Management Consultants Insurance GuideAs a management consultant, whether you’re advising on financial issues, staffing, or company hierarchy, your clients value your fresh perspective and problem-solving skills. That is, unless a time comes when they don’t. Though you’re an expert in your field, your well-intended and thoughtful solutions may not be executed as planned, which can […]
Traveler’s Guide: Handling Natural Disasters Abroad
Traveler’s Guide: Handling Natural Disasters AbroadWondering how to prepare for natural disasters? Travel insurance can ensure a safeguarded journey back home, with most costs covered if your trip plans are derailed by an unanticipated natural disaster, should you plan wisely. Insurers define natural disasters as damaging incidents caused by weather or geological forces like tsunamis, […]
Insuring the Uninsurable: How On-Demand Insurance Models are Closing the Coverage Gap
Insuring the Uninsurable: How On-Demand Insurance Models are Closing the Coverage Gap /*! elementor – v3.17.0 – 18-10-2023 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block} Insurance has always been a tricky thing, hasn’t it? For some people and businesses, just trying to get basic coverage feels like an endless struggle. Maybe it’s because […]
The Essential IT Consultants Insurance Guide
The Essential IT Consultants Insurance GuideIT professionals help set up computer systems, monitor digital security, and improve functionalities for a wide variety of clients. They’re also often called when there’s a problem. So, if something goes wrong, IT consultants need to make sure that they have insurance policies in place to keep them protected. That’s […]
Less Severe Wildfire Season Seen; But No Less Vigilance Is Required
Less Severe Wildfire Season Seen; But No Less Vigilance Is Required By Max Dorfman, Research Writer, Triple-I This wildfire season is expected to be less intense than normal, but people in high-risk areas should be aware of and prepared for potential damage, according to Craig Clements, a professor of meteorology and climate science at San […]
Accurately WritingFlood Coverage Hinges on Diverse Data Sources
Accurately WritingFlood Coverage Hinges on Diverse Data Sources Flood risk is not only one of the most destructive perils facing property owners; it is among the most complicated forms of coverage for property/casualty insurers to underwrite. For decades, the private market wouldn’t cover flood risk, which is why the National Flood Insurance Program had to […]
Singapore Amends Cybersecurity Law to Bolster National Security Measures
Singapore Amends Cybersecurity Law to Bolster National Security MeasuresOn 7 May 2024, the Singaporean parliament passed the Cybersecurity Bill expanding the cybersecurity authority’s supervision. The new law allows oversight over any computer system considered critical to national interests and at high risk of cyberattacks. The new law includes temporary systems set up for important operations […]
Embroker Announces New Consultants Insurance Program
Embroker Announces New Consultants Insurance ProgramEmbroker is thrilled to announce the launch of our newest vertical insurance program, designed specifically to meet the unique needs and risks faced by consultants. This comprehensive coverage program is now available on our ONE platform, offering a streamlined and transparent insurance buying experience for consulting professionals. Consultants play a […]
Professional Liability Insurance for Consultants
Professional Liability Insurance for ConsultantsConsultants do a lot of different work for a lot of different industries. However, most consultants do share one thing: They’re their own boss. That’s why, as you’ll see, professional liability insurance for consultants is essential to keeping themselves, and their clients, protected. At the end of the work day, consultants […]
Hard Market Challenges Spur Opportunities for Independent Agents: Study
Hard Market Challenges Spur Opportunities for Independent Agents: StudyThe insurance industry is facing its toughest market conditions in a generation, with rising rates and stricter underwriting creating headaches for agents in the form of difficult renewal conversations and challenges placing new business. The 2024 Agent-Customer Connection Study, conducted by Liberty Mutual and Safeco Insurance, examined […]
Triple-I/Milliman: Personal Lines Dragon Underwriting Profitability Continues
Triple-I/Milliman: Personal Lines Dragon Underwriting Profitability ContinuesBy Max Dorfman, Research Writer, Triple-I The property and casualty insurance industry posted its second consecutive year of underwriting losses, driven primarily by personal lines, according to the latest industry underwriting projections by actuaries at Triple-I and Milliman. The net combined ratio for 2023 was 101.6, according to Insurance Economics […]
IRC: Homeowners Insurance Affordability Worsens Nationally, Varies Widely by State
IRC: Homeowners Insurance Affordability Worsens Nationally, Varies Widely by State By Max Dorfman, Research Writer, Triple-I Average U.S. homeowners insurance premiums have increased at a rate that has outpaced household income from 2001 to 2021, according to a new report by the Insurance Research Council (IRC). In 2021 – the latest year for which data […]