Inflation and the Commercial Insurance Market
Over the past year, inflation has become a growing concern. Inflation issues have largely resulted from a culmination of labor and supply trends brought on by the COVID-19 pandemic, and they are clearly reflected within the country’s rising Consumer Price Index (CPI). According to the latest data from the Bureau of Labor Statistics (BLS), the CPI for all urban consumers surged by 7.9% in the last twelve months—representing the largest increase over this amount of time since 1982. Inflation issues could create a number of challenges in the commercial insurance market, affecting both insurers and their policyholders. With this in mind,...
Keeping Your Home Protected During Vacation
When you and your family are preparing to leave for a vacation, it’s easy to overlook basic home safety precautions. After all, there are a number of risks that could affect your home while you’re away—including fires, theft and flooding. In order to keep your property safe while you’re on vacation, consider the following guidance. Unplug small appliances and electronic devices. Stop the newspaper and mail. To do this online, visit the U.S. Postal Service’s website. Lock all windows and doors. Arrange to have your lawn mowed or snow shoveled while you’re away. Have a neighbor keep an eye on...
Christine Ruth Earns Designation
(West Chester, PA – May 2022) Arthur Hall Insurance congratulates Personal Lines Service Representative, Christine A. Ruth, on successfully completing the professional Certified Insurance Service Representative (CISR) designation. The CISR designation is recognized throughout the industry as a standard of achievement and ongoing professionalism. Certified Insurance Service Representatives are required to successfully complete five courses and examinations in the areas of personal and commercial insurance and agency operations. They must also commit to annual continuing education to update their designation and knowledge in order to serve their clients, agencies, and companies at the highest level. This achievement is the culmination of countless...
Business Email Compromise
Cybercriminals continue to become more sophisticated, leveraging a wide range of tactics in order to attack their victims. One tactic that has increased in frequency, complexity and resulting losses over the past few years is the use of business email compromise (BEC) scams. Put simply, a BEC scam entails a cybercriminal impersonating a seemingly legitimate source—such as a senior-level employee, supplier, vendor, business partner or other organization—via email. The cybercriminal uses these emails to gain the trust of their target, thus tricking the victim into believing they are communicating with a genuine sender. From there, the cybercriminal convinces their target to...