Articles
The influence of third-party lawsuit funding on liability insurance
Monday, November 18, 2024
Third-party litigation funding has transformed the legal and insurance landscapes, allowing plaintiffs to pursue cases without bearing upfront costs by transferring financial risks to outside investors.
Risk in Focus :: Hospitality Q4 2024
Tuesday, November 12, 2024
The CDC estimates 9 out of 10 Legionnaires’ disease outbreaks could be prevented with effective water management. Yet Legionnaires’ is still a significant threat to the hospitality industry with 84,000 cases reported since 2000. Learn the steps to prevent its growth and spread.
Risk in Focus :: Hospitality Q4 2024
Wednesday, October 23, 2024
With customer service at the heart of the hospitality industry, toxicity is the last ingredient that should be tolerated. When staff face harassment from guests, co-workers, or management, culture and reputations can quickly spoil.
Risk in Focus :: Hospitality Q4 2024
Tuesday, October 15, 2024
Human trafficking is a global crisis that affects all types of hotels, from luxury resorts to roadside motels. Implementing strong policies can deter traffickers and prevent costly lawsuits. Discover essential strategies in our latest report.
Markets in Focus :: General Q3 2024
Tuesday, October 1, 2024
Despite persistent volatility, insurance markets are finally stabilizing. Average premiums are up but in most sectors the increases are less than ten-percent. And, carriers are finding that creative underwriting practices are helping to expand coverage for property and casualty markets. Explore how evolving trends and insurance shifts may impact your business in our latest Markets in Focus.
Finance leaders and insurance brokers: A strategic partnership for risk management
Tuesday, October 1, 2024
Finance leaders are responsible for safeguarding their organization’s financial well-being, which involves assessing risks and guiding strategic decisions. Partnering with an insurance broker can enhance this process by providing expertise, tailored insurance solutions, and risk mitigation strategies. Learn more about how this partnership can fortify your organization’s risk management in a Puget Sound Business Journal article by Parker, Smith & Feek Account Executive Jessica Rice, featuring insights from Puget Sound finance leaders.
Markets in Focus :: Construction Q3 2024
Thursday, September 26, 2024
The construction industry is proving its resiliency to thrive during challenging economic conditions. The diversity in business sectors has provided a boost in industry spend despite the decline in project starts. While the construction industry rebounds in 2024, indications show an undercurrent of slowing growth in the near-term across the industry even with lowered interest rates. Understanding the industry trends and how they will affect individual sectors along with the insurance implications will be a prudent way to navigate the next year.
Markets in Focus :: Hospitality Q3 2024
Wednesday, September 25, 2024
The hospitality industry is undergoing significant transformations to meet modern customer demands, and these changes are influencing the insurance landscape in critical ways. From experiential atmospheres and technological efficiency to a growing focus on environmental responsibility, businesses in this sector must stay ahead of the curve.
Markets in Focus :: Real Estate Q3 2024
Friday, August 23, 2024
In 2024, NOAA reported significant climate anomalies, impacting the property and casualty insurance landscape. Despite these challenges and rising interest rates, building activities continue, with developers reassessing projects. The housing shortage persists, and commercial real estate shows cautious optimism, with strong performance in multifamily, industrial, and retail sectors.
HIPAA Privacy Rule to Support Reproductive Health Care
Thursday, August 15, 2024
Deemed necessary by the Department of Health and Human Services (HHS) following the U.S. Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization and its aftermath of state-level abortion laws, HHS has issued a HIPAA Privacy Rule to Support Reproductive Health Care Privacy (the “2024 Privacy Rule”). The 2024 Privacy Rule amends the HIPAA […]
Markets in Focus :: Cannabis Q3 2024
Tuesday, August 6, 2024
Our comprehensive overview of the cannabis industry highlights its growth potential and the complex regulatory landscape businesses must navigate. Key challenges faced by cannabis enterprises are examined, along with detailed insights into various insurance market segments including Property, Casualty, Workers’ Compensation, Auto, and Executive Risk.
Risk in Focus :: Hospitality Q3 2024
Tuesday, July 23, 2024
States like South Carolina have enforced a law mandating all alcohol-serving establishments to carry $1 million in liability coverage if they operate after 5pm. The state’s insurance department has flagged the liquor liability insurance market as “extremely unprofitable,” with significant underwriting losses. The frequency and severity of drunk driving lawsuits have spiked, leading to higher insurance costs. Our latest report covers the risks associated with liquor liability and the preventive measures that can protect your business.
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