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Inflation, interest rate growth and labor challenges will loom large in 2023. What does all this mean for agency operations?
The Labor Department has proposed changes to employee classification that could impact agents.
Study: Businesses and people are suffering from rising costs, recent investment losses and lingering pandemic effects.
Besting today's market challenges will require bringing in new talent, focusing more on loss control and reinforcing strict underwriting principles.
One suggestion: Shift focus from being an industry that primarily detects and repairs to one that predicts and prevents.
Review the biggest challenges and new developments expected to impact workers' comp and risk management.
A host of factors have created the perfect storm for a looming worker shortage.
Insurance agents who go after the builders risk market would do well to follow its economic trends.
Risk factors for the insurance industry are constantly changing and the PC360 team will be monitoring these issues throughout 2023.
Looking at demographic data, baby boomers and Gen Xers accounted for the most moves in 2022.
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