Underwriters’ concern surrounding the volatility of secondary perils is sustaining caution over rate adequacy.

Insider US’s morning summary of the key stories to get you up to speed fast.

Issues over reinsurance pricing and capacity continued to plague commercial property.

Broker and commercial carrier trends separate as inflation slows but rates stay elevated.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year

Strong pricing and stable loss costs yield solid results for the early reporters, but social inflation could turn the tables during the course of this earnings season.

Drew Carnase joined Risk Strategies two years ago and will be based in Boston, focusing on scaling and optimizing the commercial lines operations.

From 2020 to 2023, P&C replacement costs increased by 45% on average, whereas inflation for the overall US economy increased 15% within that same period, though the forecast expects that to change.

Commercial property rates in Hawaii, which sustained a major wildfire event in August, went up to 5.02% that month from 1.65% in July, but remained lower than the average even after the increase.

Pricing, reserves and uneven catastrophe losses will be the theme this quarter.

An RPS report cites a drop in demand from Covid highs, along with increasing competition among carriers and near-record capacity as among the challenges currently facing transportation insurers.