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The insurer achieved an 86.4% acceptance rate of the policies selected. -
After seven years of premium rate growth, rates are down 5% to 40% across the US.
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Despite positive inflation headlines, there are issues for insurers under the surface.
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Economic unease will join cat losses, renewals, and organic growth as Q1’s key topics.
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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The suit alleges a “deliberate scheme” to deny smoke damage claims.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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Storms in the UK and Ireland drove losses in the commercial segment.
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The coverage will only be available in Illinois and Michigan at first.
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The program is being launched through subsidiary Southern Marine.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
