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Construction Defect Litigation on the Rise

Construction Defect Litigation on the Rise

by Ridgemark Insurance | Sep 23, 2025 | Uncategorized

Construction defect lawsuits, a constant presence in the building industry, are on the rise, and legal observers expect the trend to continue over the next few years. There are several factors driving the increase, including a continuing construction industry labor...
Ransomware Escalates: Physical Threats Against Company Leaders

Ransomware Escalates: Physical Threats Against Company Leaders

by Ridgemark Insurance | Sep 15, 2025 | Uncategorized

A new survey has found that in 46% of ransomware incidents in the U.S., CEOs or other executives were physically threatened if their organizations did not pay the ransom demanded by hackers. The findings in Semperis’ “2025 Ransomware Risk Report” highlight other...
Multi-Unit Facilities Get Better Deal from FAIR Plan

Multi-Unit Facilities Get Better Deal from FAIR Plan

by Ridgemark Insurance | Sep 2, 2025 | Uncategorized

The California FAIR Plan on July 25, 2025, started offering a new “high-value” commercial property coverage option for larger housing developments, farms and businesses with multiple buildings at one location. The new limits are up to $20 million per building, with a...
How to Implement an Effective Safety Incentive Program

How to Implement an Effective Safety Incentive Program

by Ridgemark Insurance | Aug 26, 2025 | Uncategorized

Although not required by OSHA, some employers have shown that one of the best ways to positively motivate employees is through a safety incentive program that rewards safe behavior and participation in workplace safety efforts. These programs need not be complicated,...
How New U.S. Trade Policies Affect Insurance Costs

How New U.S. Trade Policies Affect Insurance Costs

by Ridgemark Insurance | Aug 18, 2025 | Uncategorized

President Trump’s sweeping return to tariff-heavy trade policies in 2025 is sending ripples across the economy, including the cost of property insurance claims. The latest round of tariffs, which include steep duties on imported construction materials and auto parts,...
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