Commercial P/C Market Index Year in Review: 2022

Nina ConnerInsurance

By Zach West for Leader’s Edge Premium pricing increases slowed; most lines saw some relief. Premium pricing stabilized slightly in 2022, with slower increases for most lines compared to 2020 and 2021. The majority of lines recorded lower average increases at the end of 2022 compared to the beginning of the year. Workers compensation was the only line that saw a decrease in 2022, with premiums, ending the year at -0.7%. Despite the slowing of increases, respondents were clear that market conditions were still challenging in 2022, pointing to tight underwriting, increased scrutiny, and decreased carrier appetite. Read full article here>>>

We now accept credit card payments!

Nina ConnerUncategorized

For your ease and convenience, Murray now offers credit card payments for your policy invoice! Please click on the link below to make your payment. Contact us at 717.397.9600 with any questions. Thank you!

Managing the Numbers: A Look Inside TRIR, DART, and Experience Modification Factors

Nina ConnerEnergy

By Tara Crisp for AssuredPartners Oil and gas contractors often secure and maintain work based on their Total Recordable Incident Rate, TRIR, and/or Experience Modification Factor. If either of those numbers goes above a 1.0, then a contractor may not be allowed to continue to perform work for an operator. Understanding how to manage your TRIR, DART and experience modification factor can be a useful tool in maintaining your current and future business operations. The TRIR is intended to assist employers to understand how they, the safety team, and the company is performing on at least one dimension of safety. Because incidents capture and cover such a large part of the safety spectrum, it is one of the most common …

2023 Construction Conference Guide

Nina ConnerConstruction

By Sarah Licata for AssuredPartners With an ever-changing landscape facing the construction industry, keeping up to date by getting advice from industry experts makes navigating the challenges that come your way a little easier. Our construction and surety experts often attend conventions and other industry events to get the latest information on what is happening so that they can best serve you. Interested in possibly attending an event in 2023? Check out the list below for some options to get you started on finding the best event for you. Please Note:  Check conference websites linked below for more information and the most current schedule. The Associated General Contractors of America Convention When: March 13-16 Where: Las Vegas, NV About: “Experience …

A Modern Approach to Security Deposits

Nina ConnerBusiness Insurance, Insurance

By Nate Bunty for Murray Housing affordability is one of the hottest current economic topics. Housing stock is down while rents and interest rates are up, and inflation is at its highest in a generation. Existing home sales, new construction, and the rental market are all feeling the effects. For property managers and landlords, this environment requires new creative solutions to address affordability issues; legacy systems need to be rethought and retooled. Emerging alternatives to the traditional security deposit are making renting more attainable while protecting the interests of property owners. Creative Solutions to an Evolving Proble A few enterprising companies have developed alternatives to traditional security deposits that eliminate hassle for landlords or property managers and make newer, better …