Southern Insurance Advisors

06/14/2023

As risk awareness has grown, more businesses are turning to the cyber insurance market for protection. Education, health care industries, and hospitality are particularly affected.

05/31/2023

One is the lack of available workers: labor shortages are impacting the industry. Learn more.

05/29/2023

One is supply chain issues that are triggering shortages of cars and electronic chips. Learn more.

05/25/2023

One is car prices: used car prices are up 26.4% and new car prices are up 9.8% as of October 2021! Learn more.

05/23/2023

One is the cost of lumber and wood products: prices were up 6.2% in 2021 compared to 2020. Learn more.

05/17/2023

One is the cost of car parts: they’re up 6% as of September 2021! Learn more.

05/15/2023

One is the cost of asphalt roofing materials: they were up 16.3% as of October 2021! Learn more.

05/11/2023

One is an increase in the severity of auto accidents: the number of fatal car crashes was up 18.4% in the first six months of 2021 as compared to the previous year! Learn more.

05/09/2023

One is the cost of new residential construction materials: prices rose 18.6% as of October 2021 over the previous year! Learn more.

05/03/2023

One is the lack of available workers: There were 358,000 job openings in construction as of August 2021! Learn more.

05/01/2023

One is more severe weather: There were 20 separate $1 billion loss events due to weather in 2021! Learn more.

04/25/2023

With the rise of cybercrime and the subsequent number of claims being filed, the cost of cyber insurance cost is also being affected.

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