guidance, organizations will need to adapt quickly if they want to succeed in the post-coronavirus landscape. HR teams stand at the forefront of these efforts. For years, HR departments have...
July 8, 2020
Statewide California Construction Employment: How Has it Fared with COVID-19?
STATEWIDE CALIFORNIA CONSTRUCTION EMPLOYMENT: HOW HAS IT FARED WITH COVID-19? Construction employment declined in more than nine out of 10 metro areas from March to April, a time when industry employment typically increases in most locations, an analysis by the Associated General Contractors (AGC) of America of new government data shows. The San Francisco...