Wood building (including stick-build, tall timber, and mass timber) is increasing in prevalence and complexity, both in commercial and residential markets. With this boom comes a variety of claims, ranging from builder’s risk to construction defect, workers’ compensation to subcontractor default.

One of the amazingly beautiful things about insurance is that regardless of what you’re passionate about, we have a career for you.

A little while ago, I applied for an internal position I really, really wanted. It meshed well with my skills and enthusiasm for insurance. It also would have helped me grow in ways that I would not have thought possible this early on in my career.

We have said it for years: Most of our claims are not going to trial and may never see the inside of a courtroom. Instead, in all likelihood, mediation or informal negotiations is where we’re going to get the case resolved.

Commercial insurance faces a growing claims adjuster staffing gap. On the retirement end, there’s a rising tide of experienced adjusters leaving the profession.

Insurance, as an industry has one of the lowest unemployment rates in the United States, currently hovering around 2%. This is compared to a national average of roughly 4%. Average insurance employees work about 38 hours a week, and make about $34.00 an hour.

With remote work becoming more common, there has been a rapid increase in cybersecurity incidents among small to mid-sized businesses – meaning SMBs need to take steps to guard their data, according to cybersecurity firm DIGIGUARD.

Insurance companies pay all sorts of claims that may not qualify for coverage under their reinsurance contracts. Sometimes, it is because the individual claims are too small and do not exceed the insurance company’s reinsurance retention on an individual loss basis.

Nominations are open for Insurance Business America’s Hall of Fame 2020 – a celebration of the US insurance industry’s best and brightest professionals who have developed standout careers spanning 35 years or longer.

When I began thinking about some of the lessons I’ve learned in flood litigation, I made a list of estimating errors, coverage mistakes and customer service disasters that could have been avoided. Then I threw the list away.

Lately, I’ve been speaking with a lot of young and successful insurance pros who complain about the same frustration. Generally, they have been at the same company for a while and have grown into middle-level independent contributor roles and have been in their current role between two and four years.

Insurance has a bad rap as a profession. We inside the industry try to combat the stigmas of our wonderfully nerdy and exciting realm of serving the personal needs of the world’s population. We help people. We are a people-orientated and focused industry. And we’ve done a pretty lousy job letting the world know what we offer and why we are important to their daily existence!

Many businesses, schools, and event centers use waivers and hold-harmless agreements as a type of security blanket or an extra layer of protection from injury claims.

Raise your hand if you set out with a career path in insurance? (My hands are by my side.) Many of us in the insurance industry did not plan on being here.

Are you Zoomed out? Had your fill of webinars? Well, you’re not alone. As the conference and events industry has pivoted to virtual gatherings, it’s become increasingly apparent how unfamiliar many meeting sponsors and speakers are with the digital stage.