2022 Commercial Auto Insurance Market Outlook
Over the past decade, the commercial auto space has been largely unprofitable for insurance carriers. According to a recent report from AM Best, commercial auto underwriters saw more than $22 billion in underwriting losses between 2011 and 2020, despite underwriters increasing premium pricing for 41 consecutive quarters. Various factors have led to this poor underwriting…
How to Identify a Hazardous Material for Transport
While certain items can be transported via simple methods, hazardous materials require significantly more care. Certain substances may require a specific shipping method. The U.S. Department of Transportation’s Hazardous Materials Regulations (HRM) specify how hazardous materials should be transported within state lines, from state-to-state and overseas. These regulations help minimize potential catastrophes for those handling…
Businesses More at Risk for Ransomware During Holiday Season
According to Darktrace, an information technology company specializing in cybersecurity, ransomware attacks have increased by almost one-third during the past three holiday seasons, compared to the monthly average. As 2021 has been a record year for malware attacks, Darktrace predicts ransomware will surge even more. Learn how your businesses can prepare a defense against cybercriminals….
Conflict De-Escalation Tactics During COVID-19 Restrictions
As the COVID-19 pandemic continues to evolve and more businesses are reopening, masks and other restrictions may still be enforced. The employees are often in charge of enforcing such mandates which, unfortunately, is not always easy. While certain individuals will comply, others may fight back, resulting in a verbal or physical confrontation. Consider these conflict…
Top Risks for Cannabis Businesses
In 2020, legal cannabis sales generated an estimated $15 billion in the US. Total revenue is expected to double by 2024, as more states legalize recreational marijuana and demand grows. Connecticut became the 19th state to legalize cannabis in June 2021. People over the age of 21 have been able to legally purchase and carry…
