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Top Stories / Ad / Most Recent
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Underwriters’ concern surrounding the volatility of secondary perils is sustaining caution over rate adequacy.
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Insider US’s morning summary of the key stories to get you up to speed fast.
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Issues over reinsurance pricing and capacity continued to plague commercial property.
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Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year
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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.
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Drew Carnase joined Risk Strategies two years ago and will be based in Boston, focusing on scaling and optimizing the commercial lines operations.
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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.
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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.
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Pricing, reserves and uneven catastrophe losses will be the theme this quarter.
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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.
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