
Articles
Markets in Focus :: Cyber Q2 2024
Tuesday, May 21, 2024
The cyber insurance market remains stable, with ample capacity and favorable reinsurance renewals in January. The cyber risk landscape is shifting from ransomware to privacy events and litigation. Class action lawsuits alleging improper collection and sharing of personal information have increased, particularly in the healthcare sector. Insurers are closely monitoring these developments as the number of losses could impact their profitability. Some insurers are using exclusions related to data collection to avoid covering settlements and defense costs.
Markets in Focus :: Education Q2 2024
Friday, May 10, 2024
Private schools, colleges, and universities are encountering growing discrimination-related requirements in admissions, athletics, diversity, and student care. Failure to comply can harm reputation and result in legal liabilities. Title IX mandates ensure equitable funding, equipment, and facilities for men’s and women’s sports programs. New regulations may extend protections for transgender student participation. Compliance is crucial for institutions receiving federal funds. Non-compliance with discrimination mandates can lead to fines, loss of federal funds, and legal consequences.
Markets in Focus :: Real Estate Q2 2024
Tuesday, May 7, 2024
Dynamic shifts are shaping the hospitality industry, from the surge in consumer preferences to innovative strategies driving resilience in the restaurant and hotel sectors. Learn more about how these trends are impacting insurance considerations in our latest Markets in Focus.
Managing Risk in Construction-Led Design-Build Projects
Monday, May 6, 2024
The design-build construction project method is praised for its potential to enhance efficiency and reduce costs. Nonetheless, challenges arise from contractual risks inherent in this approach, as well as the uneven distribution of liabilities among contractors and designers. Dive deeper into understanding the design-build method and discover crucial strategies for mitigating its associated risks in a Puget Sound Business Journal article from Parker, Smith & Feek Account Executive David Goldsmith.
Markets in Focus :: Healthcare Q2 2024
Wednesday, May 1, 2024
Dynamic shifts are shaping the hospitality industry, from the surge in consumer preferences to innovative strategies driving resilience in the restaurant and hotel sectors. Learn more about how these trends are impacting insurance considerations in our latest Markets in Focus.
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