Cyber Insurance Pricing Ebbs

Posted on: July 25th, 2023 by Leaders' Choice Staff No Comments

After two years of massive rate increases, cyber insurance market pricing has been softening and transitioning into a buyers’ market, according to a new report by Aon Plc. In 2021 and 2022, 100% rate increases for cyber liability insurers were common, but a number of factors are finally starting to drive rates lower. Experts recommend […]

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Commercial Auto Insurance Rates Spiking

Posted on: July 18th, 2023 by Leaders' Choice Staff No Comments

Skyrocketing claims costs and higher accident rates are pressuring the commercial auto insurance market, as insurers impose increasingly larger rate hikes and more are pulling out of the market or restricting who they will cover. While rate increases have been the standard for nearly a decade, since 2022 hikes are growing larger — often in […]

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Commercial Property Insurance Gets Scarce in At-Risk Areas

Posted on: July 11th, 2023 by Leaders' Choice Staff No Comments

Commercial property insurance rates remain stubbornly high in California for businesses with properties that are susceptible to wildfire risks. Coverage is relatively easy to find at reasonable prices in any of California’s larger cities, but in small cities and towns, it’s a different story. Business with facilities in any areas that abut woodlands and other […]

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New Mandatory Workplace Poster Released, Update Yours Now

Posted on: July 4th, 2023 by Leaders' Choice Staff No Comments

The Equal Employment Opportunity Commission has released an updated version of the “Know Your Rights: Workplace Discrimination is Illegal” poster to account for upcoming changes to workplace anti-discrimination laws. The Pregnant Workers’ Fairness Act, signed into law last year, comes into effect on June 27, 2023, at which time employers will need to swap out […]

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