Cyber insurance had record rate increases in 2021 and there are no signs of slowing down during 2022. The types of attacks and vulnerabilities are changing quickly as bad actors are constantly testing and exploiting newfound weakness in corporate cyber defenses. The size and scope of ransom demands continues to increase exponentially. Whitepaper: Corporate Safety … Continued
At the end of 2021, OSHA revealed the top 10 most frequently cited standards during the 2021 NCS Safety Congress & Expo. The findings should come as no surprise for those involved in the management of safety and health programs in the workplace. These findings reflect the need to improve workplace health and safety conditions … Continued
Like 2020, the year 2021 was tumultuous for many reasons. Developments in cyber security and the market for cyber liability insurance were no different. In response to these conditions, significant changes to available coverage for cyber liability insurance may lie ahead. Several carriers have already submitted new forms and rates for 2022. Other carriers may … Continued
Eight-figure and beyond damages continue to be paid out to plaintiffs as a result of lawsuits related to trucking accidents on US roads. The increase in the awards continues a trend which has produced record settlements over the last four years. As trucking companies face tighter insurance markets costly litigation will continue to play a … Continued
In a post-SolarWinds world, what do you need to know now about your application for cyber liability insurance? Throughout December 2020, the cyberattack of the major tech firm, SolarWinds, came to light. As the situation unfolded, we learned more about the extent of that attack and the other organizations potentially affected—FireEye, Microsoft, the Department of … Continued
The news recently broke that the vessel, the Ever Given, blocking the Suez Canal for nearly a week has been freed and that the canal should be open again soon. This raises important questions for blue water and brown water insurance claims. When determining what the proper limits should be to insure our marine exposures … Continued
Since employees’ homes now double as office space in numbers never before seen, employers must grapple with how their Workers’ Compensation insurance may be impacted should an employee suffer an injury while working at home. Some of the most frequent remote work accidents involve slips, trips, and falls. Trips over electrical cords are some of … Continued
The novel coronavirus (COVID-19) has and continues to impact different industries in different ways. Perhaps the most significant is the healthcare sector. Within the sector, nursing homes, assisted living facilities, and other congregate care communities have experienced their own epicenters of COVID-19 developments. These entities have their own set of risks and issues related to … Continued
On April 1, 2020 the PCRB will be implementing revisions to Basic Manual Rule V- Premium Basis. The most impactful of these changes involves the treatment of prevailing wage fringe benefits paid directly to employees. Below is an explanation of fringe benefits and an overview of how this change will impact policyholders. Prevailing wage fringe … Continued
You may have employees who are requesting a response plan or related information if he, she, or a colleague is exposed to the Coronavirus (COVID-19). What are the best practices? What steps should you take to further limit exposure? The following article contains considerations and a sample response plan to address these issues. Read White … Continued
