News
U.S. House Votes to Repeal Labor Board Rule on Contract, Franchise Workers
The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and ...
Commercial Property Rates Not Expected to Increase at Same Pace as 2023: USI
A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates "are expected to increase, but not at the same pace as seen in 2023." "Our forecast calls for 5-15 ...
Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24
Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, but improved from 2023, a report by Swiss Re ...
Cyber Threat Top Global Business Risk Concern for 2024
A new report indicates cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk ...
Workplace Diversity Opponents Challenge Policies Using 1866 Civil Rights Law
Opponents of workplace diversity programs are increasingly banking on a section of the Civil Rights Act of 1866 to challenge equity policies as well as funding to minority-owned businesses. Section ...
Leaders Who Prioritize Psychological Safety Can Reduce Attrition Risk
Leaders can reduce talent attrition risk by creating a workplace where employees feel safe to speak up and take risks without fear of being blamed or criticized, says a new report from Boston ...
Underwriters Predict Continued Growth of Cyber Risks in 2024
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer's annual survey of cyber insurance carriers found ...
Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...