Industry Roundup: What Actions Can Employers Take if Staff Avoid Covid-19 Vaccines?; Civilian Space Tourism: There’s Coverage for That; Hurricane Ida: Estimated Insured Losses Revealed

​Newer Contractors, Laborers Account for Most WC ClaimsBuilding and construction firms that have been in business for four years or less account for three-quarters of workers' comp claims in the contractor sector, according to AmTrust Financial.Flood Risk Drivers: Rising Sea Levels, Extreme Weather & The MoonBy the mid-2030s, every U.S. coastal region will experience rapidly increasing high-tide floods, or so-called sunny day floods, according to the National Aeronautics and Space Administration (NASA), which explains a lunar cycle will exacerbate rising tides and usher in a decade of increasing flood risks in the U.S.The Rise of Insurtech Does Not Mean The Fall Of Insurance AgentsAgents must…

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Industry Roundup: ​Retail And Hospitality Sectors Face Rising Terrorist Threats; Pandemic Staffing Crunch Creates Commercial Insurance Hurdles; Insured Losses for First-Half 2021 Natural Disasters Total $42B

​Retail And Hospitality Sectors Face Rising Terrorist ThreatsThe retail and hospitality sector has been a major target for terrorist actors for several years. As the COVID-19 vaccination process progresses, more businesses will reopen fully, which means a busy retail and hospitality sector.Pandemic Staffing Crunch Creates Commercial Insurance HurdlesAccording to former U.S. Bureau of Labor Statistics Commissioner Erica Groshen, the current environment is less a labor shortage than a structural change in our economy. The pandemic has accelerated key sectors and simultaneously shifted the labor market. E-commerce and telemedicine, for example, took giant leaps forward, while other segments rapidly receded.Things to Consider When Placing Coverage Through…

Continue ReadingIndustry Roundup: ​Retail And Hospitality Sectors Face Rising Terrorist Threats; Pandemic Staffing Crunch Creates Commercial Insurance Hurdles; Insured Losses for First-Half 2021 Natural Disasters Total $42B

Industry Roundup: Return-to-Work Plans; OSHA COVID-19 Updates; FEMA Overhauls NFIP

Making Return-to-Work Plans Amid the Latest Pandemic SurgeRecent spikes in COVID-19 and lagging vaccination rates in some areas have raised concerns about how to proceed as many companies work to transition employees back to the office or hybrid arrangements this fall.Brokers, Agents Break All-Time Growth Records, Commercial Lines Driving their SuccessIndependent agents and brokers posted their highest organic growth rate in the 13-year history of Reagan Consulting's Growth & Profitability Survey (GPS) in the second quarter (Q2) of 2021. Buoyed by the hard market and rebounding economy, they grew by 7.1%, surpassing their previous high of 6.9% organic growth in Q2 2013.OSHA Updates Guidance for…

Continue ReadingIndustry Roundup: Return-to-Work Plans; OSHA COVID-19 Updates; FEMA Overhauls NFIP