ECBM Insurance Brokers and Consultants

The trucking industry currently faces significant controversy surrounding drivers' employment status. This issue, rooted in the classification of drivers as either employees or independent contractors, has sparked legal battles and regulatory scrutiny. The outcome of these disputes could reshape the industry, impacting how drivers are compensated and how trucking companies operate across state lines. Learn more in this week's blog: https://hubs.ly/Q02P7Yq10

Join ECBM and Eliance Health Solutions on Thursday, September 26 for coffee and to learn more about our exciting new health insurance offering through Penn Medicine, University of Pennsylvania Health System! This innovative program prioritizes clinical improvements and award-winning care to help local employers stabilize health plan costs, and help employees improve their health and well-being. Learn more or register here: https://hubs.ly/Q02MyP8n0

Last week, Tropical Storm Debby made landfall, leaving a trail of destruction across several states on the U.S. East Coast. The storm unleashed torrential rains and fierce winds and even tornadoes, causing widespread damage, flooding, and power outages from Florida to New York. The storm's impact highlights the critical importance of proactive risk mitigation for both residential and commercial properties. Learn more in this week's blog: https://hubs.ly/Q02K-98c0

The reinsurance market is on the verge of a positive transformation as we approach 2024 and 2025. For years, the industry has been characterized by high rates and an imbalance driven by various factors, including increased natural disasters, economic volatility, and shifts in global risk patterns. Understanding the current state of the reinsurance market, the factors contributing to the rate adjustments, and the expectations for the coming years will help form a clear picture of the coming season. Learn more in this week's blog: https://hubs.ly/Q02KDjRd0

Over the past decade, business owners have been primarily concerned with weather-related events, supply chain disruptions, personal liability, and other traditional risks. However, a new threat has emerged as the digital landscape evolves cyber risks. Among these, artificial intelligence (AI) is becoming a core risk, amplifying cyber incidents' complexity and potential impact. Learn more in this week's blog: https://hubs.ly/Q02HtcXl0

The landscape of employee drug price litigation is poised for significant change following the high-profile lawsuit against Johnson & Johnson. This case has brought to light the various factors driving up prescription drug costs, which have significantly impacted employees who need these prescriptions. Learn more in this week's blog: https://hubs.ly/Q02FFqd40

On Wednesday, June 19th, over 15,000 auto dealerships around the US were disrupted by a cyber attack. With sales and operations software still impacted, this incident serves as a stark reminder of the potential consequences of cyber attacks in the automotive industry. Learn more about the attack and how to protect your business in this week's blog: https://hubs.ly/Q02D2jrb0

Elections play a pivotal role in shaping the insurance market, as policy decisions, economic shifts, and regulatory changes driven by newly elected officials can have far-reaching consequences. In addition, societal behavior and civil unrest can increase the risks to personal and commercial elements. Learn more about how the upcoming US presidential election could impact the insurance market in this week's blog: https://hubs.ly/Q02CtS7t0

ECBM is hiring! To learn more about any of these roles or to apply, visit our website: https://hubs.ly/Q02C41x70

Errors and Omissions (E&O) insurance is a crucial component of risk management for businesses of all sizes. E&O, or professional liability insurance, covers the costs of defending your business against claims of errors, omissions, or negligent acts in your services. Learn more about this coverage and why it's important for your business in this week's blog: https://hubs.ly/Q02ztTCP0