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The US continues to experience catastrophic flash flooding and heavy rainfall events that are impacting “inland” areas across the country, as well as coastal areas. -
While panelists agreed that tort reform is needed, they also noted that it couldn’t be achieved by force from the insurance industry alone.
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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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Chubb’s balanced view of the market as a whole, and pricing and loss cost trends in particular, puts it ahead of the curve on value creation, despite a difficult economic backdrop.
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General and products liability rate increases will slow down in 2023, with an expanding number of insureds expected to experience flat to 5% hikes as the year progresses, according to USI.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
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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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As casualty lines face higher uncertainty, reinsurers are in a better position to negotiate prices and terms than they were a year ago.
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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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The agency noted that the group had shown a “notable decline” in results, impacted by inherent risks stemming from exposure to catastrophe and personal auto.
