“When will this market end” is a question business owners and executives often ask me. Their frustration is justified, given 25 quarters of increasing insurance premiums and the financial toll the hard insurance market continues to take on businesses of all sizes. While questions about high costs top the list of concerns, many organizations […]

What to expect during this time of increasing insurance rates. “Recently while reorganizing my home office, I was struck with nostalgia when I ran across an issue of Time magazine dated March 24, 1986. Flipping through the pages brought back memories of long-gone institutions and businesses such as: First Interstate Bank, Compaq Computers and Western […]

  Property and Casualty Insurance: Are you an investor or trader? When investing in stocks, real estate, or other markets, two approaches dominate: trading (short-term) and investing (long-term.) Both offer opportunities, but success depends on knowing how the game is played and not mistaking one approach for the other. When purchasing Property and Casualty insurance, […]

In today’s business environment there is a belief that cybersecurity is an IT issue, but that is narrow-sighted. Cybersecurity is really a business risk with mission critical ramifications. And as we know, risk is a domain of the C-suite. Diligent executives are now asking more and tougher questions about cybersecurity. Understanding your Cyber Maturity Score […]

While threat actors continue to vary attack methods, these fundamental security controls can significantly improve your security posture, therefore increasing opportunities to obtain the most favorable Cyber insurance coverage. Validated by seasoned cyber security experts from Kroll, we present key takeaways for each of the controls presented here. 15 Ways to Protect Your Business from […]

Cyberattacks are a threat to every business and organization. Intrusions can come through the business itself, or from third parties, such as clients or vendors. As hackers become more sophisticated and increase their financial demands, it becomes increasingly critical for organizations to understand their specific vulnerabilities, have a risk prevention and mitigation plan in place […]

Information security is a critical business asset and must be a top priority for all organizations — large and small. Yet many small businesses underestimate the potential for cyber risk and have inadequate coverage (or none at all) to protect them from cyberattacks. Ransomware attacks are on the rise and are a serious threat to […]

Russia, North Korea, Iran and China are the primary nation states trafficking in cybercrime. Each has different motives. Russia: reconnaissance to enable access to critical industries (for use if needed, rather than specifically as a first strike); and destabilizing societies. Responsible for the destructive NotPetya attack. North Korea: it has a strong motivational need for money, […]

Cybersecurity, long thought to be unnecessary and costly, is becoming top-of-mind as the C-Suite gives more consideration by weaving into budgets, value propositions & future planning without a second thought. There are still many businesses in unregulated industries, such as, manufacturing, construction, distribution and retail who lag behind this trend. One obstacle is the prevailing […]

As 2021 approached, Workers’ Compensation insurance was a national outlier in an otherwise hard market for Property and Casualty insurance, showing only a narrow range between moderate decreases and increases in rates while remaining stable in terms of availability, capacity and underwriting scrutiny/selectivity. But uncertainty loomed, amid questions arising from COVID-19. To what extent would […]