NFP, an Aon company

👥 Within the private equity space, our experts are seeing similarities in the first half of 2024 that resemble the market of 2021.

🔎 Representations and warranties submission flow slowed considerably in 2023, and that trend continued through the first half of 2024.

✔️ While submissions still remain high from an overall historical basis, 2024 has seen a continued moderation in submission flow.

🤔 Will this trend continue for the remainder of 2024?

👉 Get a detailed breakdown of the year so far and a projected outlook within private equity in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, out now: https://www.nfp.com/property-and-casualty/specialties/trend-report/

❓Are you up to date with OSHA’s PPE requirements?

📅 Join us tomorrow, on Wednesday, September 4, 2024, at 3:00 p.m. ET for a crucial webinar led by NFP’s Chris Schild, AVP and senior safety and risk control consultant.

This session will refresh your knowledge of OSHA's standards for personal protective equipment (PPE).

🔍What we’ll cover:
◾Conducting hazard assessments
◾Selection and proper use of PPE
◾Employer and employee responsibilities
◾Overview of different types of PPE

Ensure your team is protected. Don’t miss this opportunity to stay compliant and prevent workplace injuries!

👉 To attend, register here: 4ad017c0-6144-4756-a63a-2a7839992627@e6f978e1-75d4-4db0-904e-5b79fb778570" rel="ugc" target="_blank">https://events.teams.microsoft.com/event/4ad017c0-6144-4756-a63a-2a7839992627@e6f978e1-75d4-4db0-904e-5b79fb778570

⚖️ Recent rulings have impacted the property and casualty industry. Do you know how they will affect your organization in the second half of the year and beyond?

👥 Our experts have compiled all the key decisions to help you stay informed and make strategic choices.

🔎 Explore the 2024 Midyear NFP P&C Client Claims Journal and Trend Report now: https://www.nfp.com/property-and-casualty/specialties/trend-report/

🔎 What’s on the horizon within the P&C real estate marketplace for the remainder of 2024?

📈 Property rate increases continued to temper throughout H1 2024, particularly for those accounts deemed desirable from an occupancy and/or loss profitability perspective.

📊 Market conditions continued in a relatively consistent direction, with all casualty lines other than workers’ compensation still generally taking at least minor increases.

👥 Our real estate industry experts have broken down market trends for Q1 and Q2 for 2024 and look ahead to the second half of the year in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report.

✔️ Check it out now: https://www.nfp.com/insights/2024-midyear-nfp-pc-client-claims-journal-and-trend-report/

📝 The management, cyber and professional liability lines of business have seen a variety of trends and changes of note to keep in mind for the rest of 2024.

🌐 Changes in the directors and officers liability, employment practices liability, fiduciary liability, fidelity/crime and cyber have left some markets stable and others experiencing potential decreases.

🔎 Notably, across most of these markets, competition remains strong, often leading to multiple quotes for certain risks, especially within cyber.

👉 Get the full story and future projections for the second half of the year in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, out now: https://www.nfp.com/insights/2024-midyear-nfp-pc-client-claims-journal-and-trend-report/

🧘‍♀️ Good health benefits are the foundation of an effective regime.

💪 Learn how we can support and strengthen your organization with well-managed benefits that equip your workforce with peace of mind: https://www.nfp.com/benefits/employee-benefits/

⚖️ Are you up to date on the major court rulings from the first half of 2024?

🔑 Key decisions across markets have significant impacts on corporations, cyber, employment practices, financial institutions and more.

🔎 Stay informed and make better decisions for the rest of the year with the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, out now: https://www.nfp.com/property-and-casualty/specialties/trend-report/

📢 The OHS Group of NFP is excited to announce our partnership with Tuned! Together, NFP and Tuned provide an innovative, OSHA-compliant hearing conservation program.

Elevate hearing safety in your business with our comprehensive, data-driven solutions to strengthen current compliance standards.

Benefit from key features like:
📅 Scheduling management.
🧑‍🔧 On-site testing by certified experts.
📊 Centralized data management.
📑 Recording that is consistent with OSHA compliance.

Welcome to the future of hearing conservation.

👉 Visit the Tuned website to learn more, or contact the Occupational Health & Safety (OHS) Group online or at 1.800.638.8048.

💡Did you know that water-related damage makes up 24% of all claims?

💸 Prevent costly water damage with automatic shut-off devices. Protecting your home with smart solutions is now easier than ever!

🤖 These smart-home devices can detect leaks and stop water flow to prevent damage and property loss.

Types of Devices:
◾Pipe-Connected: Calibrated to shut off the water supply in case of unusual water usage.
◾Floor Detector: Automatically stops the water supply when it detects water on the floor.

🔧 Contact your account manager to learn more about your options and available discounts: https://www.nfp.com/insights/prevent-water-damage/

⚓ How have events in the first half of 2024 affected the marine insurance industry?

👥 Our industry experts have you covered in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report.

📊 Overall, within the marine industry, rates were flat with slight rises as related to inflation. As typical for the industry, area-specific events are impacting local markets, such as in the Eastern Mediterranean, Red Sea and Persian Gulf, where continued rising tensions are driving rates to increase.

📈 Shoreside property rates are still rising higher than inflation with severe capacity restrictions. Catastrophe-exposed property rates along shorelines are seeing rates increase dramatically, with capacity being reduced.

🔎 Get the full overview of the first half of 2024 for the marine industry, as well as an outlook for the rest of 2024 and more in the full report, out now: https://www.nfp.com/insights/2024-midyear-nfp-pc-client-claims-journal-and-trend-report/

😮 Did you know more than one million US households have an RV?

🏕️ If you’re among the 11% of Americans who own a recreational vehicle, make sure it’s protected whether you’re camping by a lake or out in the woods.

👍 Good times must come with great coverage: https://www.nfp.com/personal-insurance/

🔔 The Rx Pulse Newsletter: Q3 2024 is here: https://webfiles2.nfp.com/webfiles/public/2024/e-newsletters/rx_pulse_2024_q3/index.html

📰 The Rx Pulse Newsletter is a valuable resource designed to inform clients and partners about crucial developments in the pharmacy industry that may impact employee benefit plans. NFP’s Rx Solutions team curates insightful content, covering a wide range of pharmacy-related topics.

This edition addresses:
◾Expanded Indications and Future Outlook for GLP-1 Medications
◾Change Healthcare Cyberattack Updates
◾Biosimilar Outlook

🔋 Power up your benefits strategy with the latest insights!

📅 As we move into the second half of 2024, are you aware of how the events of the first half of 2024 have affected the insurance marketplace across industries and, importantly, what that means for your organization?

🔑 In any year, especially an election year, it’s key to be aware of changes within your industry and what that could mean for the future.

👥 Our experts have you covered.

👉 Get the insights you need in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, out now: https://www.nfp.com/insights/2024-midyear-nfp-pc-client-claims-journal-and-trend-report/

❓Are you up to date with OSHA’s PPE requirements?

📅 Join us on Wednesday, September 4, 2024, at 3:00 p.m. ET for a crucial webinar led by NFP’s Chris Schild, AVP and senior safety and risk control consultant.

This session will refresh your knowledge of OSHA's standards for personal protective equipment (PPE).

🔍What we’ll cover:
◾Conducting hazard assessments
◾Selection and proper use of PPE
◾Employer and employee responsibilities
◾Overview of different types of PPE

Ensure your team is protected. Don’t miss this opportunity to stay compliant and prevent workplace injuries!

👉 To attend, register here: 4ad017c0-6144-4756-a63a-2a7839992627@e6f978e1-75d4-4db0-904e-5b79fb778570" rel="ugc" target="_blank">https://events.teams.microsoft.com/event/4ad017c0-6144-4756-a63a-2a7839992627@e6f978e1-75d4-4db0-904e-5b79fb778570

💊 The landscape continues to evolve — make sure your strategy is keeping up!

🔗 Download the 2024 NFP US Pharmacy Benefits Trend Report: https://www.nfp.com/insights/2024-nfp-us-pharmacy-benefits-trend-report/

💉 With insights from industry experts and comprehensive data analysis, this report highlights the latest trends and strategies for optimizing your pharmacy benefits program, including the impact of GLP-1 drugs, Humira biosimilars and specialty drug management.

🪙 How has the marketplace changed in 2024? The financial institutions marketplace saw more stability in the first half of this year, with the rapid rate decreases seen in 2023 starting to stabilize.

🔑 What is contributing to this stabilization, and how will factors such as continued economic tightening, concerns over the commercial real estate and auto market, increased regulatory scrutiny, more frequent consumer action and the rapid adoption of AI technology affect the financial institutions marketplace for the rest of 2024 and beyond?

🔎 Get all the latest information, trends and insights from our expert spotlight on financial institutions and across many industries in the 2024 Midyear NFP P&C Client Claims Journal and Trend Report.

🔗 Full report out now: https://www.nfp.com/property-and-casualty/specialties/trend-report/

🤠 Tour leaders and operators know better than anyone that great excitement comes with great liability.

🚙 From ATVs and Jeeps to snowmobiles and whitewater rafts, you constantly experience exciting, wild and dangerous adventures.

🌎 Learn how we can help ensure you’re protected while you explore everything the world has to offer: https://www.nfp.com/property-and-casualty/specialties/hospitality-and-leisure/tours-and-operators/

📈 The demand for high net worth insurance has skyrocketed since the pandemic as consumers increasingly view luxury purchases as investments. Jeff Atry, VP of ’s Private Client Group, spoke with Insurance Business America on the reasons behind this trend and how people can make informed coverage decisions for their luxury items.

🌐 Social media, rising incomes and other factors are bringing more people to luxury goods and causing price volatility in the art, secondhand luxury and other markets. Jeff shares that, fortunately, tailored insurance solutions (especially in catastrophe-prone regions and for closely regulated goods) can provide comprehensive coverage for collectors.

📖 Read the full piece here: https://www.insurancebusinessmag.com/us/news/breaking-news/postpandemic-passion-spurs-surge-in-highnetworth-insurance-502403.aspx

Post-pandemic passion spurs surge in high-net-worth insurance From jewels to vintage timepieces…

🚦 Is your organization ready for the second half of 2024?

👥 Our experts have analyzed trends from the first half of the year and provided insights into what’s next for property and casualty markets.

👉 Stay up to date and succeed with the 2024 Midyear NFP P&C Client Claims Journal and Trend Report, available now: https://www.nfp.com/insights/2024-midyear-nfp-pc-client-claims-journal-and-trend-report/

can be an attractive option for companies. But they’re not for everyone.

👥 Two members of our Risk and Insurance Strategy Collective (RISC) – Jonathan McKenzie and Natalie Lemery – recently contributed to a Risk & Insurance piece examining companies that decided an alternative risk management structure wasn’t for them: https://riskandinsurance.com/is-a-captive-right-for-you-maybe-not/

🗣️ Natalie conveyed that even if a company decides against developing a captive, it can always revisit the idea down the line. “It’s common for companies to reconsider forming a captive after deciding against it. The insurance market, business environment and a company’s financial situation can change significantly over a few years, making a captive more viable or attractive at a later time.”

👏 Appreciate the coverage of the expertise within our RISC team. Thank you to Jonathan and Natalie.

🌟 As our interns head back to school, we’re wrapping up our intern spotlight series. Anna Koth, a finance major who is also a member of the women’s basketball team at University of Wisconsin-Eau Claire, is our final feature of the summer.

👤 Anna has been working in our wealth management business, reporting to Sara Norell. She’s made some great connections, learned a lot and experienced our people-first culture firsthand.

🗣️ “My internship with has been such a valuable learning experience. I’ve had the opportunity to engage with colleagues in multiple departments and connect with numerous employees within the wealth management team. People have been so willing to share their knowledge about the company and our industry, which has been very beneficial as I build skills that will support my career development. As an NFP intern, I have had the opportunity to sit in on numerous client meetings and internal meetings, see the planning process behind each meeting and help work on account openings and data entry using numerous platforms. I have also helped with smaller projects supporting the day-to-day activity of team members. I am so grateful that I had a chance to be part of NFP and their amazing culture!”

It really has been an amazing summer, and we appreciate everything Anna and all our 100+ interns have contributed. We wish you all the best as your journeys continue and look forward to staying connected. 💚

🌎 There’s a lot going on in the world of environmental insurance and Emily Bourdeau is on top of it.

🎙️ In a recent PropertyCasualty360 podcast, Emily discussed the role insurance can play in building a more sustainable planet, examining trends and themes shaping the pollution market: https://www.propertycasualty360.com/2024/07/03/whats-the-next-big-pollution-liability-exposure/?slreturn=20240816103233

❌ She is also finding that while many companies believe pollution exposures are covered by their general liability policies, they are typically not.

🔎 Emily also touched on compounds, which the EPA recently designated as hazardous substances. Emily shared that she’s hearing from colleagues that PFAS losses will make asbestos and lead claims look small in comparison. Emily also looked ahead to future contaminant concerns and drew attention to 6PPD-quinone, a tire byproduct that can cause cancer, commenting that the market will need to figure out how to respond.

👏 Great conversation on several timely topics – thank you, Emily!

🌟 We’re excited to continue our intern spotlight series with Luke Nalewajk.

👤 Luke is currently pursuing a degree in information systems at Carnegie Mellon University. He’s spending the summer working with Colin Marks and other members of the life and disability insurance team within our Sports and Entertainment Group, assisting with data collection and research efforts.

🗣️ “My internship experience at NFP has been invaluable. Through hands-on projects, I’ve enhanced my understanding of how the insurance industry functions while connecting with colleagues to take advantage of their expertise. My role entails analyzing data and performing research to provide insight into Major League Baseball players as we develop coverage options for various teams. I’m having fun and I’m grateful to have the opportunity to learn from my colleagues.”

Thank you for your contributions, Luke! Wishing you a fantastic summer! 😎

⚠️ Swimming pools can be great fun for kids and relaxing for adults, but risk comes with every dive and game of chicken fight.

👍 Let our experts ensure your fun in the sun remains just that with a ’ policy that’s right for you: https://www.nfp.com/personal-insurance/homeowners-insurance/

🗣️ Mila Araujo recently shared her perspectives on how is impacting insurers and brokers: https://www.insurancebusinessmag.com/ca/tv/how-is-ai-impacting-cyber-insurers-and-brokers-488923.aspx

👥 As a contributor to Insurance Business Canada TV's Power Panel – Cyber in 2024, Mila and her fellow panelists – including Aon’s Katherine Hall – examined the effects of generative AI, touching on the regulatory landscape, exclusionary wording and top market trends. The discussion highlighted the importance of keeping cyber defenses strong as new risks and complexities emerge.

👏 Thank you to Mila, Katherine and the entire panel for sharing your insights.

How is AI impacting cyber insurers and brokers? Expert panel dives into this complex risk and a host of other cyber issues

📢 We’re excited to announce that Deana Calvelli, a seasoned retirement industry professional, has joined NFP as a vice president. Deana will be focused on expanding NFP’s expertise and capabilities for clients. She will report to Joel Shapiro, president, Retirement.

🗣️ “Deana has been directly involved in the evolution of the industry, and her appointment is an important step for NFP as we work to advance change that helps the industry operate more collaboratively for the betterment of plan participants,” said Joel.

👋 Welcome to the team, Deana!

📖 Read more about her appointment in PLANADVISER: https://www.planadviser.com/nfp-hires-plan-adviser-calvelli-retirement-group/

🌟 It’s Lauren Musso and she’s next up in our Intern Spotlight! A communications major at California Lutheran University, Lauren is working as an account manager intern with us this summer. She is getting exposure to many aspects of the service process and taking on a big project with another intern.

🗣️ “My internship at NFP has been incredibly rewarding, thanks to the support of my mentor Myralynne Cornejo, reporting manager Ashley Swanson, fellow interns and many others. I have gained significant industry knowledge and grown professionally through my role as an account manager intern, where I've assisted in the renewal process, fostered client relationships and developed my skills. My main project, the capstone, involves collaborating with another NFP intern, Emma Barton, to advocate for the implementation of A2P SMS messaging into NFP's operations. I’ve sharpened my critical thinking and research abilities and am deeply grateful to NFP for taking the time and resources to coach me and create such a well-rounded, fun and informative internship.”

Thank you, Lauren. It’s wonderful to have you. Enjoy the rest of the summer! 😎

📢 Exciting news! NFP has been recognized by Insurance Journal as a Top 100 P&C Agency for the 11th consecutive year.

🏆 Our #9 ranking is a testament to our outstanding P&C team, which consistently demonstrates excellence, dedication, and innovation in their work.

💚 We couldn’t have achieved this without the unwavering support of our amazing clients and partners. Thank you for being a part of our journey.

🎉 Congratulations to the P&C team. We’re looking forward to making this our best year ever.

👉 See the full list here: https://www.insurancejournal.com/top-100-insurance-agencies/