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On Monday, April 8, 2024, a solar eclipse will be visible across a large part of the United States, from Texas to Maine. Leading up to and immediately following the eclipse, state officials anticipate record numbers of people flocking to the path of totality (i.e., where the eclipse will be most apparent). Approximately 180 million...
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The National Oceanic and Atmospheric Administration (NOAA) recently announced that the United States has already seen a record number of billion-dollar weather and climate disasters in 2023. The 23 events mark the most disasters of that magnitude on record for a calendar year. The previous record was set in 2020, which saw 22 billion-dollar weather...
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Recent market developments have demonstrated signs of an improving commercial insurance landscape. Yet, industry experts asserted that ongoing headwinds facing certain lines of coverage will continue to generate hardened conditions overall, therefore driving up premiums. As such, it’s essential for businesses to be aware of the following market trends and how they may impact coverage...
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Risk management is an essential part of owning and operating a small business. Comprehensive plans can improve the safety of business operations and reduce the risk of loss. How to Manage Business Risks A vital aspect of running a small business involves managing its associated risks, as no operations are immune to internal or external...
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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...
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Just a single inch of water from flooding can cause costly damage to your home. Here’s what you need to know about insuring against damages caused by flooding. What Protection Does it Offer? A standard homeowners policy does not cover damages from flooding. A separate flood policy is needed to cover losses to your property...
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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...
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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...
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