Liability, Large Court Verdicts Drive Commercial Auto Insurance Price Surge

Posted on: October 21st, 2025 by Leaders' Choice Staff No Comments

Commercial auto insurance companies continue to post steep losses for liabilities like third-party injuries and property damage, which is driving continued rate hikes for businesses, particularly fleet operators, according to a new report from A.M. Best. The line posted its 14th consecutive year of underwriting losses in 2024, with liability coverage alone accounting for $4.5 […]

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Seven Steps to a Successful Open Enrollment

Posted on: October 14th, 2025 by Leaders' Choice Staff No Comments

If you view annual open enrollment as a simple box-checking exercise, you’re likely missing out on helping your staff get the most out of the benefits you provide. Instead, if you approach open enrollment as a chance to strengthen employee engagement, control costs and help your workforce understand the full value of your benefits program, […]

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New Rules May Coax More Insurers Back into California Market

Posted on: October 7th, 2025 by Leaders' Choice Staff No Comments

In an effort to bring more insurers back into California’s homeowner’s and commercial property insurance market, the state Department of Insurance (DOI) has approved a system that will allow insurers to use forward-looking wildfire risk models to price policies in areas susceptible to wildfires. The DOI hopes this and other measures it’s been taking, will […]

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Construction Defect Litigation on the Rise

Posted on: September 23rd, 2025 by Leaders' Choice Staff No Comments

Construction defect lawsuits, a constant presence in the building industry, are on the rise, and legal observers expect the trend to continue over the next few years. There are several factors driving the increase, including a continuing construction industry labor shortage, contractors working on tight schedules to rebuild properties in areas devastated by natural disasters […]

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Ransomware Escalates: Physical Threats Against Company Leaders

Posted on: September 15th, 2025 by Leaders' Choice Staff No Comments

A new survey has found that in 46% of ransomware incidents in the U.S., CEOs or other executives were physically threatened if their organizations did not pay the ransom demanded by hackers. The findings in Semperis’ “2025 Ransomware Risk Report” highlight other pressure tactics, such as ransomware criminals threatening to file regulatory complaints to force […]

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Multi-Unit Facilities Get Better Deal from FAIR Plan

Posted on: September 2nd, 2025 by Leaders' Choice Staff No Comments

The California FAIR Plan on July 25, 2025, started offering a new “high-value” commercial property coverage option for larger housing developments, farms and businesses with multiple buildings at one location. The new limits are up to $20 million per building, with a total maximum of $100 million per location — up from the previous limit […]

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How New U.S. Trade Policies Affect Insurance Costs

Posted on: August 19th, 2025 by Leaders' Choice Staff No Comments

President Trump’s sweeping return to tariff-heavy trade policies in 2025 is sending ripples across the economy, including the cost of property insurance claims. The latest round of tariffs, which include steep duties on imported construction materials and auto parts, many of which are sourced from China, threatens to drive up claims costs in both personal […]

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How to Prepare for Rolling Blackouts

Posted on: August 12th, 2025 by Leaders' Choice Staff No Comments

As wildfire seasons grow longer and more intense due to rising temperatures, utilities in high-risk areas are increasingly using public safety power shutoffs to prevent fires sparked by electrical equipment, one of the leading causes of wildfires. These proactive outages can leave communities without power for hours — or even days — especially during dry, […]

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How Fleet Managers Can Combat Distracted Driving

Posted on: July 29th, 2025 by Leaders' Choice Staff No Comments

For companies that rely on fleets of vehicles to deliver goods, transport equipment or provide services, distracted driving is a risk that can pose an existential threat to the company. Collisions resulting from inattentive driving can lead to serious injuries, costly vehicle damage and insurance rate hikes or cancellations. Most fleets are comprised of vehicles […]

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Review Your Property Coverage Limits as Construction Inflation Continues Apace

Posted on: July 15th, 2025 by Leaders' Choice Staff No Comments

Rapidly rising commercial building construction costs could result in your facility being underinsured if you suffer a major loss and haven’t increased your insurance policy replacement cost limits lately.   Your policy has a maximum amount it will pay to rebuild your building, and that limit should reflect current construction costs. Otherwise, the policy may […]

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