insurance

November 9, 2023

Employer-reported Nonfatal Workplace Injuries and Illnesses Up 7.5% From 2021

Private industry employers reported a 7.5% increase in nonfatal workplace injuries and illnesses in 2022 compared to 2021, according to the U.S. Bureau of Labor Statistics. The incidence rate of total recordable cases was 2.7 cases per 100 workers who are full-time equivalent (FTE). In 2022, the rate of injury cases remained at 2.3 cases...

November 7, 2023

CMR Makes the Business Insurance Best Places to Work in Insurance 2023 List

Business Insurance has named CMR Risk & Insurance Services on the Best Places to Work in Insurance List 2023 in the small employer category. Business Insurance puts out the list annually to recognize companies across the insurance industry that have earned the highest levels of engagement and satisfaction from their colleagues. The honor is especially...

November 6, 2023

The 2023 Cyber Year in Review

When everyone thinks of cyber, first-party ransomware claims spring to mind, but this year there has been a more significant rise in third-party liability claims driven by pixel and tracking software-related matters. As more U.S. states pass laws against the collection of personally identifiable information, tracking software claims have evolved. This new trend follows other data privacy trends that...

November 3, 2023

Protecting Your Business Against Frozen Pipes and Sprinkler Systems

During the winter season, businesses face a unique set of property challenges, including the risk of frozen pipes and sprinkler systems. These issues can result in costly damage, disruption of operations and potential safety hazards. It is essential to understand which pipes and systems are most vulnerable to freezing, the impact of cold weather on...

November 1, 2023

More Individuals Downgrading Insurance Plans Due to Rising Health Care Costs

The most recent Nationwide Retirement Institute Health Care Costs in Retirement survey found that many Americans are not confident in their ability to pay health care costs as they age. According to the survey, over half of respondents said they’d be unable to pay off an unexpected $5,000 health care expense, and a similar number...

October 31, 2023

Protecting Your Building and Occupants From Vehicle Crashes

Vehicle crashes into buildings can result in severe property damage, which can lead to expensive repairs and business interruptions. In a worst-case scenario, such accidents can cause injuries or even fatalities. As a business owner, it is crucial to take proactive measures to protect your property from these incidents. This article aims to help you...

October 30, 2023

Report Finds Health Care Spending Expected to Exceed Overall Economic Growth

A recent report from the Centers for Medicare and Medicaid Services (CMS) predicted that the average growth in national health expenditures would outpace average gross domestic product (GDP) growth from 2022 to 2031, at 5.4% and 4.6%, respectively. Per person spending is also expected to increase to an annual rate of 4.8% from 2022 to...

October 26, 2023

Fall Protection Tops List of OSHA Citations for 2023

For the 13th consecutive year, lack of fall protection topped the U.S. Occupational Safety and Health Administration’s preliminary top 10 most frequently cited workplace safety violations for fiscal year 2023. OSHA tallied 7,271 violations of its general fall protection requirements, according to the list released Tuesday at the National Safety Council’s Safety Congress & Expo....

October 24, 2023

Understanding Protective Safeguards Endorsements (PSEs)

When it comes to property insurance, it’s not just about securing a policy; it’s about fully understanding its nuances to ensure you have the highest level of protection for all your assets. In some cases, misunderstanding the details of your property coverage can mean the difference between safeguarding your investments and costly oversights. One often...

October 23, 2023

Report Shows Top Priorities and Challenges for 2024 Open Enrollment

New research from digital media company Arizent revealed employee benefits leaders’ biggest challenges and strategies for increasing benefits utilization. These findings can help shape employers’ 2024 open enrollment plans. While employers already invest significant time and resources researching and designing their benefits plans, many feel like there is still work to be done to ensure...