Lowering a high Ex-Mod is often more complicated than just doing one thing. In truth, there are a number of steps you’ll need to take. But there’s one big thing you can do that involves every single person you hire. Do you know what it is? One of the best thing a business can to…
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Let’s be honest: finding the best insurance broker to oversee your risk management isn’t easy. After all, your business is complex. And, a holistic risk management approach is comprised of many moving parts. Nevertheless, selecting the right insurance is crucial to any Commercial Risk Management strategy. It is an investment that protects your organizations’ long-term…
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The coronavirus pandemic brought no shortage of challenges to the economy. In fact, we’re still seeing the aftershocks of this global phenomenon. Because of these challenges, it’s critical that companies have a comprehensive merger and acquisition due diligence process. This process will help you uncover any possible risks that can negatively impact a company’s EBITDA,…
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Cyber attacks cost the world billions every year. And while ransomware attacks are becoming more prevalent, there’s an even more dangerous type of malware that’s becoming more commonplace. It’s called Jackware. Jackware is a type of malware focused on taking over your machines and making them do things you don’t want them to do. In…
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Last year, most Employment Practices Liability Insurance policyholders saw rate increases amid difficult market conditions. Is this trend expected to continue in 2023? In this post, we’ll go over some of the developments and trends to watch and what this year has in store for EPLI. Here are some of the top EPLI developments and…
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For some, retirement seems like a far-off reality. After all, earning enough to retire rarely happens overnight. In order to live out your retirement comfortably, most people will need to think ahead and plan accordingly. But, it’s easy to fall prey to common retirement planning mistakes. There’s one mistake in particular that you definitely want…
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The California insurance market has hardened. The insurance industry has recently limited its ability to secure reinsurance. This reinsurance issue has created underwriting challenges for carriers, causing many insurers to limit their footprint in California. A smaller carrier footprint means private policy holders face fewer options and higher premiums. But that’s not all. Today, in…
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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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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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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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