6 Property Risk & Insurance Trends

| February 14, 2018

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According to NOAA, in 2017, the US saw 16 weather events with losses exceeding $1 billion and a cumulative cost greater than $300 billion. This put a stop to the five-year trend of falling prices and a softening market. Premiums are expected to rise for most, and more in disaster prone or impacted areas. Overall, a build up of surplus may keep this more stable than one would expect.

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Cypress Benefit Administrators

Maximizing Employee Benefit, Savings A 2013 Business of the Year, Cypress Benefit Administrators specializes in self-funded employee benefit plans for companies across the U.S. ranging from 50 employees to thousands of employees. We offer a one-of-a-kind suite of employee benefits with The Cypress Solution – a comprehensive approach to health benefits management.

OTHER ARTICLES

7 Business Models of the Future for Insurers

Article | March 18, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. As we enter a new decade, the industry must reflect the reality of the needs of today’s businesses and society. Large commercial insurers and reinsurers, in particular, have an increasingly urgent imperative to realign their organizations and modify their offerings to include stronger preventive services against new and evolving threats, including climate change and cyber risk. There is a huge opportunity. Our latest NextWave Insurance report reveals that, should the industry act now, an unprecedented growth and profitability spike is within reach. By 2030, we project that large commercial insurers and reinsurers could experience:

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Is Your Small Business Protected by Cyber Insurance?

Article | March 6, 2020

The expenses resulting from a data breach can be staggering. A cyber insurance policy can help you recover without putting your business at financial risk. Cyber insurance can help small businesses recover from a data breach – but finding the right policy for your business can be challenging. These tips will help you find the right cyber insurance policy.

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Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure?

Article | April 8, 2020

The COVID-19 coronavirus emergency has everyone scared, and many are imagining the worst. For business owners and managers, there is a fear that what you, your employees, and your customers or clients have built will be lost – through no fault of your own. And we don’t know how long the financial impact of the pandemic will continue.

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Best Business Insurance for 2020

Article | February 26, 2020

Hopefully, you’ll never have to use your business insurance. But just like car insurance or health insurance, protecting your business from unexpected situations is crucial. However, 44% of small business owners don’t have insurance. This statistic is shocking. If you’re uninsured or underinsured, your company could potentially go bankrupt if something goes wrong, and you’re forced to pay out of pocket.

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Spotlight

Cypress Benefit Administrators

Maximizing Employee Benefit, Savings A 2013 Business of the Year, Cypress Benefit Administrators specializes in self-funded employee benefit plans for companies across the U.S. ranging from 50 employees to thousands of employees. We offer a one-of-a-kind suite of employee benefits with The Cypress Solution – a comprehensive approach to health benefits management.

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