Articles

Hotel Industry Pushes Through as Insurance, Economic Uncertainty Builds

A busy summer travel season provided a much-needed boost to the hotel industry but rising insurance costs and other economic factors threaten to undermine the sector’s ongoing recovery. After nearly three years of losses related to COVID-19, hotel industry revenue and occupancy may actually exceed pre-pandemic levels by the end of 2022, according to the American Hotel and Lodging Association (AHLA...

Real Estate Strategy: How to Win in Today’s Challenging Market

The real estate insurance market is in a state of transition. Increased frequency and severity of natural catastrophe losses have taken their toll on the real estate property market. Add in losses due to civil unrest endured in 2020 and top that off with inflation and other economic challenges, the market sees even tougher conditions ahead, says Ryan Flanagan, senior vice president at Heffernan In...

Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market

The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM Best in a recent market report. As part of its look at the U.S. cyber market, AM Best said captives can customize policies to allow parent organizations to assess damage and react quicker, but “sufficie...

Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

Music may not be the first thing that comes to mind when considering the cybersecurity and insurance industries, but these industries could have more in common than it seems, according to guests on a recent episode of The Insuring Cyber Podcast. “When it comes to helping people become aware of complex subjects that are maybe unengaging or a little bit boring, music is one of those things that we c...