After indicators of stabilization in 2024, the business property market skilled renewed strain following main wildfire occasions. In January, the Palisades and Eaton Fires in Los Angeles County destroyed greater than 16,000 constructions, rapidly depleting reinsurers’ disaster budgets for the yr. Although 2024 reinsurance renewals had been broadly favorable, the early surge in catastrophic occasions triggered a reversal in pricing traits.
This publish is a part of a sequence sponsored by Professional Insured. The insurance coverage trade is evolving shortly, and let’s face it-legacy methods gained’t be a part...
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This put up is a part of a collection sponsored by IAT Insurance coverage Group. Within the newest episode of What’s Brewing, Ben McDonald, Vice President of Underwriting...
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The rise, the corporate stated, was primarily attributable to “anticipated larger cease loss medical prices” and the lingering impression of Medicare Benefit operations that Cigna has since divested....
Read moreThis submit is a part of a sequence sponsored by Outdated Republic Surety. Surety bonds have garnered an unlucky repute of being “ugly” or “uncomfortable” for impartial insurance...
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The A&E legal responsibility house within the U.S. is served by a mixture of main nationwide carriers, managing common brokers, and specialty insurers. Many suppliers supply tailor-made applications...
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