THE HARD TRUTH When Mother Nature Strikes Your Insurance Carriers’ Bottom Line 2022 is yet another year that has been shaped by the destruction of natural disasters — what were once outlier weather events have become the new norm. To top that off, it’s been another year characterized by a challenging economic environment — high […]

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Businesses throughout the rapidly growing Central Texas area have a new “dream team” of insurance professionals for their property and casualty insurance and employee benefits needs. The team – whose leaders bring together nearly 100 years of combined experience – have formed the new San Antonio office for Insgroup, a Baldwin Risk Partner. For property […]

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Hurricane season is upon us, and it is imperative you take the proper steps to protect your business. As your partner in Risk Management, Insgroup is here to assist you throughout all seasons. Below is our comprehensive guide on all things hurricane preparation. Please take a moment to read through our tips on how to […]

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(#1) ACA Reporting Deadlines and Proposed Rule The Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2021 calendar year is due in early 2022. Specifically, reporting entities must: Furnish statements to individuals by March 2, 2022; and File returns with the IRS by February 28, 2022 (or March 31, 2022, […]

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We are beyond excited to welcome Ryan Smith to the Insgroup family! Joining us as a Managing Director, Ryan oversees the development of the firm’s annual and long-term business development and sales enablement plans for the southwest region of the United States. He was drawn to Insgroup because of the true team environment and the […]

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Due to the increased use of technology ransomware attacks have steadily been on the rise. The attacks can compromise your device or server and they will request a large payment to be sent to them before they will restore your device or server. They will hold your data for ransom at an average of $1 […]

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NOAA released a statement on May 20, 2021, saying its forecasters are calling for another above-normal 2021 Atlantic hurricane season. The outlook also indicates a 30% chance of a near-normal season and a 10% chance of a below-normal season. After 2020’s record-breaking hurricane season Insgroup and other (re)insurers are preparing to absorb potentially substantial losses.   In 2020, economic losses […]

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Below are 6 tips for mitigating a cyberattack that will get carriers to take notice whenyour cyber liability policy is up for renewal. Strong Overall IT Security Posture, Procedures, and Response CapabilitiesCarriers are reviewing all of the above against their other insureds (industry agnostic) to ensure best practices are beingmaintained. A key focus is placed […]

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WHAT SHOULD YOU LOOK FOR IN A CYBER POLICY? Access to a 24/7 breach hotline Incident response costs, such as computer forensic services, legal counsel and customer notification and call center services The cost of recovering or replacing lost or stolen data Income loss due to business interruption following a cyber incident Cybercrime—i.e electronic funds […]

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WHO IS AT RISK? Successful individuals face a host of exposures in their daily lives, many of which can be addressed by transferring them to an insurance company. We often think of these exposures as coming from the most obvious causes of loss, such as fire or water damage to tangible property, liability cases stemming […]

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