Cyber Insurance – 2022 Midyear Market Outlook

July 26, 2022

The past year has seen a rapidly hardening cyber insurance market as cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a

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S&P Expects Inflation Will Push P&C Combined Ratio Over 100% in 2022

July 19, 2022

In its latest U.S. Property & Casualty Insurance Market Report, S&P Global Market Intelligence predicts inflation will send the property and casualty insurance industry into its first unprofitable year since

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Commercial Property Insurance – 2022 Midyear Market Outlook

July 11, 2022

The commercial property insurance market has hardened in recent years, with consistent rate increases since the third quarter of 2017. These rate increases were evident in the beginning of 2022,

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NHTSA Reports 10.5% Increase in Fatal Traffic Accidents

June 27, 2022

A recent report by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) found an estimated 42,915 fatal traffic accidents in 2021. This is a 10.5% increase from

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Study: Insurers Suspect Rise in Fraudulent Claims Since Start of Pandemic

June 20, 2022

Insurance professionals’ suspicions about fraudulent claims have increased during the pandemic as fraudsters have become more creative, according to a recent survey. The survey by FRISS, a provider of fraud and risk

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Construction Costs Outpacing Property Rate, Limit Increases

June 13, 2022

Property insurers are not raising coverage limits and rates to keep pace with inflating construction costs, according to a Moody’s Investors Service report. Rising costs for construction materials and labor

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Dog-Related Injury Claims Nearly $900 Million in 2021

June 10, 2022

As pet owners return to the workplace or school, pets will be left home alone. Behavioral issues such as separation anxiety could result in aggressive and destructive behavior. This could

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Legal Update: FMCSA Provides Hours of Service Exemption For Baby Formula Shortage

June 6, 2022

The FMCSA declared an emergency declaration granting relief of HOS requirements to those providing direct assistance to the immediate restoration of baby formula supplies. On May 23, 2022, the FMCSA

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Cyberattacks Growing in Frequency, Severity, and Complexity

May 25, 2022

Several recent reports quantify the growing risk and cost of cyber attacks in 2021. Willis Towers Watson PLC, a multinational risk-management, insurance brokerage, and advisory company, and global law firm

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Experts Predict Another Active Hurricane Season in the Atlantic

May 17, 2022

For 2022, Colorado State University (CSU) hurricane researchers are predicting yet another above-average Atlantic hurricane season, which runs from June 1 to Nov. 30. In particular, CSU researchers believe there

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