GLP-1, or glucagon-like peptide 1, plays a crucial role in regulating blood sugar levels by stimulating insulin secretion from pancreatic beta cells. In recent years, GLP-1 receptor agonists have emerged as a significant therapeutic option for managing type 2 diabetes mellitus (T2DM) due to their ability to mimic the action of endogenous GLP-1. As with…
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Commercial General Liability (CGL) and excess liability insurance are essential components of risk management for businesses, providing coverage against claims for bodily injury, property damage, and other liabilities. However, businesses in the United States have been facing rising premiums for these types of insurance. Several key factors contribute to this upward trend, driven by changes…
Home and auto insurance rates have been on the rise in recent years, driven by various factors such as increasing claim frequency and severity, rising repair and replacement costs, and broader economic trends. Concurrently, insurance companies have been adjusting coverage options and narrowing policy terms to manage their exposure to risks and maintain profitability. These…
The property insurance market is a dynamic and essential sector that plays a crucial role in mitigating financial risks associated with damage or loss of physical assets. As of 2024, the state of the property insurance market is marked by a combination of challenges and opportunities, shaped by a variety of factors such as technological…
Climate change is reshaping the world in profound ways. Our industry is significantly affected by the evolving climate patterns. The increasing frequency and severity of extreme weather events, rising sea levels, and changing climate patterns pose substantial challenges for insurers and insureds alike. Escalating Costs of Natural Disasters: Climate change’s most immediate and tangible impact…
You have probably heard the term “artificial intelligence” in the news recently. Most likely because of ChatGPT: an intelligent, human like chat-bot developed by the firm OpenAI. Chat-bots have existed for a long time on the internet, but ChatGPT uses complicated cloud processing and algorithms to simulate human consciousness. While this may seem scary to…
The insurance industry in the US and Canada is entering a hard market. Premiums are increasing, almost across the board, as the large insurance companies are trying to recoup income from the rapidly rising cost of claims. Some of the hardest hit will be those in the commercial property and casualty space. In a Wall…
CARES Act and CAA
July Recipe of the Month – Tomato and Cucumber Salad
Ransomware is quickly becoming the most prominent form of cyber-attack that is being used against businesses. What is ransomware? It is any type of malicious code or software that prevents a user from accessing certain files or often the entire computer itself. The attacker usually then demands monetary payment for the release of the affected…