Author: completebodyneeds

Emerging risks rarely arrive fully formed. They evolve at the edges of innovation, where opportunity and uncertainty intersect. Advances in areas like quantum computing, AI infrastructure, and treatment therapy are reshaping industries with remarkable speed, but they are also introducing new and often underappreciated exposures. For insurers, the challenge is not simply to track these developments but to understand how they may translate into real-world risks across operations, liability, and systemic disruption. A Coming Quantum Leap? While much of the world appears focused on AI, another potentially revolutionary technological innovation is hovering just over the horizon: quantum computing. Unlike traditional…

ACV Impacts “We’re really starting to see increased usage across the board of those ACV (actual cash value)-only loss provisions and loss settlements and endorsements than we have in the past. That wind and hail deductible is consistently, almost always …

On August 29, 2005, Hurricane Katrina made landfall near Buras-Triumph, Louisiana, as a Category 3 hurricane with sustained winds of 125 mph. It had previously reached Category 5 intensity over the Gulf of Mexico, peaking at 175 mph, before weakening prior to landfall. Katrina generated a storm surge over six meters high along parts of the Mississippi coast, overtopping and breaching levee systems in New Orleans. In total, there were over 1,800 fatalities, more than 200,000 homes destroyed, and around 1.2 million people displaced. Economic losses exceeded $250 billion (inflation adjusted to 2025 values), while insured losses reached around $100…

By Chad Hemenway The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53–the first time over 50 since the ransomware spike seen during the COVID pandemic. In the meantime, third-party claims are rising, and total premium was basically flat after considering that a perceived increase in 2025 was caused by insurer Beazley’s move of a block of business from an offshore entity to the U.S. Chubb occupies the top spot among largest…

By Chad Hemenway Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm’s latest Corporate Risk Radar, 86% of leaders–CEOs, CFOs, COOs, general counsel, and board members–rate technological risk as “high impact.” This is up from 46% just last year, marking the largest year-on-year increase of any category in the research. “All businesses are trying to adapt to artificial intelligence (AI) as quickly as they can, but the speed at which it changes makes that a big challenge,” said Tim Crockford,…

Independent agencies have no shortage of AI-powered solutions to choose from. Tools that can reduce manual work, improve speed, and support better decision-making are everywhere in today’s market. Many well-intentioned leaders manage AI rollouts as discovery processes. By providing real use cases, training, and promises of improved efficiency, they expect employees to learn and embrace new technologies on their own. Successful adoption doesn’t happen that way. It requires a clear, structured approach, defined before anyone introduces the technology. Where AI adoption breaks down in insurance agencies. In Vertafore’s recent trends report, agency employees reported being less certain than leaders about…

Technology has revolutionized job searching. Not long ago, we relied on newspaper ads and faxed resumes. Now, we have one-click applications everywhere online. This convenience benefits both job seekers and employers but can also be distracting. Managing a flood of applications is overwhelming. It’s easy for job seekers to forget where they applied. The information overload makes navigating HR systems and building a useful database challenging. Despite this easy-application era, insurance agencies still struggle to find and engage quality candidates, which means you shouldn’t fall into the trap of relying on technology to lead your hiring process. Here are ways…

A California driver was sentenced for filing a fraudulent insurance claim after dashcam footage showed him involved in a road rage incident that caused the accident. Kenneth Pham Tran, 54, of San Jose, was sentenced after dashcam footage showed him initiating a road rage incident, which resulted in him being rear-ended by a semi-truck. Tran attempted to profit from the accident that he caused by filing an insurance claim to collect an undeserved payout, according to the California Department of Insurance. An investigation into the incident was launched after a referral from San Jose CHP, which first investigated the collision…

New small business owners are more likely to have proper business insurance than those that have been operating longer. Even so, a majority of small businesses remain underinsured. That’s according to a new survey by ERGO NEXT which found that 82% of new businesses with less than one year in operation have insurance, while only 67% of businesses with one to five years in operation have insurance. Perhaps a more important statistic for agents and brokers to consider is that 73% of small businesses could be underinsured for the actual risks they face today. The study found that a quarter…

The cyclosporiasis outbreak that’s sickened thousands of people in the US is spreading further, as federal health officials linked four more states to tainted iceberg lettuce imported from Mexico. The US Centers for Disease Control and Prevention tied Illinois, Kansas, Oklahoma and Pennsylvania to the surge in cases that originally emerged in Michigan, it said on Friday. The CDC linked nearly 2,000 cases in nine states to the lettuce, including Indiana, Kentucky, Ohio and West Virginia, with thousands more people reporting infections to their local health departments. US authorities previously tied the illnesses in the Midwest to lettuce supplied by…