Cyberattacks and inflation are tops among concerns for business leaders, according to a recent survey from The Hartford.
The insurer’s 2026 Risk Monitor report is based on a survey of 500 U.S. midsize and large business. Results put both cyber risks and economic risks at the top for 77% of respondents.
Phishing, ransomware and data breaches are at the forefront of business concerns, according to the survey, and 67% of respondents said their business has an insurance policy and a response plan—leaving a third without one. More than half of business leaders said enhancements to cyber policies are planned in the coming year.
Artificial intelligence crept in to the top 5, with 53% of leaders citing the risk. Cybersecurity threats, data privacy, and misuse were among the worries of respondents.
Turning to economic risk, fluctuating economic uncertainty has leaders concerns as “trade policies and geopolitical pressures make it difficult for organizations to plan and operate with confidence,” The Hartford said.
One respondent quoted said inflation is the biggest concern because it can affect revenue and material costs. Sixty-three percent of respondents are concerned about tariffs.
Geopolitical pressure and the economy were also connected to another another top risk: supply chain disruption. This risk was named by 67% of respondents.
The same number of survey-takers (67%) said regulatory complexity was a primary risk. This number has increased, “reflecting a more challenging policy environment,” the insurer said.
The case, The Calvary Baptist Church of Denver and Church Mutual Insurance Company V. Skyyguard Corp., came about after it was discovered a contractor orchestrated an inflated appraisal process. That prompted the church to settle with Church Mutual for $50,000 and side with the carrier.
In a counterclaim that played out in the U.S. District Court for the District of Colorado, the church sued the contractor for breach of contract and negligent misrepresentation, and the insurer sued for fraud and intentional interference of the insurance contract causing a breach of the misrepresentation clause and punitive damages.
“I think this is the first time, certainly in Colorado, that I’ve seen a claim be brought for intentional interference with the insurance contract for breach of the misrepresentation clause and we were very intentional in how we brought that claim,” said Jeremy Moseley with Spencer Fane, who represented Church Mutual along with attorney Will Brophy.
