$6 million: The financial costs of overusing office jargon

[ad_1] Vince Gaffigan, executive vice president and director of risk consulting at Lockton, addressed the increased complexity faced by risk managers today. According to Gaffigan, interconnected global systems in finance, technology, supply chains, and energy, combined with geopolitical shifts and market volatility, have significantly increased the speed at which risks develop. [ad_2] Source link

[ad_1] The rate adjustments will affect approximately 148,000 policyholders. The first increase will take effect on Sept. 1, with the second set to begin on Aug. 31, 2026. Under the terms of the agreement, insurers cannot request another rate increase until Sept. 1, 2027, the insurance department said. [ad_2] Source link

[ad_1] Generally, geopolitical instability from budding trade wars is likely to result in hesitation from insurers. The National Insurance Alliance (NIA), a specialty insurance service provider based in the British Cayman Islands, anticipated that insurers may freeze capital commitments, particularly in inland marine shipping and manufacturing, and postpone major policy decisions until trade policies become…

[ad_1] New rules aim to protect buyers by aligning with SEC and NAIC guidelines [ad_2] Source link

[ad_1] The upstream market, which has seen a 5% growth in capacity, is benefiting from a quiet year for losses. This growth continues to fuel soft market conditions. Insurers are under pressure to expand their market share, which has led to reductions in rates and an increasing willingness among underwriters to take on leadership roles,…

[ad_1] From equipment theft to chemical exposure, the lawn care industry is not without its fair share of risks. Lawn care companies typically face three primary risks: general liability, commercial automobile exposure, and worker safety. Protecting your lawn care business from risks is not just about compliance—it’s about ensuring long-term success. By understanding common industry…