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Insurance News

Commercial Property Insurance: Navigating a Tough Market

While Commercial Property Insurance remains a tough market characterized by unfavorable rates, stringent underwriting, and limited capacity, the good news is that organizations can adopt strategies to enhance their marketability. More encouraging still, relief is emerging on the horizon. Business Insurance reported in a recent article, “Commercial property insurance rate hikes come…

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Managing Employee Health Benefits: The Advantages of Self-Funding

As employee healthcare costs continue their relentless upward march, businesses today face intense pressure to balance attracting top talent through employee health benefits with managing spiraling medical insurance expenses. Employer-sponsored health benefits have become a pivotal component in recruiting and retaining workers in a competitive labor market. However, rising premiums…

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Builders’ Risk Insurance: A Key Part of Construction Risk Management

If you’re embarking on a construction project, there are two ways you can view Builders Risk Insurance: as an unfortunate necessity or as invaluable protection against the many risks inherent to construction. Which view you adopt is a major factor in whether your business succeeds or fails.  Construction companies are…

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Professional Liability Insurance: Improved Market for Critical Coverage

If your career involves providing professional services or counsel, Professional Liability Insurance, also known as professional indemnity insurance, is crucial for safeguarding your assets and reputation against allegations of negligence or mistakes. This coverage, which transfers the professional liability from you to the insurance carrier, is known by various names,…

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Beyond Open Enrollment: Navigating Employee Benefits in the Long Run

Implementing your organization’s employee benefits program is like leading a marathon team.  First, you prepare through regular training sessions, aided by internal communications in the weeks and months leading up to Open Enrollment. Next comes the grind of Open Enrollment itself — the equivalent of a marathoner’s high-mileage training runs….

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Manufacturers Insurance: Trends in Cyber Liability and Property Coverage

In a chaotic time filled with environmental instability, global supply chain issues, and perpetual labor shortages, there’s one industry that insurance companies still largely trust: manufacturing. As a result of the industry’s inherent stability, manufacturing is doing well in today’s property and casualty (P&C) insurance marketplace — for the most…

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A photo of Justin Foa in front of a black & white photo of a NYC building.

Uncertainty Fuels Insurance Rate Hikes and Underwriting Scrutiny

Third annual study from Alera Group predicts 2023 Property and Casualty market conditions A new study forecasting 2023 market conditions in the Property and Casualty Insurance industry reveals that uncertainty related to the economy, inflation, catastrophes and court-related claims is contributing to tighter underwriting guidelines and widely varying price increases….

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A photo of architects working on a set of blueprints.

Contractor/Subcontractor Uncertainty? The Solution Is Surety.

If your contracting or subcontracting business has not only survived but thrived during the three years of the COVID-19 pandemic, Surety bonds probably are not a top-of-mind concern for you — at least when it comes to private construction projects. But if you’ve struggled with payment, cash-flow or employment issues…

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