Entries by Carol LaCombe

Drones, Electric Bikes, and Scooters: Is Insurance Necessary?

Recently, there has been extensive media coverage regarding notable drone activity along the East Coast. Analysts and commentators are emphasizing a notable and rapid increase in the usage of drones across various settings, which raises important conversations about safety and liability. If you’ve spent any time in urban areas recently, you may have noticed the […]

Employer of Record and Drones: Two Challenges Employers Face

As we enter 2025, two common issues have emerged that pose potential coverage problems for an organization’s financial well-being: Employer of Record Agreements and the use of drones. **EMPLOYER OF RECORD AGREEMENTS**  More U.S. companies are hiring talent from around the globe, thanks to advancements in technology that simplify communication, expand operational hours, and facilitate […]

Embracing A Digital Detox

Technology has become such an integral part of life that it may be hard to imagine functioning without it. Beyond work, people depend on technological devices for information, communication, and entertainment. However, constant attachment to these devices can have harmful effects on your mental health. To combat these issues, you may consider a digital detox. […]

5 Forces Driving Commercial Auto Costs

Over the past decade, auto insurance rates have increased steadily, well exceeding the rate of inflation over the same period. But what’s driving this upward trend? Explore factors that have significantly impacted the rates for commercial auto. Travelers 5 Forces Driving Commercial Auto Insurance Costs https://www.travelers.com/resources/business-topics/insuring/commercial-auto-risks-that-can-increase-insurance-rates Sources1 LexisNexis Risk Solutions Auto Insurance Trends Report2 Health Research Institute3 Attorney […]

Early Retirement Checklist

If you’ve ever yearned for an early retirement, you’re not alone. A small but growing contingent of working Americans have made it their mission to eliminate paycheck dependency well ahead of the traditional age of retirement. More than one-third of Gen Zers, millennials, and GenXers said they plan to retire before age 65, according to […]

Rising Cost of Homeowners Insurance

Many people can expect their homeowners insurance rates to go up this year—along with the rising cost of materials and supplies—in this economy. Several factors are behind the rising costs. Severe weather events continue to cause serious damage and costly insurance claims. The rising cost of building materials, supply chain issues and unfilled jobs are […]

Why Are Auto Insurance Rates Rising?

Increasing auto insurance premiums have been troubling for policyholders and their wallets. According to statistics released in May 2023 by the U.S. Department of Labor, auto insurance premiums increased 17.1% in the previous 12 months. Although the cost of insurance may change each year for various reasons, this infographic can help shed light on current […]

Commercial Property: Forces Driving Increases

The commercial property insurance market continues to be challenging, with several factors contributing to premium increases for commercial property coverage: 1. Catastrophe losses Hurricanes, floods, wildfires, tornadoes, and winter storms are occurring more frequently and with greater severity, causing annual insured losses of more than $100 billion globally in the last four years. In 2023, […]

Surviving the Summer Heat

Summer brings longer days and plenty of sunshine, but with it comes the challenge of staying cool amidst soaring temperatures. The sweltering summer heat can lead to various heat-related illnesses, some of which can be serious if not addressed promptly. This article explores common heat-related illnesses and offers tips for preventing them. Heat Syncope Heat […]

Mitigating the Financial Risks of a Forced Retirement

An early retirement is a celebratory event when it happens according to your timeline. But it can also be a financial wrecking ball when you’re forced to retire prematurely — something many Americans experienced during the COVID-19 pandemic. Indeed, more than 3 million additional workers in the U.S. retired during the pandemic than is typical, […]