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Bradley York Quoted in Independent Agent Magazine

by | Jul 29, 2020 | Agents & Brokers, Industry News, Public Entities

“Public entities should plan for an evolving landscape in terms of higher rates, shrinking capacity and potentially increased liabilities,” says Bradley York, president of OneBeacon Government Risks. “We are truly in a new environment.”

Public Entities: Planning for an Evolving Landscape

As social inflation, pressure on pricing, capacity and the coronavirus pandemic turn up the heat on the public entity insurance market, many of the existing troubling trends, such as cyber liability, the growth of technology and the waning economy continue to leave insurance professionals scratching their heads when trying to find solutions for clients.

“Public entities should plan for an evolving landscape in terms of higher rates, shrinking capacity and potentially increased liabilities,” says Bradley York, president of OneBeacon Government Risks. “We are truly in a new environment.”

During the coronavirus pandemic, cybercrime skyrocketed. A month into the pandemic, the FBI reported that it was receiving between 3,000 and 4,000 cybersecurity complaints each day, a major jump from prior to the pandemic when about 1,000 complaints were received daily.

To read the story in its entirety, visit Independent Agent.

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We provide custom insurance solutions for midsized municipalities, counties and special districts including water and sanitation, non-rail transit authorities and other publicly-funded agencies. This blog covers our company’s news and events and provides safety and risk management tips.

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