Preparing for the unexpected: risks that weren’t on the radar five years ago
Five years ago, many businesses in New York focused primarily on “traditional” risks: fires, theft, customer injuries, or workplace accidents. Today, that risk landscape has changed significantly. The operating environment is more complex and less predictable, and events that once seemed exceptional now occur with increasing frequency. Extreme weather, supply chain disruptions, technological dependence, and […]
How community resilience influences insurance costs
In recent years, natural disasters such as floods, hurricanes, and severe storms have shown that prevention not only saves lives but also reduces the financial toll of catastrophic events. As a result, insurance companies are paying closer attention to a key concept: community resilience. This term refers to a community’s ability to anticipate, withstand, and […]
I have a dog, and canine liability is an exclusión in my homeowner policy. What can I do to protect my assets, if my pet bites somebody?
Owning a dog is a big responsibility, and it goes beyond daily care. In New York City and throughout the United States, dog owners are legally responsible for any harm their pets cause to other people or property. A single bite or accident can result in significant medical bills, lawsuits, and legal expenses. The best […]
Trends in electric vehicle insurance: challenges and opportunities
The electric vehicle (EV) revolution is not only transforming the automotive industry, but also reshaping the landscape of insurance. In the United States, EV sales surpassed one million units for the first time in 2023, and in cities like New York, incentive programs continue to fuel adoption. More people are choosing electric cars for environmental, […]
Insurance trends for 2025: A Rocky Road Ahead
The insurance industry is undergoing significant changes due to factors such as inflation, increased natural disasters, digitalization, and evolving regulations. In 2025, these transformations will continue to impact both insurers and policyholders, who must adapt to new dynamics in coverage, pricing, and policy availability. In this article, we explore the key insurance trends for 2025, […]
Annual insurance review: why it’s important to update your policies regularly?
Life circumstances and the business environment are constantly changing. What was adequate coverage a year ago may no longer be enough today. For this reason, conducting an annual review of your insurance policies is essential to ensure you maintain proper protection. Below, we explain why this practice is crucial and what aspects you should consider. […]
Navigating the treacherous market landscape
The insurance market is facing unprecedented challenges. Factors such as an increase in natural disasters, rising reinsurance costs, and economic uncertainty have created a “hard market,” characterized by higher premiums, limited coverage options, and greater pressure on both insurers and policyholders. In this context, it’s crucial for clients to make strategic decisions to protect their […]
Protecting business and personal assets: essential insurance coverage you need to know
Protecting assets is crucial for both business owners and individuals. Having the right insurance coverage helps mitigate risks and prevent significant losses. Here, we present an overview of various types of commercial and personal insurance that can provide an extra layer of protection. 1. Commercial insurance General liability insuranceThis type of insurance covers third-party damages […]
Climate resilience: measures by the New York Governor’s Office in response to increasing natural disasters
In response to growing climate challenges, the state of New York, under Governor Kathy Hochul, has announced a significant investment of nearly $300 million to enhance climate resilience. This investment, revealed during a speech at the Vatican, is allocated to various initiatives including water quality improvement projects, climate-smart community programs, and the revitalization of coastal […]
The hard market in insurance and the impact of climate change
In recent years, the insurance market has faced increasing challenges due to the escalating impacts of climate change. Events such as the recent storm in Texas highlight the severity and unpredictability of weather-related disasters, which are becoming more frequent and intense due to global warming. This situation has created significant difficulties for both insurers and […]