November 28, 2022 – In recent months, economic inflation has dominated headlines as the global market grapples with supply-chain issues, Russia’s invasion of Ukraine and the rising costs of goods and services. The insurance industry, however, has had its eye on a different type of inflation: social inflation. According to the Insurance Information Institute, social […]
Reinsurers hike rates, exclude Russia and Ukraine: Brokers
(Reuters) — Global insurers face a testing 2023 as reinsurers hike rates on key business lines by as much as 200% from Jan. 1 and pull back from underwriting risk in Russia, Ukraine and Belarus, reinsurance brokers’ reports showed Tuesday. Reinsurers insure insurers, and Jan. 1 is the most important date for reinsurers to renew and adjust pricing […]
Real Estate | Emerging Trends from US & Canada 2023 · Architectural Billings on the Decline
Here are two articles on the economy and real estate that we think may be interesting to the AE&E business we serve. First an excellent and detailed report on trends in the USA and Canada and second an update on backlog from AIA. 2023 is just on the other side of the river and in […]
Legal System | Abuse is Rampant
Current economic times have caused a rise in inflation. Each year the United States records a record number of law suites totaling around 40 Million, making the U.S. the most litigious country in the world. Right now there is a push to secure higher verdicts for claims, therefore driving up the cost of the claim […]
Top 10 Reasons Why Projects Fail
Timothy J. Corbett, BSRM, MSM, CERG, LEED GAFounder & President626email@example.com Top 10 Reasons Why Projects Fail NOTICE: The information in this article should not be construed as legal advice, nor intended to replace legal advice specific for your firm or circumstances. Comments, advice and suggestions are for informational purposes only. SmartRiskRisk Performance StrategiesSmartRisk is a […]
Navigating the Storm: What to do When the Project Hits Rough Water
Designing and constructing a project is much like sailing a boat. You have to go with the ebb and flow of the water and the weather that’s around you. When a storm pops up, the captain and crew have to zig and zag in order to navigate through troubles to get their boat safely to it’s destination.
Reinsurance Price Hikes Likely in 2023
2023 is likely to show a rise in reinsurance renewals prices. And it’s not likely to be met with open arms as you can imagine. Secondary peril losses, geopolitical unrest and uncertainties around capital is looking to be the culprits behind these hikes says Howden Broking Group Ltd.
2018 Hiscox Embezzlement Study™: An Insider’s View of Employee Theft
Employee theft is nothing new. In all industries throughout time there has always been a measurable degree of such activity but now Hiscox has taken this data gathering to a whole new level.
Workers’ Comp Is Doing Great. But That Doesn’t Mean We Can Ignore the Risks Our Line Still Faces
Working from home has changed the employment landscape dramatically and with this trend persisting also comes a new flow in the workforce.
Tips on Avoiding Wire Fraud
Wire fraud has begun to rise in just about every industry. Your average consumer is getting hit multiple times a day and in business, there is no difference.