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Insurance News

A photo of a Justin Foa with a background of the NYC skyline during sunset.

Justin Foa: 2021 Year-in-Review Snapshot

The past year saw an extraordinarily hard insurance market, both nationally and locally.  On the national level, cyber liability, D&O liability, employment practices liability, property risks and excess liability have seen continued hardening.  Many industry watchers had forecasted that some increases would start to slow down in the second half…

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Artwork showing computer monitors displaying cybersecurity graphics.

Cyber Risk in the Manufacturing Industry: What You Need to Know

Cyber security continues to be of critical concern for the manufacturing industry in particular. According to the NTT Global Threat Intelligence Report for 2021, it is the second-most targeted industry, with only financial institutions seeing a higher frequency of cyber attacks. The same report reveals a staggering 300% increase in…

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A graphic entitled 'Typical Lifecycle of your Major Property Loss'

Typical Lifecycle of Your Major Property Loss

If you have experienced a large business property loss, waiting for the insurance claims process to complete can feel like forever. Timelines may differ between insurers or claims, and the process can go faster in some cases than in others. Waiting can be frustrating, but it can be helpful to…

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A photo of a 2021 calendar with the months of October, November, and December circled and entitled 'Fourth Quarter Forecast'.

Commercial Insurance Market: Fourth Quarter Forecast

As many industry watchers have forecasted, the commercial insurance marketplace is now beginning to moderate. What does that mean? In short, smaller rate increases for most insurance—especially compared to the larger increases of the last couple of years. That isn’t to say that nobody is experiencing large increases. In many…

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A graphic entitled 'Michael Lieberman's Food For Thought: Sustainability & Social Responsibility' and that includes a woman shopping in the frozen food section of a store.

Food for Thought: Sustainability & Social Responsibility

In the ninth episode of FOOD FOR THOUGHT, Foa & Son’s Michael Lieberman welcomed seafood industry thought leader and innovator, Richard Stavis for a discussion of sustainability and social responsibility in the seafood industry. “Sustainability used to be just about whether there was going to be enough fish,” Stavis recalled…

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A photo of workers on scaffolding silhouetted by a setting sun.

Producer Profile: Brian Murphy

For Foa & Son V.P. Brian Murphy, knowing that he is helping his clients protect their business is the most rewarding part of the job. His background, which includes hands-on experience as a construction project manager, gives Brian unique insight into his industry specializations: trade credit insurance and construction/commercial real…

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A graphic entitled 'Typical Lifecycle of your Cyber Claim'

Typical Lifecycle of Your Cyber Claim

If you have experienced an incident affecting your systems, or an incident with IT service providers and other vendors affecting your operations, waiting for the insurance claims process to complete can feel like forever. Timelines may differ between insurers or claims, and the process can go faster in some cases…

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A graphic entitled 'Typical Lifecycle of your Property Claim'

Typical Lifecycle of a Property Claim

If your moderate to medium-sized business has sustained a property loss, waiting for the insurance claims process to complete can feel like forever. Timelines may differ between insurers or claims, and the process can go faster in some cases than in others. Waiting can be frustrating, but it can be…

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A graphic displaying cargo containers and entitled 'Michael Lieberman's Food for Thought: FDA Traceability'

Food for Thought: FDA Traceability with Dana Bartholomew

“It’s not your supplier’s responsibility,” said Dana Bartholomew of Legit Fish during a recent episode of FOOD FOR THOUGHT. “Everybody in the supply chain has to take ownership of how they’re handling the product,” he continued. “How are they bringing solutions to the customer? This is a wave. It’s a…

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