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INSIGHTS2023-06-15T14:57:15+00:00

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CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure

July 23rd, 2024|

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.

Cyber Case Study: UVM Health Network Ransomware Attack

July 12th, 2024|

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.

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Cyber Case Study: UVM Health Network Ransomware Attack

July 12th, 2024|

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.

Managing Summer Construction Projects

July 1st, 2024|

Summer construction projects present unique challenges for schools, requiring diligent planning and risk management to ensure safety and security. With limited onsite staff during the summer months, appointing a dedicated staff representative or liaison for each construction project becomes essential

Supporting Employees During Mental Health Awareness Month and Beyond

April 3rd, 2024|

Employee mental health has become a workplace topic of increased focus and awareness in recent years. An employee’s mental health includes how they think, feel and act, and their emotional and social well-being. While mental health includes mental illness, these two concepts aren’t interchangeable. For example, an employee can go through a period of poor mental health but not necessarily have a diagnosable mental illness. Additionally, an employee’s mental health can change over time, depending on factors such as their workload, stress and work-life balance.

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2024 Midyear Market Outlook: Commercial Property Insurance

July 22nd, 2024|

The commercial property insurance segment has been characterized by ongoing premium increases for much of the past decade. According to industry data, such rate jumps reached record-setting levels in 2023, surging by an average of 20.4% in the first quarter alone and only slightly falling to 18.3% in the latter half of the year.

Using HSAs, Health FSAs and HRAs for Over-the-Counter Items

July 19th, 2024|

Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may provide tax-free reimbursements of certain over-the-counter (OTC) items. OTC items are generally available to consumers without a prescription.

2024 Midyear Market Outlook: General Liability Insurance

July 18th, 2024|

The general liability insurance market has faced hardening conditions in recent years, largely due to increasing claim frequency and severity. As such, most policyholders have encountered ongoing rate jumps, stringent underwriting standards and limited capacity.

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