2023 EPL Insurance Midyear Market Outlook

Due to difficult segment conditions, most employment practices liability (EPL) insurance policyholders experienced rate jumps throughout 2022. These rate increases varied based on sector, location, exposures and prior losses. In the first half of 2023, modest rate hikes have become the norm, with premium pricing rising by between 3% and 7% during the first quarter…

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July Is Vehicle Theft Prevention Month

Vehicle theft has soared in the United States in recent years. In 2022, vehicle thefts surpassed 1,000,000 – a 25% increase from previous years. This equates to roughly one vehicle stolen every 32 seconds in the United States. To help drivers keep their vehicles safe, the U.S. Department of Transportation’s National Highway Traffic Safety Administration…

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How Businesses Should Respond After a Data Breach

After a data breach, businesses may put more resources into a third-party monitoring service or build a dedicated cybersecurity team. Once the issue has been identified and resolved, it’s time to address customers whose data may have been exposed. On average, companies around the globe take over 140 days to identify a data breach. In…

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4 Risks of Renting to Pet Owners

Although it’s common to see apartment listings with a “No Pets!” disclaimer, 72 percent of renters have one. For dog and cat owners, such restrictions can limit available living options.  Yet for landlords and property owners, accommodating pets can be a complicated decision. You may rent a unit to someone who routinely cleans up after…

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Financial Fraud Schemes Targeting Consumers & Small Businesses

Today, there is no shortage of financial scams. From traditional schemes to the exploitation of new technologies, consumers and business owners have to stay vigilant. If you fall victim to fraud, you could lose more than your hard-earned savings. In many cases, criminals have access to your banking information and key personal details, which opens…

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