• 2022 Midyear Market Outlook: Cyber Insurance
    The past year has seen a rapidly hardening cyber insurance market as cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a rise in cyber insurance claims and subsequent underwriting losses. Amid these market conditions, most policyholders experienced higher cyber insurance rates at their 2022 renewals, with many insureds seeing double-digit rate increases. In fact, industry data shows that rates rose by as much as 50%- […]
  • 2022 Midyear Market Outlook: Commercial Property Insurance
    The commercial property insurance market has hardened in recent years, with consistent rate increases since the third quarter of 2017. These rate increases were evident in the beginning of 2022, with first-quarter rates rising by an average of 7.6%, according to industry data. Similar pricing trends occurred in the reinsurance markets during the same period through moderate, single-digit rate increases for most carriers. Yet, it’s important to note that some insureds may have encountered […]
  • OSHA Vaccination and Testing ETS Effective Date Requirements
    On Nov. 4, 2021, OSHA announced a COVID-19 vaccination and testing emergency temporary standard (ETS) to address the danger of COVID-19 infection in the workplace. The ETS affects private sector employers with 100 or more employees.  On Jan. 7, 2022, the U.S. Supreme Court heard an oral argument concerning the validity of the ETS. However, the OSHA vaccine and testing ETS is currently in place and enforceable. As a result, employers are expected to […]
  • New Developments with OSHA Covid-19 Emergency Temporary Standard
    On Nov. 4, 2021, the Occupational Safety and Health Administration (OSHA) announced a federal emergency temporary standard (ETS) to address COVID-19 infection in the workplace. Affected employers will be required to comply with most provisions of the ETS by Dec. 6, 2021, and with its testing requirements by Jan. 4, 2022. Affected employers include private employers with 100 or more employees (firmwide or companywide count).  On Nov. 6, 2021, the 5th Circuit Court of […]
  • OSHA Submits Draft of COVID-19 Vaccine Mandate ETS to the OMB
    Recently, the Occupational Safety and Health Administration (OSHA) announced that it submitted a draft of its emergency temporary standard (ETS) for private employers requiring mandatory COVID-19 testing or vaccination to the Office of Management and Budget (OMB). The ETS will require all businesses with 100 or more employees to ensure their workers are either fully vaccinated or tested for COVID-19 once a week, according to the White House. The rule will also reportedly require […]
  • EEOC Files First COVID-19 ADA Accommodation Lawsuit
    The Equal Employment Opportunity Commission  (EEOC) recently filed a disability discrimination  lawsuit in Georgia federal court. This case represents  the first COVID-19 pandemic-related lawsuit the  EEOC has filed about a remote work request for an  American with Disabilities Act (ADA) accommodation.  According to the suit, a Denmark-based workplace  experience and facility management company with a  U.S. headquarters unlawfully denied its employee’s  reasonable request for an accommodation for her  disability. After requiring employees to work  […]
  • Lessons From the Colonial Pipeline Breach
    Cyber risk is a growing concern for most businesses, with many high profile companies experiencing breaches that leave their companies in a difficult position. This article highlights the Colonial Pipeline breach and offers some preventative measures to help protect a business from cyber attacks.
  • Factors Driving a Hard Insurance Market and How to Respond
    While many insurance buyers have enjoyed a soft market for years, the market is hardening. As a result, business leaders now face tough choices regarding their insurance, making it all the more important for them to understand what to expect in a hardening market and how to respond effectively.