NFP, an Aon company reposted this
Happy Fourth of July! In addition to being a time to gather with family and friends, enjoy fireworks and eat great food, today is a reminder of the freedoms we are fortunate to have. We always have an opportunity to honor our independence with our actions. I believe we are at our best as a nation when we support and respect each other and, when we can, give more than we take. Have a wonderful and safe holiday!
📈 The demand for high net worth insurance has skyrocketed since the pandemic as consumers increasingly view luxury purchases as investments. Jeffrey Atry, CPCU, MSIM, VP of #NFP’s Private Client Group, spoke with Insurance Business America on the reasons behind this trend and how people can make informed coverage decisions for their luxury items. 🌐 Social media, rising incomes and other factors are bringing more people to luxury goods and causing price volatility in the art, secondhand luxury and other markets. Jeffrey shares that, fortunately, tailored insurance solutions (especially in catastrophe-prone regions and for closely regulated goods) can provide comprehensive coverage for collectors. 📖 Read the full piece here: https://lnkd.in/eVdyBvqD #Insurance #Jewelry #FineArt #Watches #Collectibles #Antiques #Investments #InsuranceBrokers
⚖️ Are you up to date on the major court rulings from the first half of 2024? 🔑 Key decisions across markets have significant impacts on corporations, cyber, employment practices, financial institutions and more. 🔎 Stay informed and make better decisions for the rest of the year with the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, out now: https://lnkd.in/e4pnFnFE #NFP #Insurance #TrendReport #PropertyandCasualty #Construction #LifeSciences #EmploymentLaw #ExecutiveLiability #Fiduciary #Lawyers #ProfessionalLiability #RealEstate #PrivateEquity #FinancialInstitutions #Environmental #Energy #Marine #Legal #Cyber #InsuranceBrokers
😮 Did you know more than one million US households have an RV? 🏕️ If you’re among the 11% of Americans who own a recreational vehicle, make sure it’s protected whether you’re camping by a lake or out in the woods. 👍 Good times must come with great coverage: https://lnkd.in/gikCVHUn #NFP #Insurance #RecreationalVehicles #Umbrella #RoadTrip #Adventure
🪙 How has the #FinancialInstitutions marketplace changed in 2024? The financial institutions #insurance marketplace saw more stability in the first half of this year, with the rapid rate decreases seen in 2023 starting to stabilize. 🔑 What is contributing to this stabilization, and how will factors such as continued economic tightening, concerns over the commercial real estate and auto market, increased regulatory scrutiny, more frequent consumer action and the rapid adoption of AI technology affect the financial institutions marketplace for the rest of 2024 and beyond? 🔎 Get all the latest information, trends and insights from our expert spotlight on financial institutions and across many industries in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report. 🔗 Full report out now: https://lnkd.in/e4pnFnFE #NFP #PropertyandCasualty #TrendReport #BankingIndustry #DirectorsAndOfficers #Fiduciary #Mortgages #PortfolioManagement #Bank #CreditUnions #InsurTech #Technology #Cyber #InsuranceBrokers
🚦 Is your organization ready for the second half of 2024? 👥 Our experts have analyzed trends from the first half of the year and provided insights into what’s next for property and casualty markets. 👉 Stay up to date and succeed with the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, available now: https://lnkd.in/eGkB3VKq #NFP #Insurance #TrendReport #PropertyandCasualty #Construction #LifeSciences #EmploymentLaw #ExecutiveLiability #Fiduciary #Lawyers #ProfessionalLiability #RealEstate #PrivateEquity #FinancialInstitutions #Environmental #Energy #Marine #Legal #Cyber #InsuranceBrokers
💊 The #PharmacyBenefits landscape continues to evolve — make sure your strategy is keeping up! 🔗 Download the 2024 NFP US Pharmacy Benefits Trend Report: https://lnkd.in/eSKkgipS 💉 With insights from industry experts and comprehensive data analysis, this report highlights the latest trends and strategies for optimizing your pharmacy benefits program, including the impact of GLP-1 drugs, Humira biosimilars and specialty drug management. #NFP #Insurance #EmployeeBenefits #PrescriptionDrugs #CostControl #SpecialtyDrugs #InsuranceBrokers
#Captives can be an attractive option for companies. But they’re not for everyone. 👥 Two members of our Risk and Insurance Strategy Collective (RISC) – Jonathan McKenzie and Natalie Lemery, MS, ACI – recently contributed to a Risk & Insurance piece examining companies that decided an alternative risk management structure wasn’t for them: https://lnkd.in/efD5QjZ6 🗣️ Natalie conveyed that even if a company decides against developing a captive, it can always revisit the idea down the line. “It’s common for companies to reconsider forming a captive after deciding against it. The insurance market, business environment and a company’s financial situation can change significantly over a few years, making a captive more viable or attractive at a later time.” 👏 Appreciate the coverage of the expertise within our RISC team. Thank you to Jonathan and Natalie. #NFP #Insurance #AlternativeRisk #BusinessInsurance #RiskTransfer #CommercialInsurance #RiskAssessment #InsuranceBrokers #PropertyAndCasualty #CaptiveInsurance #InsuranceIndustry
🌎 There’s a lot going on in the world of environmental insurance and Emily Bourdeau is on top of it. 🎙️ In a recent PropertyCasualty360 podcast, Emily discussed the role insurance can play in building a more sustainable planet, examining trends and themes shaping the pollution market: https://lnkd.in/ekeufK4x ❌ She is also finding that while many companies believe pollution exposures are covered by their general liability policies, they are typically not. 🔎 Emily also touched on #PFAS compounds, which the EPA recently designated as hazardous substances. Emily shared that she’s hearing from colleagues that PFAS losses will make asbestos and lead claims look small in comparison. Emily also looked ahead to future contaminant concerns and drew attention to 6PPD-quinone, a tire byproduct that can cause cancer, commenting that the market will need to figure out how to respond. 👏 Great conversation on several timely #environmental topics – thank you, Emily! #NFP #Insurance #PropertyandCasualty #Contaminants #Chemicals #Construction #Remediation #ESG #Mitigation #InsuranceIndustry #Pollution #CommercialRealEstate #IndustrialRealEstate #Pollutants #DueDiligence #Contamination #InsuranceBrokers
🗣️ Mila Araujo recently shared her perspectives on how #AI is impacting #cyber insurers and brokers: https://lnkd.in/eFK5W8N4 👥 As a contributor to Insurance Business Canada Magazine's TV Power Panel – Cyber in 2024, Mila and her fellow panelists – including Aon’s Katharine Hall – examined the effects of generative AI, touching on the regulatory landscape, exclusionary wording and top market trends. The discussion highlighted the importance of keeping cyber defenses strong as new risks and complexities emerge. 👏 Thank you to Mila, Katharine and the entire panel for sharing your insights. #NFP #Insurance #Canada #CyberSecurity #ArtificalIntelligence #CyberLiability #Malware #Privacy #CyberAttack #CyberCrime #DataSecurity #IdentifyTheft #InsuranceBrokers
🤠 Tour leaders and operators know better than anyone that great excitement comes with great liability. 🚙 From ATVs and Jeeps to snowmobiles and whitewater rafts, you constantly experience exciting, wild and dangerous adventures. 🌎 Learn how we can help ensure you’re protected while you explore everything the world has to offer: https://lnkd.in/eZcEbHkf #NFP #Insurance #Tourism #RecreationalVehicles #Adventure #PropertyAndCasualty #Hospitality #LeisureTours #InsuranceBrokers
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