The commercial insurance landscape is constantly evolving. See key market trends, emerging risks and strategies to help you navigate the complex market in 2025.
Already in 2023, there have been more extreme events in America that cost at least $1 billion, exceeding the 2020 record. Catastrophes, the mounting costs of building materials and four other driving forces are increasing the cost of property insurance.
Factors such as high interest rates, increased settlements and severe weather events have taken a toll on the insurance market resulting in a "hard market."
Many businesses have started to equip vehicles with telematics to help manage a fleet challenges, like accidents, employee injuries, liability concerns and increased upkeep costs.
Most lines experienced moderation in premium pricing increases in Q1 2023. Results from the survey showed an average increase of 8.8% across all account sizes, up slightly from the 8.0% recorded the previous quarter.
Email has become a popular mode of transportation for cybercriminal attacks. These email security best practices can help your organization minimize security risks.
This preliminary list indicates the most violated safety standards for fiscal year 2022. Preliminary data shows that fall protection (general requirements) is at the top of the list of violations for the 12th year in a row, followed by hazard communication and respiratory protection.
The second quarter of 2022 marked the 19th consecutive quarter of commercial price increases with continued easing in the market and average price increases of 6.1% across all lines of business.
Premiums continued to increase in the first quarter of 2022, according to results from CIAB’s Commercial Property/Casualty Market Index. However, there were signs that market conditions may have eased slightly this quarter.
UNICO Group joins 15 of the most sizable and innovative brokerage firms in North America as well as 12 of the most notable and respected insurance companies and wholesalers with both domestic and international presence in BrokerTech Ventures.
UNICO is happy to announce that four of our Business Risk Advisors are officially Commercial Risk Consultants; Megan Hatch, Adam Johnson, Chris Senkbile and Dan Mickells have completed all education and licensing requirements.