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Commercial Risk

How to Make a Soft Landing in a Hard Insurance Market

The commercial property insurance market has hardened. The good news is insurance buyers and their brokers can still take action to help ensure they receive adequate coverage and the best rates, terms, and conditions at renewal. What does it mean for an insurance line to “harden”? It means carriers have a lower appetite for risk,…
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2023 Workers’ Compensation Trends to Watch

The workers’ compensation segment has been profitable for eight consecutive years, with the combined ratio falling under 100 every year since 2014. However, the ratio bottomed out at 79 in 2016 and has been slowly increasing ever since. Despite this trend, industry experts predict that the market’s past profitability will still allow for some stability…
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Can AI Create Employment Practice Liability Exposures?

AI systems can help companies’ advertise open positions, analyze resumes, test applicants, and identify top-performing employees for promotions. According to industry data, over one-third (35%) of businesses utilize AI systems. While these systems offer various benefits, such technology may also pose employment practices liability (EPLI) exposures. Specifically, AI systems, although intended to provide impartial results,…
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What Does 2023 Have in Store for Directors & Officers Insurance?

The years prior to 2022 were tough for the directors and officers (D&O) liability insurance segment, which were characterized by double-digit rate increases and lowered capacity. Market conditions in 2022, however, proved more favorable than the years prior. While conditions proved more favorable, the benefits were largely determined by what type of company you operate:…
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Property Insurance: Preparing Your Renewal

The 2022 catastrophe season is poised to deal a far-reaching blow to a shaky property insurance market already facing multiple pressures. With rising inflation and possible recession, insureds and their brokers will need to get even more strategic to navigate renewals. The 2023 insurance renewal season already upon us, so we thought it would be…
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Two Ways Manufacturing Insurance Rates are Affected by the Environment

Environmental changes due to climate change are reshaping the world as we know it. In fact, the overwhelming majority of experts agree that climate change is to blame for the uptick in extreme and unpredictable weather events. This, in turn, has lowered carriers appetite for risk. It has also led to increasing scrutiny in the…
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COVID-19 and Workers’ Compensation Claims

Understand the impact of COVID-19 on workers’ compensation claims and how to navigate the related risks.

Top Pool Safety Tips to Help Maximize Your Summer Fun

Summer is prime pool time, which means now is a good time to prepare your pool or facility for maximum enjoyment and safety for all. After all, public pool and hot tub operators can be held responsible for incidents if it’s found a safe environment wasn’t provided to guests. Fortunately, we’ve gone ahead and compiled…
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