Reinsurance plays a major role in how insurance carriers manage large-scale risk exposure. As global events continue to impact the industry, changes within the reinsurance market can eventually affect local insurance pricing, underwriting, and coverage availability. Weather & Catastrophe Losses Large hurricanes, wildfires, flooding events, and other catastrophic losses across…
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Business Interruption: Is Your Shop Ready for Summer Power Surges?
Summer temperatures and increased electrical demand can place added strain on power systems, increasing the likelihood of outages and electrical surges. For businesses that rely on equipment, refrigeration, technology, or daily operations, even a temporary disruption can create costly setbacks. Equipment & Technology Risks Power surges can damage computers, machinery,…
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Personal Lines Stability: Where the Market Is Beginning to Soften
After several years of rising premiums and stricter underwriting, portions of the personal insurance market are beginning to show signs of stabilization. While challenges still exist across the industry, some carriers are becoming more competitive as market conditions slowly improve. Increased Market Competition As profitability improves for certain carriers, some…
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Renters Insurance: Essential for the New College Graduate
Graduating college often comes with major life transitions, including moving into a first apartment, starting a new job, or living independently for the first time. During these exciting changes, renters insurance is one of the easiest and most affordable ways to create financial protection early on. Protecting Personal Belongings Furniture,…
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P&C Market Watch: Flood Insurance Reform & Private Market Options
Flood insurance is evolving as new private market options continue to expand alongside traditional programs. As the landscape shifts, homeowners now have more choices than ever before when it comes to protecting their property from flood-related risks. Understanding how these options differ is key to making informed coverage decisions. Private…
