Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability.
In what is being called “the most important cyber accumulation loss event since NotPetya,” the July 19, 2024, global technology outage (CrowdStrike) will produce scores of insurance claims across a range of policies, test cyber policy wordings,and sharpen the industry’s focus on single points of failure.
The health and safety of your residents should be your top priority, so it is important that your facility is proactive in ensuring that the proper fire safety precautions are in place.
In October 2020, the University of Vermont (UVM) Health Network—a six-hospital health care organization that serves over 1 million patients throughout Vermont and upstate New York discovered that its systems had been compromised by cybercriminals in a ransomware attack.
In the spring of 2021, hackers initiated a ransomware attack against Colonial Pipeline—the largest refined oil products pipeline in the United States.
The Commercial Vehicle Safety Alliance (CVSA) recently scheduled this year’s Brake Safety Week for Aug. 25-31, 2024. This annual event aims to emphasize the importance of ensuring sufficient brake systems in commercial motor vehicles (CMVs).
Taking the initiative to use solar energy for your home will not only help the environment, but it can save you money, too.
Fireworks are a staple of many Fourth of July and other celebrations, but remember to take precautions to ensure your specialevent is safe and accident-free.
June is National Safety Month. This campaign, put together by the National Safety Council (NSC), highlights efforts to prevent injuries and deaths inside and outside the workplace. It also helps provide learning opportunities for employees, allows employers to share their safety pride and gives employees the opportunity to pledge that they will work safely.
On average, two workers are killed every month in trench collapses. It is our responsibility to provide a safe workplace, free of recognized hazards that may cause serious injury or death. By instituting safe work practices and procedures while excavating and working in trenches, we can prevent needless worksite injuries.
