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Video: Carrier Perspective – CAT Events & Market Response
Modeling plays a significant role in the E&S Property market. In our latest webinar, Jonathan Mortimer, E&S Distribution Leader, Millennial Specialty Insurance, discusses modifiers that factor into assessing CAT Insurance risks. https://vimeo.com/1006982209/971816ec54?share=copy
Video: E&S Property Market Outlook
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
Webinar: Extreme Weather and CAT Insurance – How to Mitigate Risks and Secure Coverage
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,…
Commercial Office Space Is Making a Comeback, How Owners Can Protect Their Property
Demand for office space is on the rise, possibly indicating that the bottom of the commercial office space market has passed, and a rebound is underway, Property Casualty 360 recently reported. Data from real estate tech platform VTS shows that demand for new commercial office space started rising in late 2022 and recently hit its 12th consecutive month of year-over-year…
Flood Risks, Insurance Costs on the Rise: Essential Steps to Protect Your Property
Communities from Florida to the Northeast are recovering from the effects of Hurricane Debby, which brought flooding rain and multiple tornadoes from Florida to the Northeast. Earlier this year, forecasts predicted an above average, or even record-breaking number of storms in 2024, due in part to unusually high ocean temperatures and the effects of La Niña, NBC News reported. For…
P&C Report: 2024 Q3 Outlook
The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…
Power Outages Stall Houston Businesses After Beryl, Insured Losses Could Hit $600 Million
Some businesses in Houston, Texas, were still struggling to get back up and running as of mid-July after Hurricane Beryl left many with prolonged power and internet outages, in addition to wind- and water-related property damage. Data from CoreLogic indicates that insured properties and businesses in Harris County could face between $210 million and $600 million in damages from the…
Video: Large Account Brokerage Outlook Q3 2024
During this webinar, our own Denis Brady provided insights on the Large Account Brokerage Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/985185596/2f6e2ec4ec
Video: Commercial Property Outlook Q3 2024
During this webinar, our own Peter Kestenbaum provided insights on the Commercial Property Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/984326736/678308ac3f
Webinar: P&C Market Outlook – Q3 2024
During this webinar, our expert panel reviewed valuable insights into Q3 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/982781651/ca925a19f8
Justice Department Proposes to Reclassify Cannabis as Less Risky Drug
Cannabis could be reclassified from a Schedule I to a Schedule III drug under a new rule recently proposed by the U.S. Justice Department, according to reports. While some experts say it represents a historic shift in policy, the proposed change would not legalize marijuana, but would ease federal restrictions on the substance and put it in the same class…
P&C Report: 2024 Q2 Outlook
Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…
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