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P&C Report: 2024 Q2 Outlook

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…

Homeowners Insurance Crisis: Rates Soar as More Carriers Leave Market

Homeowners Insurance Crisis: Rates Soar as More Carriers Leave Market

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…

Video: Personal Insurance Market Outlook

Video: Personal Insurance Market Outlook

During this webinar, our own Kate Wright provided updates on the Personal Insurance Market in Q2 2024. Watch a highlight from the discussion below. https://vimeo.com/932662022/25b2d4e237?share=copy

Webinar: P&C Market Outlook – Q2 2024

Webinar: P&C Market Outlook – Q2 2024

During this webinar, our expert panel reviewed valuable insights into Q2 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/930799431/68b9519cb2?  

Rising Demand for Apartment Rentals Will Define Habitational Insurance Sector

Rising Demand for Apartment Rentals Will Define Habitational Insurance Sector

The U.S. is faced with an apartment shortage that is expected to get worse before it gets better. This is placing significant stress on the Habitational Insurance market with high demand for rental housing. According to the National Multifamily Housing Council and the National Apartment Association, the U.S. will need an additional 4.3 million apartments between now and 2035 to…

Video: Habitational Insurance Market Outlook

Video: Habitational Insurance Market Outlook

During the Habitational Insurance Market webinar, our own Kevin Cuyler joined us to provide updates on the current state of the marketplace. Watch highlights from the discussion below. https://vimeo.com/915342304/25a6a4edd4?share=copy

Video: Challenges in the Habitational Insurance Market

Video: Challenges in the Habitational Insurance Market

During this webinar, our own Jake Miller joined us to discuss the current state of the Habitational Insurance Market. Watch highlights from the discussion below. https://vimeo.com/915340539/a1a0053495?share=copy

Video: Tips for Facing Habitational Market Challenges

Video: Tips for Facing Habitational Market Challenges

During our Habitational Insurance Market webinar, our own Nicholas Freeman joined us to provide tips for brokers and agents facing challenges in the marketplace. Watch a highlight from the discussion below. https://vimeo.com/915333303/d79c637867?share=copy

Report: Increasing Number of Homes Face Severe, Repetitive Flood Losses

Report: Increasing Number of Homes Face Severe, Repetitive Flood Losses

A growing number of homes covered by the National Flood Insurance Program are experiencing severe and repetitive flood losses, according to data from the Natural Resources Defense Council. The number of homes categorized as severe repetitive loss properties — meaning they have either had four or more separate building or contents claims of over $5,000, or two or more separate…

Webinar: Habitational Insurance Market

Webinar: Habitational Insurance Market

During this webinar, our experts met for a discussion on the current state of the Habitational insurance market. Watch as they explore current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/914913271/243f209a8e?share=copy

Valentine’s Day Jewelry Sales to Reach $6.4 Billion, Experts Warn of Uninsured Losses

Valentine’s Day Jewelry Sales to Reach $6.4 Billion, Experts Warn of Uninsured Losses

Consumers will spend a record-breaking $6.4 billion on Valentine\'s Day jewelry purchases this year, according to a recent survey from the National Retail Federation. The annual survey shows that total Valentine\'s Day spending in the U.S. will reach $14.2 billion, another record, INSTORE Magazine reported Jan. 30. Although consumers expected to spend an average of $185.51…

Ask the Expert Q&A: Residential Property Insurance

Ask the Expert Q&A: Residential Property Insurance

As today’s homeowners face the mounting pressures of inflation, worsening weather events and more, it is increasingly important for them to protect their assets with Residential Property Insurance policies such as Homeowners Insurance, Flood Insurance and Personal Articles Floaters. To learn more, Crain’s Content Studio spoke with Brandon​​​​ McCarty, Regional Practice Group Leader, Burns & Wilcox, Philadelphia, Pennsylvania. What are…

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