Articles
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.
No Auto Pilot as Autonomous Ships Tackle Liability, Legal and Operational Challenges
Thursday, July 18, 2024
Autonomous cars and flying drones have paved the way for a new era in transportation, and now, the maritime world is on the cusp of its own transformation.
Medicare Part D Changes: Impact to Group Health Plans
Friday, July 12, 2024
There are changes coming to Medicare Part D in January 2025 that may affect your company’s health plan. Some high-deductible health plans (HDHPs) that used to work with Medicare Part D may no longer qualify. Here’s what employers should know.
Navigating the Risks of Non-Payment with Trade Credit Insurance
Thursday, June 27, 2024
The prospect of customers failing to pay their accounts receivable debt is a looming risk for businesses in all industries, especially in the uncertainty of today’s economic landscape.
Markets in Focus :: General Q2 2024
Tuesday, June 25, 2024
The U.S. experienced a record number of costly disasters in 2023, resulting in $92.9 billion in damages. With predictions of an active Atlantic hurricane season in 2024, the urgency for robust risk management and sustainable development is more pronounced than ever.
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