Intel

Key Takeaways While the P&C market is softening and rates are moderating as capacity expands, underwriters remain selective, requiring well-structured submissions to secure optimal terms. Carrier capacity is strong across most lines, with specialty solutions and improved risk mitigation enhancing options for complex and hard-to-place risks. Most Commercial sectors show stable pricing, though litigation and rising loss severity continue to pressure underwriting and…

Shifting conditions are opening the door to greater flexibility within Habitational Insurance. In this clip from our Q2 P&C Market Outlook webinar, Chris Siegel, Vice President, Florida, Managing Director, Burns & Wilcox, Orlando, Florida, explains what is changing and how brokers and agents may be able to secure more favorable terms and conditions for their clients. https://vimeo.com/1184129666/a07d9b5973?fl=ip&fe=ec

Stay ahead of changing market conditions with the Q2 P&C Insurance Outlook webinar recording, now available on demand. Featuring experts from Burns & Wilcox and the London market, this session provides insight into moderating rates, strong capacity, and underwriting discipline across Personal, Commercial, and Professional Liability Insurance—helping brokers and agents better serve their clients and secure more comprehensive coverage. Highlights include: Pricing, capacity,…

Insurance carriers paid out more than $100 billion in catastrophe (CAT) insurance losses in 2023 and in the first half of 2024, making it the costliest two-year period in history. More than $60 billion in global insured losses have been paid in the first half of 2024, which is 62% above the 10-year average. The culprit? Severe convective storms…

What does the future hold for the E&S Property Market? Chris Siegel, Associate Vice President, Managing Director, South Florida, Burns & Wilcox, Orlando, Florida, weighs in on anticipated CAT Insurance pricing and capacity changes. https://vimeo.com/1006987858/2678790cae?ts=0&share=copy

It has been a devastating wildfire season across the western United States. Fast-moving blazes have forced thousands of people to evacuate, destroyed homes and scorched millions of acres of land. In other parts of the country, catastrophic flooding has ravaged homes, businesses, and infrastructure. Extreme heat, tornadoes and hurricanes also remain serious threats. In our Extreme Weather and CAT Insurance webinar,…

Soaring premiums, fewer carriers and worsening weather trends are contributing to an insurance crisis for homeowners in many areas of the U.S. In New Orleans, Louisiana, the market for Homeowners Insurance is \"crumbling,\" CNN reported March 29, with one resident telling the news outlet that his premiums increased from $1,600 per year in 2022 to $4,930 after his previous carrier…

The title of this quarter’s overview and forecast could easily be: “Profitability Matters.” That is especially true in the Property space for both Personal and Commercial policies. The industry faces daily challenges from CAT storms and events, making every state subject to immediate loss from hurricanes, wildfires, and convective storms—defined as severe local storms associated with wind, thunder, lightning, heavy…

During this webinar, our experts gathered for an outlook into Q3, including high-level market overviews and insights. https://vimeo.com/845283560/f772266f72?share=copy

Dozens of students from Clemson University in South Carolina were evacuated from an off-campus apartment complex on Oct. 25 due to a carbon monoxide leak that left some residents seeking medical attention for headaches and nausea after possible exposure to the gas. The leak, which may have originated in a main floor retail space where construction work had just been…

A recent video that shows a man stumbling off a Tennessee pedal pub and falling into a moving car has added to growing concerns over the safety of open-air bike bars and other so-called “transportainment” vehicles where alcohol is served. In the video, a man is seen sitting in the backseat of a parked Nashville Pedal Tavern vehicle before falling…

A variety of Neutrogena and Aveeno sunscreen sprays are being recalled by Johnson & Johnson after trace amounts of benzene, a known carcinogen, were found in samples of the products. The voluntary recall announced July 14 affects five sunscreens that were distributed nationwide and packaged in aerosol cans. The company and the FDA are now investigating how the chemical might…