Green Insurance Group is part of the Brown & Brown team.
Business instability and the possibility of unpaid debts is a persistent challenge that undermines growth prospects, investment plans, and the ease of transactions essential for success. Credit insurance provides a valuable solution to this issue, providing certainty in an uncertain environment.
The current difficult economic environment and changing working practices are driving increased commercial and employment litigation, making Commercial Legal Expenses insurance cover more vital for businesses than ever.
The collapse of Silicon Valley Bank has direct implications within the insurance industry. Karen Allen Managing Director of GRP’s London Market broker Lonmar examines the impact of the SVB collapse the D&O insurance market, and the exposure of company Directors to personal claims following an insolvency.
Low growth and inflation both have a significant impact on insurers as their claims costs increase while the value of their investments decrease. Insurers are passing this economic pain on to their customers as they strive to make a profit - focussing on rate strength, inevitability leading to an increase in premiums.
The challenging backdrop to the 2023 insurance market includes inflationary pressures, the looming threat of recession, continuing fallout from Russia’s invasion of Ukraine, and lingering COVID-19 concerns. Rising reinsurance rates are also contributing to market hardening while adding to primary insurer operating costs.
This article runs through how we anticipate these factors will affect pricing across some key commercial insurance classes.
A Brown & Brown Europe blog providing insurance and risk insight
A perfect storm of inflationary pressures in the construction industry mean that the majority of businesses’ property risks are currently underinsured. This can have disastrous consequences for any business suffering a major property damage claim, as their insurance will not fully cover the loss, threatening their ongoing viability.
Unscrupulous hackers use the “Season of Goodwill” to defraud and extort money from unwary shoppers.
The Construction industry has been through a tumultuous few years - COVID-19, Brexit and most recently the Ukraine war have caused disruptions with project delays, supply chain issues, price inflation and the availability of labour. This article considers how these issues have impacted the construction insurance market, and what businesses can do to help their broker achieve the best possible terms on their behalf.
This summer has seen unprecedented temperatures. On the 19th July 2022, the UK experienced its hottest temperature on record where the thermometer touched 40.3C in Lincolnshire. This month the Met Office have issued a further Amber warning for Central and Southern England and Wales.
The current hot weather may be welcome for holidaymakers, but many workplaces in the UK are not equipped to deal with the current extreme temperatures. It makes sense to consider putting in place some simple common-sense measures to help mitigate the heat, reduce the risks and make your colleagues more comfortable.