In late October 2019, the Federal Reserve announced they would lower the Federal Funds Interest Rate by a quarter of a percent. This was the third such decrease of the year. What impact does this have on the commercial property & casualty insurance market and the annual premium paid by a business? In general, when interest rate falls, insurance premiums tend to rise. The rationale behind this is tied into the two ways that commercial insurance companies typically generate revenue; Underwriting Operations and Investment Activities.
As we near the end of 2024, it’s crucial for employers to reflect on the key 2024 employment law trends that shaped the year. Significant updates at both federal and state levels make it essential to stay informed and proactive. Here’s an overview of the most impactful changes and how they may affect the employee benefit landscape moving forward, emphasizing the need for a more adaptable and inclusive approach to benefits as employers respond to evolving regulations and workforce needs.
Workplace substance abuse is a growing concern across many industries. Supervisors, in particular, are on the front lines when it comes to identifying potential problems and ensuring that safety and productivity are maintained. Recognizing the signs and symptoms of drug or alcohol use is crucial for taking the right action before an issue escalates.
DSP is pleased to announce that our very own Bryan Adams has been appointed to the Board of Directors of the Chicago ASA. We are proud to be part of ASA’s mission in supporting the Chicagoland construction industry.
As cyber attacks become more and more common, protecting your data is increasingly difficult. In fact, a study from Juniper Research found that by 2023, cyber criminals are expected to steal an estimated 33 billion records.
The chill of winter is setting in, and with it comes the risk of icy roads and unexpected roadside emergencies. Imagine you’re driving on a snowy day, and suddenly you spin out of control and hit a snow embankment—having the right winter car safety tips and items could make all the difference. Would you have everything you need to stay safe while waiting for help? Winter weather can be unpredictable, and even a small flurry could leave several inches of snow on the ground. Preparing for cold weather emergencies is essential to stay safe during the winter months. Below is a list of essential items for winter car safety and how they can help you stay prepared.
When you think of pollution, images of oil spills and toxic waste dumps may come to mind. However, pollution risks extend far beyond these headline-grabbing disasters, quietly lurking in the everyday operations of nearly every business. From construction sites to commercial enterprises, pollution risk management is crucial to prevent environmental exposure that can lead to significant financial losses. Every year, there is an estimated $1 billion of uninsured environmental losses, leaving businesses vulnerable to substantial financial burdens.
There is a lot of information going around about the COVID-19 vaccine. This article contains everything employees need to know right now.
Business owners (CEO), finance/risk managers (CFO), and operations teams should follow the tenets Trust and Verify for cybersecurity. Trust and verify has been a standard for accounting and auditing firms for decades. Trust and verify is also a standard for governance risk and compliance teams.