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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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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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…
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P&C Market Watch: Litigation Trends & Rising Claims Costs
How Increasing Legal Costs Are Impacting Insurance Coverage Across the insurance industry, rising legal costs and larger jury verdicts are significantly increasing the severity of claims. This trend, often referred to as social inflation, is impacting both personal and commercial insurance policies across the country. As claims become more expensive…
