Heightened claim frequency and severity have created a volatile cyber insurance market in recent years, with most policyholders facing ongoing premium increases. Fortunately, the segment experienced underwriting profitability in 2022, allowing conditions to soften in 2023. Yet, many insureds are still experiencing coverage restrictions, underwriting...
Trees can be valuable additions to any property; however, each year, fallen trees and branches cause millions of dollars in property damage. It is crucial to proactively recognize signs a tree may be at risk of falling to help prevent dangerous and costly accidents. If a...
Promoting a long-term care facility requires a strategic approach that highlights the unique benefits, quality of care, and the compassionate environment you provide. Here are some effective tips to help you market your facility successfully: Showcase Quality Care and Services Highlight the quality of care...
Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability. Industry experts...
Authors: Bruce Wilson and Scott Franzen The first cybersecurity policy was written in 1997. Then, about 10 years ago, the policies started gaining in popularity and became standard coverage in any risk transfer program. You don’t need to do too much research to find out why...
In the healthcare environment, particularly in nursing homes, the incidence of violence against nurses by patients is a growing concern. This issue not only affects the safety and well-being of the nurses but also impacts the quality of care that patients receive. Understanding the nature...
Commercial General Liability (CGL) insurance is a type of policy designed to protect your business from financial loss due to lawsuits and other claims arising from your operations. Here’s a closer look at its coverage and how it relates to third-party bodily injury: Coverage Overview:...
In recent years, the health care industry has been navigating a landscape fraught with volatility. Shifting market demands, supply chain struggles and medical inflation issues have driven many key challenges. In 2024, several additional trends could impact the health care sector. These include labor shortages propelled...
On Saturday, March 30, 2024, telecommunications giant AT&T released a statement saying current and former customer data was exposed on the dark web.AT&T account numbers, Social Security numbers, email addresses, names, phone numbers and birth dates may all have been among the compromised data.“Based on...