Category: Property & Casualty

Storming the Capitol: Insurance’s role in covering invasions past and present

History provides a great opportunity to learn from past mistakes to avoid repeating them today. Consider this semi-fictitious account of another invasion of the Capitol. Benjamin Franklin organized the oldest property insurance company…

Commercial Insurance Prices Hit Highest Average Increase Since 2003

U.S. commercial insurance price increases hit their highest level since 2003 in the fourth quarter of 2020, with the average across all lines up over 10%, according to Willis Towers Watson’s Commercial…

Businesses Struggling in Pandemic Sue Insurers, With Mixed Results

This article is being republished as part of the WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (December 30, 2020). Chef Matthew Kelly is one…

Warning Signs (Leading Indicators) that an Incident or Injury is Coming

In the safety world, you often hear professionals talking about leading indicators for safety, essentially the warning signs that an incident or injury may be about to occur. Some of these safety…

The Future World of Work

The COVID-19 pandemic has spurred many changes in how people work across organizations and industries. Some of these changes (e.g., limited social gatherings, mandatory face coverings) are likely to be temporary. Others,…

‘Extreme’ Cyber Events Impact Organizations Differently – Incident Response Matters

The median loss for “extreme” cyber events is $47 million, with one in four events reaching over $100 million, but new research from Cyentia revealed that organizations can experience very different impacts…

Unemployment and Infectious Disease Worry Global Execs Most, but Climate Risks are on the Rise

Business leaders around the world rate unemployment as the most concerning risk followed by infectious diseases, fiscal crisis and cyberattacks, but climate risks are on the rise, according to a new report…

Winter is Coming. So Is an Increase in Slips and Falls

Year after year, slips, trips, and falls remain the number-one insurance claim for property owners. More than three million people visit the emergency room each year because of falls, according to the…

Brokers Report Largest Average Premium Increases Since 9/11

By Erin Ayers, Advisen A hard market is now in full swing for the property-casualty commercial insurance market, with average price increases across all account sizes and lines of business coming in…

Hourly Threshold Proposed For Gig Workers

As New York lawmakers prepare legislation to regulate the state’s gig economy, one app company has pitched reclassifying workers who put in at least 25 hours a week as full-time employees. Workers…