Authored by Sara Weathers It is officially hurricane season in the Atlantic, and the time to prepare for a possible hurricane is now. According to a recent Business Insurance Magazine article, more than 33 million U.S. properties are at risk of hurricane damage for the 2023 Atlantic hurricane season. When preparing for hurricane season, there are a few ba...

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Authored by Sara Weathers Every business owner needs to have insurance to protect themselves from risk. Finding the right insurance policies for your law firm is essential but can be hard to do. Below are some tips for buying policies for your firm.     Know the Types of Insurance Available to You Knowing the types of insurance available to your firm is...

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Authored by Sara Weathers The United States experiences more weather disasters than the rest of the world, and its geography is one of the biggest reasons. With two oceans and varying climates, the US frequently has clashing storm fronts that produce more severe weather, according to a recent Insurance Journal article. Combined with climate change and whe...

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Authored by Sara Weathers Insurance companies have reached the maturity stage when it comes to cyber insurance. According to a recent Insurance Business Magazine article, they can now build in protections against threats such as ransomware and data privacy violations. While prices may still fluctuate for cyber insurance, companies now have a better unders...

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Authored by Sara Weathers Colorado State University’s hurricane research team has released its early predictions for the 2023 Atlantic hurricane season. It is expected to be slightly below average in terms of activity. CSU’s Tropical Meteorology Project team has predicted that there will be 13 named storms during hurricane season, which runs from June 1 t...

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Authored by Sara Weathers A new study from Marsh Limited, a leading broker of risk and insurance services, shows that having cybersecurity measures in place can reduce the number of cyber incidents that your business experiences. Many businesses use multifactor authorization for their associates, but there are other cybersecurity measures that can be put...

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Authored by Sara Weathers The AdvoCap Insurance Agency, Inc. team is headed to New Orleans, LA, for PILMMA Super Summit to be held May 16-18, at the Ritz Carlton. You may also run into our friends with Advocate Capital, Inc. Stop by the AdvoCap booth #7 and say hello. While you are there, you should enter to win a Nespresso machine. We look forward to a g...

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Authored by Sara Weathers According to an article from Business Insurance Magazine, commercial property rates are on the rise. Most commercial insurance rates rose in February, but commercial property insurance showed the largest average increase. Commercial property rates increased to 8.86% in February, compared to 8.67% in January. This is based on the...

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Authored by Sara Weathers Due to the current levels of risk, flood risk management is under strain, according to a recent Insurance Business Magazine article. The global flood risk is expected to continue to increase in the future. There are multiple factors that are creating a heightened risk of flooding, with climate change being one of the main ones. A...

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Authored by Sara Weathers According to a recent Insurance Journal article, U.S. commercial insurance rates grew during the fourth quarter of 2022 by 4.8%. This was down from 5.2% in quarter 3 of 2022. While rates still showed an increase, the director of Insurance Consulting and Technology, Yi Jing, said the market is starting to show a stabilization tren...

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