Safety Tips for Exercising Outdoors and Brain Health

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Woman exercising outdoors

As we move into summer, many will want to exercise outdoors to stay active and get some fresh air. That’s great news, as health experts recommend at least 150 minutes of moderate aerobic activity each week. Also, moving your exercising outdoors can boost your mood and improve your concentration.

The U.S. Bureau of Labor Statistics reports that walking is the most popular type of exercise

Trails, exercise parks, sports fields and stairs provide endless opportunities to switch up your workout. However, working out in hot and humid weather can put extra stress on your body, so consider the following tips to safely exercise outdoors:

  • Avoid the hottest part of the day. If possible, plan your workout before 10 a.m. or after 3 p.m. to dodge strong sun rays.
  • Wear light-colored clothing. Dark colors absorb the heat, while light colors reflect the sun. Lightweight, loose-fitting clothing will help air circulate and keep you cool.
  • Apply sunscreen. Choose a broad-spectrum sunscreen that’s at least 30 SPF. Reapply every two hours, even if the label says it’s sweatproof. Wearing a wide-brimmed hat can also protect your face from the sun.
  • Stay hydrated with water. Drink water before you head out and try to take sips every 15 minutes during your workout—whether you’re thirsty or not.
  • Replenish your electrolytes. Instead of reaching for a sports drink after a workout, consider replacing your electrolytes with foods like chia seeds, kale, coconut, or fruits and vegetables.
  • Listen to your body. If you’re feeling dizzy, faint or nauseous, stop exercising immediately. Sit in the shade and drink water until you’re feeling better.

How Nutrition Impact the Brain

Nutrition plays a critical role in brain function, as the brain is one of the most metabolically active organs in the body. The brain requires a constant supply of nutrients to maintain its structural and functional integrity, and a deficiency in any of these nutrients can significantly impact brain health.

Certain nutrients have been shown to have a positive impact on brain function. For example, omega-3 fatty acids found in fatty fish (e.g., salmon and tuna), nuts and seeds have been shown to improve cognitive function, memory and mood. The B vitamins in leafy greens, legumes and whole grains are important for producing neurotransmitters that regulate mood and behavior. Antioxidants, which are found in colorful fruits and vegetables, protect the brain from oxidative stress and inflammation. Overall, a well-balanced diet rich in nutrients and low in processed foods and sugar is essential for optimal brain health and function.


Talk to your doctor if you have questions about brain health.

Cybercriminals and Artificial Intelligence

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Cybercrime Hand holding Artificial intelligence sign

The past few years have seen artificial intelligence (AI) surge in popularity among both businesses and individuals. Such technology encompasses machines, computer systems and other devices that can simulate human intelligence processes. In other words, this technology can perform a variety of cognitive functions typically associated with the human mind, such as observing, learning, reasoning, interacting with its surroundings, problem-solving and engaging in creative activities.
Applications of AI technology are widespread, but some of the most common include computer vision solutions (e.g., drones), natural language processing systems (e.g., chatbots), and predictive and prescriptive analytics engines (e.g., mobile applications). While this technology can certainly offer benefits in the realm of cybersecurity—streamlining threat detection capabilities, analyzing vast amounts of data and automating incident response protocols—it also has the potential to be weaponized by cybercriminals. In particular, cybercriminals have begun leveraging AI technology to seek out their targets more easily, launch attacks at greater speeds and in larger volumes, and wreak further havoc amid these attacks.

As such, it’s crucial for businesses to understand the cyber risks associated with this technology and implement strategies to minimize these concerns. This article outlines ways cybercriminals can utilize AI technology and provides best practices to help businesses safeguard themselves against such weaponization.

Ways Cybercriminals Can Leverage AI Technology

AI technology can help cybercriminals conduct a range of damaging activities, including the following:

  • Creating and distributing malware—In the past, only the most sophisticated cybercriminals were capable of writing harmful code and deploying malware attacks. However, AI chatbots are now able to generate illicit code in a matter of seconds, permitting cybercriminals with varying levels of technical expertise to launch malware attacks with ease. Although current AI technology writes more basic (and often bug-ridden) code, its capabilities will likely continue to advance over time, thus posing more substantial cyberthreats. In addition to writing harmful code, some AI tools can also generate deceptive YouTube videos claiming to be tutorials on how to download certain versions of popular software (e.g., Adobe and Autodesk products) and distribute malware to targets’ devices when they view this content. Cybercriminals may create their own YouTube accounts to disperse these malicious videos or hack into other popular accounts to post such content. To convince targets of these videos’ authenticity, cybercriminals may further utilize AI technology to add fake likes and comments.
  • Cracking credentials—Many cybercriminals rely on brute-force techniques to reveal targets’ passwords and steal their credentials to then utilize their accounts for fraudulent purposes. Yet, these techniques may vary in effectiveness and efficiency. By leveraging AI technology, cybercriminals can bolster their password-cracking success rates, uncovering targets’ credentials at record speeds. In fact, a recent cybersecurity report found that some AI tools are capable of cracking more than half (51%) of common passwords in under a minute and over two-thirds (71%) of such credentials in less than a day.
  • Deploying social engineering scams—Social engineering consists of cybercriminals using fraudulent forms of communication (e.g., emails, texts and phone calls) to trick targets into unknowingly sharing sensitive information or downloading harmful software. It repeatedly reigns as one of the most prevalent cyberattack methods. Unfortunately, AI technology could cause these scams to become increasingly common by giving cybercriminals the ability to formulate persuasive phishing messages with minimal effort. It could also clean up grammar and spelling errors in human-produced copy to make it appear more convincing. According to the latest research from international cybersecurity company Darktrace, social engineering scams involving sophisticated linguistic techniques have already risen by 135%, suggesting an increase in AI-generated communications.
  • Identifying digital vulnerabilities—When hacking into targets’ networks or systems, cybercriminals usually look for software vulnerabilities they can exploit, such as unpatched code or outdated security programs. While various tools can help identify these vulnerabilities, AI technology could permit cybercriminals to detect a wider range of software flaws, therefore providing additional avenues and entry points for launching attacks.
  • Reviewing stolen data—Upon stealing sensitive information and confidential records from targets, cybercriminals generally have to sift through this data to determine their next steps—whether it’s selling this information on the dark web, posting it publicly or demanding a ransom payment in exchange for restoration. This can be a tedious process, especially with larger databases. With AI technology, cybercriminals can analyze this data much faster, allowing them to make quick decisions and speed up the total time it takes to execute their attacks. In turn, targets will have less time to identify and defend against such attacks.

Tips to Protect Against Weaponized AI Technology

Businesses should consider the following measures to mitigate their risk of experiencing cyberattacks and related losses from weaponized AI technology:

  • Uphold proper cyber hygiene. Such hygiene refers to habitual practices that promote the safe handling of critical workplace information and connected devices. These practices can help keep networks and data protected from various AI-driven cyberthreats. Here are some key components of cyber hygiene for businesses to keep in mind:
    • Requiring employees to use strong passwords (those containing at least 12 characters and a mix of uppercase and lowercase letters, symbols and numbers) and leverage multifactor authentication across workplace accounts
    • Backing up essential business data in a separate and secure location (e.g., an external hard drive or the cloud) on a regular basis
    • Equipping workplace networks and systems with firewalls, antivirus programs and other security software
    • Providing employees with routine cybersecurity training to educate them on the latest digital exposures, attack prevention measures and response protocols
  • Engage in network monitoring. This form of monitoring pertains to businesses utilizing automated threat detection technology to continuously scan their digital ecosystems for possible weaknesses or suspicious activities. Such technology typically sends alerts when security issues arise, allowing businesses to detect and respond to incidents as quickly as possible. Since time is of the essence when it comes to handling AI-related threats, network monitoring is a vital practice.
  • Have a plan. Creating cyber incident response plans can help businesses ensure they have necessary protocols in place when cyberattacks occur, thus keeping related damages at a minimum. These plans should be well-documented and practiced regularly and should address multiple cyberattack scenarios (including those stemming from AI technology).
  • Purchase coverage. Lastly, it’s imperative for businesses to secure adequate insurance and financially safeguard themselves from losses that may arise from the weaponization of AI technology. It’s best for businesses to consult trusted insurance professionals to discuss specific coverage needs.

Conclusion

Looking forward, AI technology is likely to contribute to rising cyberattack frequency and severity. By staying informed on the latest AI-related developments and taking steps to protect against its weaponization, businesses can maintain secure operations and minimize associated cyberthreats. Contact us today for more risk management guidance.

This Cyber Risks & Liabilities document is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2023 Zywave, Inc. All rights reserved.

Lightning Storm Safety

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It is important to know what to do when a lightning storm is in your area, they are incredibly dangerous, with the potential to cause serious harm to you or your family. In fact, getting struck by lightning could cause severe burns, brain damage or even cardiac arrest. That’s why it’s crucial to be prepared and respond appropriately if a storm approaches your area. Here are some steps from the Centers for Disease Control and Prevention that you can take to protect yourself and your family when lightning strikes.

If you’re at home during a lightning storm

  • Make sure all windows and doors are shut.
  • Try to avoid using any plumbing features in your home (e.g., sinks or baths).
  • Don’t use any electrical equipment that plugs directly into the wall (e.g., a corded phone, computer or television).
  • Avoid resting on concrete floors or walls.

If you’re outside during a lightning storm

  • Get as close to the ground as possible without placing your hands or knees on the ground—never lay completely flat on the ground.
  • Avoid seeking shelter underneath trees.
  • Stay away from elevated areas—such as hills, cliffs or mountain ridges.
  • Get as far away from bodies of water or objects that could conduct electricity (e.g., wire fences or power lines) as possible.
  • If you are swimming, boating or fishing, seek shelter on land immediately.

If Someone Gets Struck

If someone you know is struck by lightning, contact 911 immediately. If you have the proper medical training, administer CPR to victims who do not have a pulse and treat conscious victims for burns, fractures and other wounds while you wait for help to arrive.

For more additional home safety guidance and homeowners insurance solutions, contact us today.

5 Potential Retirement Obstacles

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Whether you’ve been working hard for 30 years or are just three months into your first job, it’s always wise to plan ahead for retirement. After all, one day you will close the chapter on your career and start the next adventure. But what you get out of tomorrow depends on what you put into it today — and how you handle any bumps along the way.
So, while you’re keeping one eye on that retirement prize, make sure to keep the other on the lookout for pitfalls, like:

  1. Short-sighted savings
  2. Career interruptions
  3. Illness or injury
  4. Debt
  5. Unexpected life demands

Here’s a look at how to possibly prepare for these situations.

  1. Short-Sighted Savings -This is where proper planning plays a big part. Savings take time to grow, so you may wish to consider saving and investing early to take advantage of compound interest and long-term stock gains if the U.S. stock markets continue their historical upward trend.1 Also be sure to consider multiple avenues for your savings dollar, including:
    • 401(k) ― Employer-sponsored 401(k) plans can often be a good way to invest in your future. Many employer-sponsored plans also offer a matching contribution feature. 401(k) plans typically enable you to make contributions out of your paycheck on a pre-tax basis, so you can defer taxation on your income while growing your retirement savings on a tax-deferred basis.
    • Individual Retirement Account (IRA) ― Many smaller employers offer an IRA option, or you can open your own IRA.
    • Personal Savings ― Many banks offer automatic withdrawals from a direct deposit paycheck into a savings account. Interest rates are a lot higher now than they have been in recent years.

So how much money do you need to save for retirement? Well, the answer is different for everyone. Individual risk tolerance goes a long way in determining how — and how much — to save. Talk to a financial professional to develop a savings strategy tailored for you and your specific circumstances.

2. Career Interruptions

In today’s economy, you can never be sure of your job stability — or of your ability to quickly find a new job. That’s why many believe it’s critical to maintain an emergency fund to cover 6-12 months of living expenses like rent or mortgage and groceries.

If you withdraw money from your retirement savings, especially a qualified retirement plan, you may incur tax penalties on the withdrawals (depending on your circumstances) while also cutting into the account’s value over time.

3. Unforeseen Illness or Injury

According to the Social Security Administration, about one in four 20 year-olds working today will become disabled before they retire. It’s a startling statistic with serious consequences. If you get sick or hurt and have to go on long-term disability, your employer may have the right to terminate your position — and with it, your ability to continue contributing to your 401(k). This can potentially have a considerable impact on your retirement savings.

Many people who become too sick or hurt to work are forced to tap into their retirement savings to meet the expenses of everyday life. A disability income insurance policy not only helps replace a portion of your income when a disability occurs, but it can also be designed to help you continue saving for retirement.

4. Debt

From credit cards to home loans to paying off college education, debt has the potential to derail your retirement plans. When not properly managed, it may lead to low credit scores, depletion of your retirement savings, or even bankruptcy. Unmanaged debt may also make achieving your foundation of retirement planning more difficult and potentially more expensive. The key is to pay down debt while properly balancing it with your other financial priorities.

5. Life Events

You can save early and save often for retirement, but something may happen that puts that savings at risk. Maybe your daughter’s college scholarship falls through. Or your home value unexpectedly declines when you are ready to sell. At that point, you can either toss up your hands and say “That’s life!” (and it certainly is), or you can be thankful you prepared for this obstacle.

Consider planning for the unexpected with a life insurance policy that builds cash value. Of course, one of the most important parts of life insurance is the death benefit, which protects your loved ones by providing a financial benefit when you die. But, instead of digging into your retirement savings to pay for unforeseen expenses, you may be able to access the cash value in the life insurance policy to cover some of these costs.3 Or, later in life you may use your cash value to supplement a shortfall in your retirement income.

Taking the steps ahead of time to prepare for potential and real obstacles can help you enjoy life’s next adventure — retirement.

4 Employee Wellness Trends to Watch in 2023

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Workplace well-being transforms every day, so employee wellness initiatives will continue to grow this year. All signs indicate that employee well-being will become a primary focus for employers in 2023. And in a general sense, many organizations will have a renewed focus on employees as people. Employees want to be treated like human beings—not just resources. More than ever, workers want to feel like they belong in the workplace and feel recognized, appreciated and safe. Correspondingly, when employees’ well-being is thriving, they often take fewer sick days, increase their job performance, manage stress better and experience less burnout, all of which directly impact organizations. Thus, employers can yield positive benefits by caring for their people.

Here are four popular employee wellness trends to look out for in 2023.

  • Expanded Mental Health Resources
  • Advancement of Health Equity
  • Increased Focus on Hybrid Work-life Balance
  • Expanded Financial Wellness Resources

Conclusion

All signs indicate that mental and financial wellness will become significant pain points in 2023. The pandemic further exposed health inequalities and an unattainable work-life balance for many American workers. The most robust 2023 employee wellness offerings and programs will likely be employee-centered, focusing on how to provide the most comprehensive, attainable and affordable benefits. Many employees will not only need resources for handling mental and financial challenges but also support for working in a remote or hybrid setting with blurred lines between their home and work lives. This year, employers are expected to explore programs and initiatives that ensure all employees have access to the physical, mental and financial benefits they need to address the short- and long-term impacts of the pandemic and the current economic landscape.

Organizations can start by evaluating current wellness initiatives and thinking about ways to improve them. To ensure offerings and investments will resonate with the workforce, it can be helpful to survey employees first and see what they find most valuable and necessary for their overall well-being.

Click here to read the full article

Contact Cleary Insurance, Inc. today for more wellness program ideas or ways to get started.

This article is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2023 Zywave, Inc. All rights reserved.

Inflation

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Prices are Through the Roof, Literally!

We’ve all seen the impact of inflation on energy costs, at the grocery store and now on your home and auto insurance. Although inflation seems to be settling, the impacts will be felt for years to come. With that being said, we’d like to provide you with some factors as to why you’re seeing such an impact to your home and auto insurance premiums.

  • Shortage of workers: The Home Builders Association estimates the number of hired construction workers needed to keep up with demand in 2023 will need to be 740,000, with an additional 2.2 million needed by 2024. This is also causing a spike in labor as contractors are paying more to attract talent.
  • Material costs: Costs are up 12% vs. 2022 and 40% since February 2020.
  • Safety Codes & Local Ordinance: Your homeowners policy provides coverage to bring out of date items up to code after a covered loss. Homes are rebuilt to current code to ensure the safety for you and your loved ones.
  • Loss of use: When you’re involved in a claim and unable to live in your home during construction, coverage that will pay for replacement living and rents are at an all time high.
Details of the cost of home repairs

Auto Inflation

Manufacturing time delays brought on by the pandemic have led to increased costs for parts, labor and rental vehicles. Below are a few statistics that have impacted auto premiums:

  • Technology: Cameras and sensors keep us safe and there’s an additional cost to ensure they are working properly after a collision. Some vehicles now have over 30 devices built into the car.
  • Parts: The average increase for parts was 10% in 2022, where in years past the average is typically 2 to 3%.
  • Supply Chain Issues: The delay in parts being available has increased the repair times by 5 days.
  • Replacement Vehicle Costs: Rental car costs have increased 30% since 2020.
  • Labor shortages: A decline in available skilled auto technicians has been declining and the industry is facing over 100,000 retirements in the coming years.
Factors driving auto insurance premiums

Rest assured, we’re here to provide assistance. There are opportunities for savings such as: bundling your auto and home insurance, raising your policy deductible, or capitalizing on discounts by implementing preventive measures like installing an automatic water shut-off or temperature monitoring system, to mention a few. Please contact us if you’d like to review your account further.

Why you Need Both Life and Disability Insurance

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hands protecting a family

It’s not something anyone likes to think about, but life-altering illnesses and injuries happen every day. We wouldn’t be able to get out of bed in the morning if we fixated on all the ways we could hurt ourselves.

In fact, just over one-in-four of today’s 20-year-olds will find themselves unable to work at some point during their career because of an illness or injury.1

On top of that, there are also lots of ways to die prematurely — many overlapping with ways to become injured or disabled. Any of these scenarios can have significant financial impacts on you or your family.

But there are ways to help protect against such circumstances.

To illustrate, consider the following hypothetical examples based on the experiences of real, everyday people. One illustrates how life insurance can help provide protection for your family should something unexpected happen to you. The other shows how disability income insurance can help with income needs should an illness or injury prevent you from working.

Life insurance

One ordinary day, Erica came home from work to find her husband Blake unconscious on the kitchen floor. She couldn’t wake him up. An autopsy would reveal that he’d had a brain aneurism that morning and died instantly. He was in his 40s with no health problems. He left behind two daughters and his wife — his high school sweetheart.

Fortunately, Blake had a life insurance policy to provide for his family.

Giving loved ones a way to cope with situations like Erica’s is a compelling reason to buy life insurance. Term policies are typically inexpensive, especially if you’re young and healthy.

Permanent life insurance policies are more expensive, but they provide coverage for as long as you live for a steady premium, whereas term policies typically are designed for shorter time frames. In addition, they build cash value over time, making them an option for funds in later years.

Long-term disability income insurance

A disability can affect your mind, body, or both. And it can affect your ability to earn a living: your most valuable financial asset.

Financially, a long-term disability or illness can have a greater financial impact than premature death. You still have living expenses, but you also have increased health care expenses—without any way to make money to pay for them.

Xavier was a young doctor when he learned he had a rare and aggressive form of cancer—and it was already in stage 4. He had to put his plans on hold and immediately enter treatment. Few people Xavier’s age have the foresight to purchase disability income insurance or even know it exists. But Xavier did, because a fellow doctor recommended it. Adding insult to injury, those benefits could be taxable, whereas a private policy’s benefits would not be, assuming Xavier had paid the premiums out of his take-home pay.

Conclusion

A financial professional can provide you with quotes and different policy options tailored to your circumstances. Both types of insurance are cheaper when you’re younger. You’ll be paying premiums for more years, but you’re more likely to be insurable and get coverage when it’s most affordable. We all like to think that serious illness, disability, and premature death won’t ever happen to us or to our loved ones. But one way to make the possibility less scary is to buy the right insurance. Knowing that you’ll have the financial support you need in a challenging time will make life’s uncertainties and misfortunes less difficult to endure.

Commercial Property and Inflation

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Commercial real estate soaring costs

Global, national, and local economies have changed dramatically in recent years as a result of the pandemic, global conflicts, and other factors. The war in Ukraine has resulted in higher fuel costs, which contributes to rising supply and transportation costs. Financing costs are also increasing as central banking systems, such as the U.S. Federal Reserve, raise interest rates. Businesses are also confronting supply chain disruptions, worker shortages, sustained inflation, and other challenges.

Increased risks from natural catastrophes

Businesses also face increased risks from severe weather and natural catastrophes caused by climate change — including wildfires, drought/heat waves, tornadoes, hurricanes, and flooding. In 2020, the U.S. saw a record 22 weather-related disasters that each caused more than $1 billion in damage, and together resulted in approximately $95 billion in losses.1 2021 saw 20 such events with a total of more than $145 billion in damages. 2

Factors contributing to inflation

With multiple economic forces converging, the market is experiencing marked increases in the value — and the rebuilding and replacement costs — of commercial property, including buildings, fixtures, and equipment. Given this situation, now is the time to assess the value of your business property and review your insurance coverage. Notable trends that are continuing to drive inflation and raise commercial property valuations and insurance costs include:

  • Decreased supplies
  • Increased demand
  • Tightening labor market

Property valuation changes and insurance limits

The replacement value of a building is not its market value or what it’s worth in the current real estate market. It is the cost you will incur to rebuild or replace the property with materials of like kind and quality. Because construction costs — including rebuilding costs — have gone up, the cost to repair or replace your building has increased as well.

Furthermore, supply and labor shortages can delay construction projects. If your business needs to rebuild following a fire or other disaster, it may take extra time to reopen facilities and drive up business interruption losses. Delays can add to additional costs—for instance, if you must lease temporary office or warehouse space.

Similarly, supply chain disruptions, labor costs, and other market forces may drive up the costs of equipment and goods specific to your business. When reappraising the replacement cost of your buildings, you may want to consider the replacement costs of equipment and stock that are essential to your business.

Higher property valuation will likely require you to increase the limits of your insurance coverage, resulting in premium increases – but it will also provide peace of mind knowing that, in the event of a catastrophic loss, your business has proper coverage.

Start a conversation with your broker or agent

Insurers are seeing higher claims costs because of increases in constructions costs and the frequency and severity of losses. Together, these factors may result in higher premiums for your commercial property coverage.

Consider reaching out to us to review your commercial property insurance, as well as the stability and track record of your insurer. You may want to discuss conducting a new appraisal of the replacement value of your facilities, equipment, and stock. Look at options for raising your policy limits to adequately cover the increased costs of replacing business assets and keeping your business afloat if your operations are disrupted.

Click here to read the Chubb article in more detail.

Sources

1 https://www.noaa.gov/stories/record-number-of-billion-dollar-disasters-struck-us-in-2020

2 https://www.climate.gov/news-features/blogs/beyond-data/2021-us-billion-dollar-weather-and-climate-disasters-historical

3 https://www.jchs.harvard.edu/research-areas/remodeling/lira

4 https://www.nbcdfw.com/news/local/construction-costs-hit-highest-spike-in-50-years/2891677

5 https://www.levelset.com/news/construction-costs-spike-can-contractors-fight-effects/

6 https://fortune.com/2021/03/31/lumber-prices-2021-chart-wood-production-high-why-is-lumber-so-expensive-right-now-home-prices-data-update/

7 https://fortune.com/2022/01/12/lumber-prices-skyrocket-again-weather-sawmill-production-supply-chain/

This document is advisory in nature and is offered as a resource to be used together with your professional insurance advisors in maintaining a loss prevention program. It is an overview only, and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering or other professional advice.

Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by ACE American Insurance Company and its U.S. based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall’s Mill Road, Whitehouse Station, NJ 08889-1600.

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