The invasion of Ukraine presents Lloyd’s of London with potential major claims this year. Around 100 members of Lloyd’s underwrite complex risks, including planes, ships, and oil rigs. According to this article by BusinessInsurance.com, the aviation insurance market is considerably exposed to the situation in Ukraine. Chairman Bruce Carnegie-Brown told Re...

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Authored by Sara Weathers Russia’s invasion of Ukraine in February has led to sanctions being put into place on Russia. According to a recent article from Insurance Business Magazine, these sanctions have caused a global economic squeeze that could last for months or years. The sanctions that have been put into place are meant to cut Russia off and create...

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Cyber attacks and data breaches have become the conversation of choice for many in recent weeks. Government entities are no exception. According to this article, in March, the Texas Department of Insurance announced that it experienced a data breach. The web application managing the state’s workers’ compensation information was compromised. The department...

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Authored by Sara Weathers According to a recent article from Insurance Business Magazine, commercial property insurance rates have increased by double digits for two straight years. Rates are unlikely to drop any time in the near future. Severe weather events are one of the biggest challenges that both insurance brokers and clients are facing. States like...

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