The general liability insurance segment has steadily underperformed over the past few years, generating minimal underwriting profitability due to rising claim frequency and severity. In response, insurance carriers have reduced coverage capacity, deployed stricter underwriting standards, and implemented ongoing rate increases. However, carriers experienced slightly improved market results in 2022, paving the way for rate...Read More

On Thursday, July 21, Amazon reached a deal to acquire One Medical, a network of boutique primary care clinics, for $3.9 billion. This is another substantial step in the e-commerce giant’s plans to become a player in the health care industry. Through this deal, Amazon hopes to improve how people book appointments and enhance the...Read More

President Joe Biden recently signed an executive order aimed at protecting access to reproductive health care services. This order is in response to the U.S. Supreme Court’s ruling in Dobbs v. Jackson Women’s Health Organization and directs federal agencies to take steps to protect abortion and reproductive health services. The executive order appears to safeguard...Read More

The Bureau of Labor Statistics (BLS) recently announced that the U.S. consumer price index (CPI) rose by 8.3% over last year (between April 2021 and April 2022), coming down from an 8.5% increase in March. However, economic experts previously predicted the CPI to increase by 8.1% over the past year. This discrepancy suggests that the...Read More

For 2022, Colorado State University (CSU) hurricane researchers are predicting yet another above-average Atlantic hurricane season, which runs from June 1 to Nov. 30.Read More

The U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) enforces federal minimum wage, overtime pay, recordkeeping and child labor requirements of the Fair Labor Standards Act (FLSA). The WHD also enforces the Migrant and Seasonal Agricultural Worker Protection Act, the Employee Polygraph Protection Act, the Family and Medical Leave Act (FMLA), wage garnishment...Read More

Not only is workers’ compensation coverage required in most states, but it also plays a major role in connecting injured employees to the care they need to return to work as quickly and safely as possible. That’s why it’s crucial for your organization to develop an effective workers’ compensation program. To ensure a successful program,...Read More

The European Union’s (EU) upcoming General Data Protection Regulation (GDPR) came into force on May 25, 2018, and requires U.S. businesses to protect EU citizens’ personal data. Even if you don’t think you’re at risk, seemingly innocent data such as online addresses from EU users could expose you to severe fines.Read More

Industry experts annually examine what outside influences and trends have the greatest impact on the market. This information is important, as it outlines key risks for both insurers and organizations to watch as the year progresses.Read More