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Sep 02
Industry Roundup: Return-to-Work Plans; OSHA COVID-19 Updates; FEMA Overhauls NFIP

Making Return-to-Work Plans Amid the Latest Pandemic Surge

Recent spikes in COVID-19 and lagging vaccination rates in some areas have raised concerns about how to proceed as many companies work to transition employees back to the office or hybrid arrangements this fall.

 

Brokers, Agents Break All-Time Growth Records, Commercial Lines Driving their Success

Independent agents and brokers posted their highest organic growth rate in the 13-year history of Reagan Consulting's Growth & Profitability Survey (GPS) in the second quarter (Q2) of 2021. Buoyed by the hard market and rebounding economy, they grew by 7.1%, surpassing their previous high of 6.9% organic growth in Q2 2013.

 

OSHA Updates Guidance for Unvaccinated & Other At-Risk Workers

The Occupational Safety and Health Administration (OSHA) has updated guidance for COIVD-19 safety measures for higher-risk industries with workplaces that have mixed vaccination-status employees.

 

Is There 'Economic Racism' In Insurance?

The National Association of Insurance Commissioners (NAIC) will be launching an extensive investigation into the underlying causes of racial discrimination in the insurance industry – but consumer advocates and activists believe that the nongovernmental body could do more to address the issue.

 

Tesla Hit by Probe After Autonomous Car Crashes

The National Highway Traffic Safety Administration (NHTSA) has announced an investigation into Tesla's Autopilot autonomous vehicle technology after a number of Tesla cars were involved in crashes.

 

Rules of the Road: Insurance & the Future Sharing Economy

For at least a decade now, the so-called peer-to-peer (p2p) or sharing economy has evolved ingenious ways of connecting people who have stuff they want to monetize with people who could use that stuff — from pools and parking spaces to replacement relatives (really) and pets.

 

FEMA Overhauls the NFIP, Accounts for Climate Change

Starting on Oct. 1, NFIP will undergo a complete overhaul to make insurance pricing more accurately reflect each property's unique flood risk. Finally, climate change will be factored in.

 

Ratings Changes for P/C Insurers Up Moderately, Says AM Best

The number of credit rating upgrades and downgrades in the U.S. property/casualty (P/C) insurance industry increased in the first half of 2021 moderately over the same prior-year period, according to an AM Best special report.

 

Connecticut Insurance Department Releases National Survey on Climate Risk

Connecticut is continuing to engage with the insurance industry on climate change and its implications with its latest release of a national survey on climate risk in the insurance industry.​

Legalized Cannabis: Should Professionals Still Beware?

The conflict between state and federal laws regarding marijuana remains a persistent source of confusion, not only for the marijuana industry but also for the professionals upon which the industry relies for everything from legal and accounting support to insurance/risk management and security needs.


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