Monica Adwani (pictured) has spent nearly 20 years in corporate and independent insurance roles. Raised in Puerto Rico and now based in Massachusetts, she’s seen how systemic oversights – from a lack of bilingual agents to performative DEI programs – fail to meet the needs of Latino entrepreneurs. Real inclusion means designing policies with these communities in mind, not just translating the pitch.
Mercury’s combined ratio for the quarter stood at 119.2%, up from 100.9% in Q1 2024, reflecting elevated loss activity from catastrophe events. Catastrophe losses, net of reinsurance, reached $447 million in the quarter, up from $72 million a year earlier. Source link
In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from…
“Supply chain disruptions can happen anytime, anywhere, and can cripple operations without proactive planning and risk modeling. By investing in resilience now, businesses can reduce downtime, protect their bottom line, and ensure long-term continuity in the face of uncertainty,” Gallagher said. Source link
In today’s turbulent economy, few industries feel the impact of inflation as acutely as the construction sector. Inflation has caused unprecedented material costs, casting a shadow of uncertainty over construction projects, large and small. Alongside material challenges, companies can expect other consequences of the construction inflation rate, such as project delays and increased operational costs….
