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Instant Insights / P&C insurance outlook for 2023

Review what 2023 might have in store for the property & casualty insurance space with a suite of articles detailing expert opinions on topics ranging from insurance claims and insurtech to line-specific outlooks.

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House of worship leaders want to know how they should best spend their often-limited funds. Insurers can help their customers understand the risks and benefits of upgrading their facilities. (Photo: Cosmic Timetraveler/Unsplash) House of worship leaders want to know how they should best spend their often-limited funds. Insurers can help their customers understand the risks and benefits of upgrading their facilities. (Photo: Cosmic Timetraveler/Unsplash)

As we dive headfirst into 2023, the following are five major trends for houses of worship that we are likely to see over the next year.

No. 1: Reviver statutes are creating more avenues for sexual abuse claims.

Simply put, a reviver statute is state legislation that allows adult survivors of childhood abuse to bring forward civil claims after the statute of limitations has passed. For organizations like houses of worship in which adults interact with children, this opens up a bigger category of sexual abuse claims. Underwriters will want to take great care in how they word policies, and make sure limitations are appropriately adjusted.

No. 2: Smart buildings provide older houses of worship with more opportunities.

Many ornate structures with original electrical, plumbing and other building systems are rapidly deteriorating. House of worship leaders want to know how they should best spend their often-limited funds. Insurers can help their customers understand the risks and benefits of upgrading their facilities. They also may be able to introduce these congregations to the concept of smart buildings — technology that can help them monitor hazards like standing water, intruders and other incidents such as a visitor falling on ice or snow.

No. 3: The need for cybersecurity has increased.

Shutdowns due to the COVID-19 pandemic turned online worship into the norm, not the exception. But even as congregations began to resume in-person worship, their members appealed to keep some services online. That means houses of worship have become much more vulnerable to cyberattacks and network problems.

Insurers will want to continue monitoring the rates of cybercrime and adjust policies accordingly. Organizations should have precautions in place to guard against cybercrime. Otherwise, they become easy prey for criminals to steal information and involve them and their members in phishing schemes.

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