Intel

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

The practice of telemedicine—healing at a distance—dates back over a century and has come a long way since. In 2023, the telehealth industry market value was estimated at $194 billion and is projected to rise to nearly $870 billion by 2030, according to the February 2021 Telehealth Market Research Report by Market Research Future. It comes as no surprise that…

During this webinar, our own Evan Miller provided updates on the telehealth industry and its impact on the Healthcare Insurance Industry. Watch a highlight from the discussion below. https://vimeo.com/925430805/03d4b0eabf?share=copy

During this webinar, our own Karl Olson provided updates on the telehealth industry and its impact on the Healthcare Insurance Industry. Watch a highlight from the discussion below. https://vimeo.com/925430168/fff70592ee?share=copy

During this webinar, our experts gathered for a discussion on how telehealth has impacted healthcare over the last few years and how the medical professional liability market has changed to address it. Watch as they explore the current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/923704547/66c21256f4  

A lawsuit filed Feb. 1 against the makers of the highly sought-after Stanley insulated cup accuses the company of failing to disclose the presence of lead in its popular tumbler. The lawsuit, brought by consumers in California and filed as a potential class-action case, claims Stanley parent company Pacific Market International concealed their use of lead in the tumblers until…

Experts are sounding the alarm over the risk of infections and other negative outcomes that patients could face after receiving treatments at medical spas, or med spas, which have boomed in popularity in recent years. According to a recent NBC News report, physicians are seeing more adverse reactions linked to the facilities and there are growing concerns over the clinics…

Many of the primary factors that influenced the status of the Property & Casualty (P&C) market in 2023 are likely to remain in 2024. We continue to operate in a comparatively hard environment marked by rising but moderating rates on some lines of business, where it is often necessary to layer available capacity that includes carefully worded terms and conditions…

Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…

Increasing demand for aging services and a boom in medispas are among the changes currently happening in the ever-evolving healthcare industry. To learn more about industry risks and Healthcare Insurance solutions, we spoke with Lily Chetosky, Broker, Professional Liability, Burns & Wilcox, Chicago, Illinois. What are some of the greatest risks in healthcare today? L.C.: There are a lot of…

More than 70 million candy products that contain rolling liquid dispensers were recently recalled due to the risk of choking. The two products separately recalled — 145,800 Cocco Candy Rolling Candy dispensers and 70 million of the Candy Dynamics Slime Licker Sour Rolling Liquid Candy — contain a roller ball mechanism that dispenses liquid. According to the U.S. Consumer Product…

Medication errors, theft from residents, failure to treat pressure sores and other hazards are among the claims being made against a nursing home in Mount Pleasant, Iowa, as it faces $49,000 in possible fines for 20 state and federal violations. According to reports, the 62-bed Arbor Court nursing home has had repeated violations over the past 21 months, including 66…