Insuring Valuables
Your valuables are important to you—and insuring them is equally important to prevent serious loss in the event of damage or theft. Learn more about how you can protect the finer things in life with additional coverage. The Basics Standard homeowners, condominium or renters insurance policies include a limited amount of coverage for jewelry and…
2022 Workers’ Compensation Insurance Market Outlook
Unlike other lines of coverage, the market for workers’ compensation insurance has remained stable across most states and industries, performing as an outlier by producing profitable underwriting results. According to the National Council on Compensation Insurance (NCCI), the private carrier combined ratio for workers’ compensation in 2020 carriers was 87, up from 85 in 2019,…
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….
