FMI: Construction Moves Forward, Expect 2023 Boom

Denise Gillin Construction, News

By Tom Jackson for While there’s no big upswing in the construction economy this year, there is at least forward progress, according to FMI’s 2021 Engineering and Construction Third Quarter Outlook report. Given a contentious election and pandemic, any progress is probably a good thing. And for transportation construction, the outlook turns especially bright after 2022. According to the report, total engineering and construction spending for the U.S. is forecast to end 2021 up 2%, compared to up 5% in 2020.   Get more details here>>>

Seven Critical Risks Facing the Agriculture Industry

Denise Gillin Agribusiness, Insurance, News, Risk Management

By Autumn Demberger for Everyone needs to eat — it’s right there at level one on Maslow’s Hierarchy of Needs, after all. But how often do we take the time to think about where our food comes from? What needs to happen to bring us together around the table each night to share our stories and connect with our loved ones? Those in the agriculture sector know a thing or two about the process behind stocking the grocery store shelves. There’s sowing and weeding and watering and raising livestock, for one thing. And then there’s managing the risks. Click here to find out more about the key critical risks facing the agriculture industry, from a hardening property insurance market …

U.S. Construction Insurance Market: Expect Higher Prices, Increased Security

Denise Gillin Construction, Insurance, News

By Sedat Kunt for From a shortage of skilled workers to supply chain disruptions to the spiraling cost of essential materials, construction companies face substantial pressures. These risks come at the same time as insurance prices are rising and securing coverage is more challenging, threatening the profitability, and even the viability, of certain projects. Insurance pricing in the U.S. and globally, on average, has been increasing for several quarters. As insurers increase scrutiny on all applications—including extensions—companies in the construction industry are experiencing longer placement and renewal timelines and requests from underwriters for additional information. Read three actions you can take for more effective insurance renewals>>>  

Excessive Heat – Keeping Safe

Denise Gillin News, Risk Management

By Gene Schmitt, CSP, ARM, CHST, CFPS, Risk Control Specialist Excessive heat affects many workers, particularly people performing strenuous work including firefighters, foundry workers, bakery workers, and construction workers. It’s important to recognize conditions and situations where heat-related illness might occur and take appropriate prevention measures.  Employees should learn to recognize the signs and symptoms of heat-related illnesses and know how to appropriately respond. The heat wave we are experiencing brings the risk for heat cramps, heat exhaustion, and heat stroke. Heat cramps occur when the body loses significant amounts of salts. It’s important to stop strenuous activity and get to a cool, shaded place. Drink clear juice or a sports beverage, or water with food. Heat exhaustion is when …

Seven Key Trends Affecting 2021’s Hard Insurance Market

Denise Gillin Insurance, News

By James C. Drinkwater for Around the one-year mark since the start of the pandemic, markets began to experience the lasting effects of the challenges presented to them in 2020. While I’m hopeful that there is light at the end of the COVID-19 tunnel, we’ll likely see hardening market conditions persist throughout 2021. Some of the key trends and factors that marked the insurance industry over the past year or so include: Unpredictable natural disasters lead to a choppy property market in 2021 Lifestyle changes and emerging threats lead to dramatic shifts in cyber The ever-evolving cannabis / CBD industry means growing risks Excessive fee litigation is changing the fiduciary insurance market Opportunity in offshore wind infrastructure spurs a …

Senior Living: Cyber Liability Insurance & Why You Need It

Denise Gillin News, Risk Management

By Ashley Wilson for Technology has become an essential element to our everyday life. While the benefits are endless, it comes with a significant risk for many employers. Cyber-attacks are becoming increasingly popular as we become more dependent on technology. Unfortunately, the long-term care industry is not immune to these attacks. Like the rest of the world, the long-term care industry relies on technology for day-to-day operations such as data management systems, electronic health records, billing, and storing personally identifiable information, also referred to as PII. The availability of this information provides cybercriminals with a desirable target that is unknowingly putting long-term care providers at risk of a cyber-attack. Click for five ways to thwart cyber criminals from impeding …

Weekend Inspections Signal Tougher OSHA Approach

Denise Gillin Construction, News, Risk Management

By Angela Childers for After spending the past few months developing a COVID-19 emergency temporary standard, the Occupational Safety and Health Administration has turned its attention to safety issues in the construction industry. In early June, OSHA announced that it would begin a “Weekend Work” enforcement program targeting construction sites on Saturdays and Sundays in a “proactive effort to identify hazardous worksites and to ensure workers end their shifts safely.” This effort specifically seeks to address potential fall protection violations — the most-cited OSHA violation for a decade — and trenching violations, which have also consistently been named by the agency as among the top construction violations. Read more here>>>

A group of people putting a jigsaw puzzle together.

Employee Benefits Strategic Partnership

Denise Gillin Health Benefits, News

Providing and managing a comprehensive employee benefits program is more complex – and more important – than ever before. Murray’s Benefits Team has always been focused on providing innovative technology, human resources support, and a commitment to service to help clients of all sizes maximize the value of their employee benefits investment. On July 1 we are taking our client commitment to the next level! Two premier Employee Benefit Teams are coming together under the AssuredPartners umbrella: Murray’s Employee Benefits Team and the former StoudtAdvisor’s Team, who has been part of AssuredPartners for nearly six years. Through this strategic partnership, we will work together at AP Lititz to form one of the largest and most experienced Employee Benefits Teams in …

Latest Trends in the Industrial Real Estate Sector Here to Stay

Denise Gillin Insurance, Manufacturing, News

By John Dettleff, Senior Managing Director, Brokerage, JLL for The United States will need one billion square feet of industrial space over the next five years to keep up with e-commerce demand — one billion! Throughout the COVID-19 pandemic, much attention has been paid to the future of office, but the industrial market is experiencing a similar tectonic shift. Prior to the onset of the coronavirus, the increase in online sales was driving growth in the industrial real estate sector. JLL found that nearly 35 percent of all industrial leasing was attributed to e-commerce pre-pandemic. After March 2020, as online sales experienced an explosion in growth, demand for distribution space skyrocketed, accounting for the majority of all industrial leasing …

Portrait of smiling healthcare workers in ward. Female doctor is showing paper while standing by coworkers in protective workwear. They are at hospital during COVID-19. (Portrait of smiling healthcare workers in ward. Female doctor is showing paper wh

OSHA’s Long-awaited ETS Only Applies to Health Care Workers

Denise Gillin News, Risk Management

By Louise Esola for The Occupational Safety and Health Administration on Thursday released the details of its long-awaited Emergency Temporary Standard, which it says will only apply to health care workers. The agency said it will follow up with separate guidance for workers in such sectors as manufacturing, meat and seafood processing, grocery and retail. The ETS, which has been submitted to the Office of the Federal Register, includes such requirements as sanitation, time off for illness or vaccinations, anti-retaliation measures, and personal protective equipment while working with COVID-19 patients. The guidance closely resembles rules issued by the Centers for Disease Control and Prevention. Get more details>>>