Motor carriers have traditionally been paper-based businesses with bills of lading, inspection reports, delivery receipts, and other necessary operational documents kept in tangible files. As more trucking businesses go digital, they are entering a new world of improved efficiency that also comes with larger data volume and increased cyber risk.

Many are finding that the marketplace for Directors and Officers (D&O) liability insurance is easing in the final quarter of 2022. New entrants to the space are competing for accounts, and underwriters are becoming more comfortable with certain risk classes. Trend data compiled and tracked by CRC Group indicates average renewal rate increases are slowing, and more accounts are renewing with flat to small increases compared with earlier in 2022 (source 1).

The pandemic exacerbated healthcare staffing shortages, pushing many organizations to rely on staffing agencies for help. However, this can increase the risk of claims. Because claim severity continues to be an issue, many markets have narrowed their appetite or chosen to exit the sector entirely, creating a harder insurance landscape for healthcare staffing.

Modern cybercrime is constantly evolving to produce more complicated, stealthy attacks with devastating and costly consequences for companies that fall victim. Cybercrime cost U.S. businesses more than $6.9B in 2021. Even so, only 43% of businesses report feeling financially prepared to face a cyberattack in 2022 (source 1).

Behavioral healthcare providers can help mitigate growing violence rates by adequately assessing the risk of violence a patient presents toward others. The right behavioral healthcare assessments can help protect people from harm and prevent professional liability claims.