Industry Roundup: ​What’s Happening with P&C Rates in the US?; Personal Cyber Insurance Market to Spark Interest; In a World Where Everything is Connected, Insurance is Catching Up

​​What's Happening with P&C Rates in the US?Property and casualty rates were up in the fourth quarter of 2021, according to a report from insurance distribution and underwriting company MarketScout.Personal Cyber Insurance Market to Spark InterestThe personal cyber insurance market is poised for explosive growth in 2022 as people begin to realize and understand the risks associated with today's digital-first, technology-driven lifestyle.In a World Where Everything is Connected, Insurance is Catching UpThe world of insurance has been one colored by the “necessary evils" of long waits, policies for “everyone", and demographic-reliant underwriting processes. Innovators in this space are contending for an upgrade, and new technology…

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Industry Roundup: Stay Lifted on Federal Shot-or-Test Mandate for Large Employers; Trends That are Reshaping the Insurance Market; Cyber Disruptions of Infrastructure Networks Can Cost Millions in a Day

Trends That are Reshaping the Insurance MarketIt's no secret that advances in technology have pushed those in the insurance industry to make major changes and a recent 2022 analysis explores four major trends insurers may see as we enter the new year.Berkshire's Candymaker Must Face Worker's Suit Over Husband's COVID DeathA California candymaker must face a lawsuit by an employee who says she caught COVID-19 at work and gave it to her husband, resulting in his death, a state appeals court held on Tuesday, upholding what appeared to be the first ruling allowing a worker's lawsuit against an employer over a family member's COVID death.Tornadoes…

Continue ReadingIndustry Roundup: Stay Lifted on Federal Shot-or-Test Mandate for Large Employers; Trends That are Reshaping the Insurance Market; Cyber Disruptions of Infrastructure Networks Can Cost Millions in a Day

Would You Like to Help Agents Affected by the Tornado?

​Contribute to Kentucky Agents FoundationHelp fellow agents in Western Kentucky by contributing to areas of need during this difficult time. 100% of these tax-deductible funds will be allocated to instant relief for the services and needs in Western Kentucky (tax ID number is: 30-0553110).Donate to the Trusted Choice Disaster Relief FundAlternatively, you may make a donation to the Trusted Choice Disaster Relief Fund, which is also supporting agents in need.Source

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