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Each year, construction companies face a growing challenge: equipment theft. Shockingly, only about 21% of stolen construction gear is ever recovered. While small tools and generators often disappear first, losing something big like an excavator or skid steer can shake a project—and the company’s finances—hard. Jim Johnson, a loss control specialist at Central Insurance, says … Read more

Cyber insurance is growing fast as insurers face big risks and changing threats. A recent report from Risk Placement Services (RPS) shows that new players like insurtech companies and managing general agents (MGAs) are adding more capacity to the market. At the same time, some established insurers are easing their rules to keep their customers. … Read more

The recent US government shutdown has caused major disruptions in the airline industry, raising worries about a rise in workers’ compensation claims among aviation employees. The shutdown, which began on October 1 and lasted until November 13, led to significant staffing shortages, especially among air traffic controllers. The Federal Aviation Administration (FAA) warned that air … Read more

Last week, AC/DC’s concert at Melbourne’s iconic MCG made a big impact—not just with their music but in a surprising way. The band’s intense performance, led by frontman Brian Johnson, 78, and guitarist Angus Young, 70, was so powerful it set off earthquake sensors nearby. This shows just how huge and energetic modern stadium tours … Read more

The construction industry has long been seen as a male-dominated field, but a new program is working to change that. The Women in Construction (WIC) initiative is supporting gender equality and leadership growth while building a genuine community for women in the sector. This effort started small but has grown into a strong platform that … Read more

On July 4, a deadly flood swept through Kerr County, Texas, tragically killing 27 people—most of them children—at Camp Mystic, an all-girls Christian summer camp. The flood struck while many campers were asleep in cabins located in a high-risk floodway along the Guadalupe River. This disaster has brought attention to the dangers facing summer camps … Read more

Permit delays can throw a wrench in any construction project. Whether it’s due to slow responses from local authorities, missing paperwork, or changes in design, these delays can disrupt schedules and increase costs. Shawn Gentry, a senior loss control construction manager at Central Insurance, says how contractors respond to these delays is what really matters. … Read more

This spring, water levels in the main reservoir supplying Rapid City dropped so low that city officials had to start water-use restrictions much earlier than usual. The low water and ongoing drought conditions forced the state to delay putting in public boat docks at the reservoir in Pennington County. While rains in July and August … Read more

The property insurance market is starting to show signs of easing after several tough years. While the market still holds onto some strict rules set during the hard times, there are clear signs that things are beginning to soften. Travis Hodges, managing director at VIU by HUB, shared his thoughts on the changes with Insurance … Read more

The insurance merger and acquisition scene is shifting in a big way. Carriers, brokers, and investors are having to rethink their plans as the market changes. David Hitsky, a partner at L.E.K. Consulting and head of its insurance practice, says these shifts come from economic pressures and bigger industry changes that will carry on into … Read more