Articles

Trucking Insurance Market Facing Challenges from New Ventures, Driver Shortage

The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking - including a shortage of qualified drivers, low truck supply and the rising costs of doing business - are squeezing trucking firms. Also, a Supreme Court case ruled in favor of a driver could put the transportation sector in a f...

Turning Today's Confusion Into a Sustainable Cyber Insurance Market

There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep pace. Meanwhile, the question of how to transform cyber insurance into a more sustainable market remains. "Cyber is moving so fast that we're on this cadence of we're almost changing the...

Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise

Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages, producers marketing themselves as experts could face scrutiny, lawsuits and possible errors and omissions claims, according to speakers at the Professional Liability Underwriting Societ...