An industry in motion: Construction trends to watch
If it seems like the construction industry has been a mixed bag recently, that’s because it has. According to the AIA Consensus Construction Forecast, some sectors of the industry are poised for steady growth while others are slowing down.
How litigation funding is reshaping the business landscape
For the past decade, the small and midsize businesses we protect have been watched by anonymous, predatory investors waiting for just the right injury to pounce.
Navigating Casualty Exposures and Markets
Ashley Moffatt, senior vice president Brokerage Primary Casualty, shares her point of view on casualty trends and challenges, and our approach to the market.
2024 Manufacturing industry overview & trends to watch
Manufacturing remains a vital force in the U.S. economy. In 2022, it contributed $2.3 trillion, accounting for 11.4% of the nation’s gross domestic product. However, the industry faces several challenges due to changes in technology, sustainability, customer relationships and reshoring.
Construction defect claims on the rise: Understanding the trends and impacts
When it comes to managing construction defect claims, insureds should be looking for an insurance partner that has a sharp eye on the market and is keeping pace with today’s trends.
3 commercial real estate trends for 2024
Industry insiders have been watching the commercial real estate market with a mix of curiosity and cautious optimism. “It’s going to be an interesting year,” says Brett Dailey, Executive Underwriting Director, E&S Brokerage Primary Casualty. “It’s a transition year.”
Moving the needle: How data trends will drive innovation in the insurance industry 2024
Data has played an important role in the insurance industry for decades, but as the quality of data and associated technology grows more sophisticated, its potential has increased exponentially.
Data-driven E&S
John Anthony, senior vice president, E&S Contract P&C and Excess, said he sees an ever-expanding opportunity in the surplus lines sector, “which is one of the things that we’re looking to sophisticate on within the risk selection process to be able to handle a lot of these new and dynamic risks.”
Commercial Insurance Conversation Guide on Inflation
Inflation is a major challenge for many businesses. It also has a significant impact on business insurance coverage, but the underlying causes and effects may not be well understood by your commercial clients.
Economic forces putting strain on construction, and how insurers and insureds are responding
In today's unstable economic conditions, construction insureds will want to partner with stable carriers who are strengthening their rates.
Product Liability risk is constantly evolving
Deep expertise and a savvy underwriting approach are the keys to success in the products liability space. In the hyper-specialized world of products liability underwriting, top underwriters know they need to develop a deep understanding of their clients' exposures.
E&S Market Leader
Ashley Moffatt, SVP Brokerage, Primary Casualty for Nationwide E&S, said their ultimate goal is to be a top 10 carrier with their key distribution partners. "Some initiatives that I'm particularly excited about include investing in third-party tools and technology to enhance our data-driven decisions, as well as building out new product offerings to promote profitable growth opportunities," she said.
Trends to watch for remodeling contractors
Remodeling contractors specialize in making significant improvements, alterations or additions to the interiors or exteriors of existing buildings.
The sting of ongoing inflation for manufacturers
Although the experts diverge on how long it will take for inflation to reach the desired level, they do agree on one point: above-average inflation is not going anywhere anytime soon.
Prices on the rise? Your coverage should be, too
The issue of inflation isn't just impacting what you pay at the pump and in the grocery store.
Forever chemicals emerge as new risk
Forever chemicals, or PFAS, are big news today. According to a Bloomberg Law analysis, more than 6,400 PFAS related lawsuits were filed in federal courts between July 2005 and March 2022.
Home makeover demand remains high despite inflation, supply issues
Home prices surged nearly 20% in 2021 — the highest calendar-year increase on record — putting a hold on house buying aspirations for many Americans.
Considerations for reducing product liability
Customers expect manufacturers, suppliers and other parties in the retail chain to deliver safe and reliable products.
Trends to watch for artisan contractors
Artisan contractors are essential to a variety of residential and commercial construction projects.
Protecting contractors through risk transfer
Contractors rely on the help of subcontractors and other third parties to complete construction projects, both large and small.
Key risks and insurance considerations for businesses in the hemp and CBD industry
Whether businesses manufacture, distribute or sell CBD or other hemp products, it's important for them to understand their unique risks and take steps to protect against those exposures by securing sufficient insurance coverage.
Building greater revenue through construction
Construction is defying the odds. Despite supply chain issues and labor shortages, this industry has continued its growth streak, and there's no sign of it slowing down anytime soon.
General contractors: industry overview and trends to watch
General contractors don't fall neatly into one type of construction. This is because the definition of a general contractor is relatively broad, covering a wide variety of entities and individuals who focus on projects both large and small.
Trends to watch for product manufacturers
In recent years, product manufacturers have encountered a wide range of industry developments. Between labor shortages, supply chain challenges, costly lawsuits, inflation issues and technological advancements, there are several trends currently affecting the product manufacturing sector.