Yearly Archives: <span>2021</span>

Climate Modeling Confirms Historical Records Showing Rise in Hurricane Activity

New results show North Atlantic hurricanes have increased in frequency over the last 150 years Jennifer Chu | MIT News Office When forecasting how storms may change in the future, it helps to know something about their past. Judging from …

Why Millions Have Left Workforce During Pandemic

Approximately five million people in the U.S. are unemployed or have left the workforce since the pandemic began, and it is difficult to predict whether their decision was short term or permanent. According to S&P Global, even as extended unemployment …

Where Employers Stand on Vaccines, ‘New Normal’ Workplace, Remote Work, Travel

Although more than half (57%) of U.S. employers say they require or plan to require COVID-19 vaccinations of employees, much of that support depends on whether courts approve the Biden Administration’s emergency workplace safety rule requiring vaccinations or weekly testing, …

What’s on Hiring Managers’ Minds as We Enter 2022?

The past two years have been steeped in turbulence, testing the agility of both employees and organizational leaders. From changes in work environments to swings in the labor market and ongoing reshuffling, the industry has evolved to adopt new norms. …

Program Business

Welcome to the second edition of Insurance Journal’s 2021 Program Directory issue, published twice a year for agents and broker searching for available insurance markets and programs. Program business is an area of the insurance industry that has experienced significant …

Ho Ho Homeowners Questions

A consumer contacted me via email with an interesting coverage inquiry: “Two questions, please: “I have an in-home ‘business’ involving the manufacturing and distribution of toys for children. I do not charge for these toys and earn no income from …

Lessons from Ransomware Payments by CNA, JBS and Colonial Pipeline

In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by raising the ransom demand, claiming the data …

Inflation, Loss Severity May Curb Nonstandard Auto Market’s Positive Momentum

Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive market trends, AM Best reports. Also, smaller players in …

Future of Surety: Why the Industry Needs Knowledge Transfer and Education Now

Surety requires a highly complex and specialized form of underwriting. It is also an excellent career path for those who thrive on complex challenges, have a genuine interest in buildings and infrastructure, and enjoy playing a role in getting things …

5 Tips to Help Retain Talent During ‘The Great Resignation’

The talent war is about to get fiercer thanks to “The Great Resignation.” Millions of U.S. workers have quit their jobs, and research shows that nearly half of employees are actively looking to make a change. Companies were already fighting …