With early forecasts pointing to a modestly below-average hurricane season in 2023, Fitch Ratings’ latest...
Property insurance price surge leads rate hikes
Average annual commercial insurance premium increases accelerated to 8.8% during the first quarter of 2023, up from 8% during the previous quarter, with commercial property rate hikes...
Average annual commercial insurance premium increases accelerated to 8.8% during the first quarter of 2023, up from 8% during the previous quarter, with commercial property rate hikes...
Article / 19 days ago
Guy Carpenter's Blake Berman, Ariah Tough Speak on NAMIC Podcast on Scenario Testing
Blake Berman, Managing Director, and Ariah Tough, Vice President, appeared on the Insurance...
Blake Berman, Managing Director, and Ariah Tough, Vice President, appeared on the Insurance...
Podcast / 2 months ago
Retailers: What insurance do they need?
The retail sector covers a broad range of products and hosts a variety of online and in-person operating models. Each business has its own unique risk profile, but there are key covers – some...
The retail sector covers a broad range of products and hosts a variety of online and in-person operating models. Each business has its own unique risk profile, but there are key covers – some...
Article / 2 months ago
Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout
In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter 2023, according to MarketScout....
In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter 2023, according to MarketScout....
Article / 2 months ago
Reinsurance Market Dynamics
April 1 Renewals Show Signs of Market Stability...
April 1 Renewals Show Signs of Market Stability...
Report / 2 months ago
Gallagher Re 1st View: Undimmed Resolve
Issued three times a year, this publication delivers the very first view on current market conditions within the reinsurance industry at the key renewal seasons: 1 January, 1 April and 1 July....
Issued three times a year, this publication delivers the very first view on current market conditions within the reinsurance industry at the key renewal seasons: 1 January, 1 April and 1 July....
Report / 2 months ago
Trillion-dollar global protection gaps
A report by the GFIA has identified trillion-dollar global protection gaps in the areas of pensions, cyber, health and nat cats...
A report by the GFIA has identified trillion-dollar global protection gaps in the areas of pensions, cyber, health and nat cats...
Article / 3 months ago
Captives grow as property, cyber rates rise
The increased interest in captive formations and greater use of existing captive insurers seen in 2022 will likely continue through 2023, experts say....
The increased interest in captive formations and greater use of existing captive insurers seen in 2022 will likely continue through 2023, experts say....
Article / 3 months ago
NotPetya Triggers War Exclusion, Insurers Tell NJ Panel - Law360
Property policies' war exclusions were designed to apply to any type of nation-state attack, including cyber events, insurers told a New Jersey appellate panel Wednesday in a battle over whether Merck has coverage for $1.4 billion in losses stemming from the 2017 NotPetya cyberattack.
Property policies' war exclusions were designed to apply to any type of nation-state attack, including cyber events, insurers told a New Jersey appellate panel Wednesday in a battle over whether Merck has coverage for $1.4 billion in losses stemming from the 2017 NotPetya cyberattack.
law360.com /
Article / 4 months ago
Property and cyber markets must get on same page to prevent cover 'gap' for cyber-related physical losses
Confusion around cyber exclusions may have stemmed from Lloyd's clampdown on clearly defining physical and intangible risks.
Confusion around cyber exclusions may have stemmed from Lloyd's clampdown on clearly defining physical and intangible risks.
Article / 4 months ago
