2025

18 Dec New AI-specific insurance exclusions underscore risks associated with generative artificial intelligence

Posted at 13:29h in 2025, Directors & Officers, Professional Liability, Risk Management, Uncategorized

Anita Byer Generative Artificial Intelligence (GAI) is a type of artificial intelligence that creates new content (text, images, audio, video) in response to basic user prompts. Many organizations are now exploring ways to leverage this transformative technology to advance operational and business objectives. But despite its...

03 Dec The benefits of travel insurance for holiday travelers

Posted at 11:58h in 2025, Personal Insurance, Risk Management

Anita Byer The holiday travel season is officially underway. In the coming weeks, tens of millions of people will be gathering at airports, train stations, baggage claims, car rental counters, and toll booths across the land hoping that their best laid plans will endure the chaos...

19 Nov Florida approves 6.9% workers’ compensation rate decrease for 2026

Posted at 11:55h in 2025, Workers' Compensation

Anita Byer Florida employers will be paying less for workers’ compensation insurance next year. The Florida Office of Insurance Regulation approved a statewide overall average rate decrease of 6.9 percent for workers’ compensation insurance premiums. It will be the ninth consecutive year with a rate decrease....

05 Nov Global cat losses top $100B for 6th consecutive year despite ‘uncharacteristic’ lack of major events in Q3

Posted at 15:50h in 2025, Homeowners' Insurance, Property Insurance, Uncategorized

Anita Byer A recent report on global natural catastrophe losses revealed that despite an uncharacteristic lack of major events during the third quarter of 2025, insured losses still managed to top $100 billion globally for the sixth consecutive calendar year and the eighth year since 2017....

22 Oct Cyber survey reveals gains and gaps in corporate cybersecurity measures

Posted at 12:08h in 2025, Cyber Risk

Anita Byer Before closing the book on this year’s Cybersecurity Awareness Month, it is important for businesses to recognize the expanding scope and severity of cyberattacks and the consequences for failing to implement and maintain adequate cybersecurity measures. According to Aon’s 2025 Global Risk Management Survey,...

07 Oct Every business should implement a mandatory multi-factor authentication policy

Posted at 18:32h in 2025, Cyber Risk

Anita Byer Businesses wanting to make the most of Cybersecurity Awareness Month (October) should consider implementing a mandatory multi-factor authentication (MFA) policy for all employees. MFA ranks among the most effective measures that organizations can implement to protect sensitive systems, accounts, and data. In fact, research...

24 Sep Making the most out of Cybersecurity Awareness Month

Posted at 10:21h in 2025, Cyber Risk

Anita Byer October is Cybersecurity Awareness Month. The purpose of this global initiative, which began in 2003, is to raise awareness about online security and empower individuals and businesses to protect themselves against cyber threats. This year’s theme—Building a Cyber Strong America—highlights the need to strengthen...

09 Sep NCCI recommends 6.9% Florida workers’ compensation rate decrease in 2026

Posted at 17:46h in 2025, Workers' Compensation

Anita Byer Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average rate level decrease of 6.9 percent for the voluntary market effective January 1, 2026. NCCI, which is authorized to recommend rates...

26 Aug How does the new “no tax on tips” law work?

Posted at 18:13h in 2025, Employment Practices Liability Insurance (EPLI), Risk Management

Anita Byer The One Big Beautiful Bill Act (H.R. 1) is likely to have significant impact on those operating in industries that customarily and regularly involve tipping. The bill’s “no tax on tips” section adds a temporary, retroactive federal income tax deduction for “qualified tips” to...

13 Aug Insuring AI-related risks

Posted at 13:27h in 2025, Risk Management, Uncategorized

Anita Byer Businesses are adopting artificial intelligence at a staggering pace and using AI in more business functions than ever before. According to a McKinsey and Company survey, after years of minimal change, the organizational use of AI has accelerated significantly, from 33 percent in 2023...