insurance
May 28, 2025
Severe Convective Storm Losses for 2025 Already Exceed $20 Billion
Insured losses from the severe convective storms (SCS) that occurred between May 14–17, 2025, are estimated to range from $4 billion to $7 billion. According to recent estimates from reinsurance brokers, these storms are likely to rank among the costliest SCS events in U.S. history. “Two large severe weather outbreaks on May 14-17 and May...
May 27, 2025
Business Continuity Planning Benefits
Unexpected disasters can impact organizations, their operations and stakeholders. Natural catastrophes, cyberattacks, public health crises and supply chain incidents can all have serious consequences. These and other events can damage commercial property and digital assets, disrupt critical business functions and cause operational downtime. They can also result in illnesses or injuries, emotional harm, and financial...
May 15, 2025
Workers’ Comp Strong In 2024 But Susceptible to Economic Shocks
The U.S. workers’ compensation market had another strong year, posting a combined ratio of 86% for 2024 for an 11th consecutive year of underwriting profitability, according to the National Council on Compensation Insurance’s (NCCI) annual State of the Line report. “The workers’ compensation system continues an era of exceptional performance with strong results and a...
May 6, 2025
Hurricane Preparedness Week 2025: Protecting Your Commercial Property from Storm-Related Risks
As we observe Hurricane Preparedness Week 2025, it’s a critical time for property managers and commercial real estate stakeholders to reassess their readiness for hurricane season. The increased intensity and unpredictability of recent storms have heightened the urgency to develop comprehensive risk management strategies that safeguard people, property, and profits. The Growing Threat of Hurricanes to...
April 29, 2025
National Safety Stand-down to Prevent Falls in Construction Set for May 5-9, 2025
OSHA and several key partners are teaming up to host a National Safety Stand-down to Prevent Falls in Construction. This event is scheduled for May 5-9, 2025, across the country and aims to raise awareness of fall hazards. Its efforts seek to stop fall fatalities and injuries. What Is a Safety Stand-down? A safety stand-down...
April 24, 2025
Understanding and Mitigating Nonprofit D&O Risks
Nonprofit organizations can benefit their communities in many ways, often providing a range of valuable services and other charitable contributions to people in need. As the leaders of these organizations, board members are responsible for maintaining successful operations and ensuring their nonprofits accomplish key initiatives. While this can be fulfilling work, it also carries some...
March 6, 2025
Report Reveals a Rise in Cargo Theft
A new report released by multinational data analytics company Verisk revealed that a record-setting 3,625 cargo theft incidents occurred across North America in 2024, reaching nearly $455 million in valued losses. This article summarizes key findings from the report and highlights recent cargo theft incidents. Key Findings The Verisk report confirmed that cargo theft frequency...
February 27, 2025
Careers in Insurance Month: Why You Should Consider a Future at CMR
February is Careers in Insurance Month, a time to highlight the opportunities, stability, and growth that the insurance industry offers. Whether you’re a recent graduate, a professional seeking a career change, or simply curious about where your skills can make an impact, there’s never been a better time to explore insurance as a profession. At...
February 25, 2025
2025 Construction Industry Trends
Several trends look to impact the construction industry in 2025. As such, construction business leaders should monitor these developments and adjust their risk management programs accordingly. Trends to watch include: Economic Headwinds While the overall inflation rate has cooled from its recent highs, it continues to influence a range of costs in the construction industry....