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US currency laid out on a table with coins falling on top. Compensation growth slowed slightly in the third quarter of the year, signaling that the white-hot labor market is cooling off.

Wage Growth Starts to Lose Steam as Labor Market Cools

Compensation growth slowed slightly in the third quarter of the year, signaling that the white-hot labor market is cooling off. The latest data from the Bureau of Labor Statistics‘ Employment Cost Index (ECI) shows that compensation costs, including wages and benefits, rose 0.8% from June to September. While still an increase, it marks a deceleration […]
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Exciting New EVs Hitting the Market in 2025

Exciting New EVs Hitting the Market in 2025

As the electric vehicle (EV) industry continues to accelerate, 2025 promises to be a big year with several new EV models making their debut. With advancements in technology, improved battery life, and greater affordability, these new EVs are poised to meet the needs of a broader range of drivers. Whether you’re a long-time EV enthusiast […]
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Pay Raises Expected to Slow in 2025 as Labor Market Cools

Pay Raises Expected to Slow in 2025 as Labor Market Cools

As the white-hot labor market of the past few years shows signs of cooling down, pay raises for U.S. workers in 2025 are projected to be slower than recent trends. Still, most employers will give salary bumps above the 3% threshold that has become the norm in the pre-pandemic economy. Latest Forecasts Slightly Lower Than […]
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2024 Midyear Market Outlook: General Liability Insurance

2024 Midyear Market Outlook: General Liability Insurance

The general liability insurance market has faced hardening conditions in recent years, largely due to increasing claim frequency and severity. As such, most policyholders have encountered ongoing rate jumps, stringent underwriting standards and limited capacity. Fortunately, insurance carriers recorded improved underwriting results in 2022-23, allowing for premium moderation. These conditions have pressed on in 2024 […]
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2024 Midyear Market Outlook: Commercial Property Insurance

2024 Midyear Market Outlook: Commercial Property Insurance

The commercial property insurance segment has been characterized by ongoing premium increases for much of the past decade. According to industry data, such rate jumps reached record-setting levels in 2023, surging by an average of 20.4% in the first quarter alone and only slightly falling to 18.3% in the latter half of the year. These […]
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2024 Midyear Market Outlook: Workers' Compensation

2024 Midyear Market Outlook: Workers’ Compensation

Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability. Industry experts initially reported that reserve redundancies stemming from reduced presumptive liability […]
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Employers Navigate Tight Job Market as Year Unfolds

Employers Navigate Tight Job Market as Year Unfolds

Six months into 2024, U.S. employers are immersed in a delicate high-wire act as they finalize compensation budgets and pay raise plans. Though inflation has moderated to around 3% after peaking at 8% in 2022, the job market remains fiercely competitive, forcing companies to carefully balance salary hikes against rising costs and profitability pressures. The […]
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