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The agency collects gold standard data and conducts research. Without that, there’s more uncertainty. -
There were no signs of deceleration in claims and insurance services M&A during February.
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Big tort reform packages are on the table, but California steals the show, for now.
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Frequency has rebounded, while severity has spiked beyond the pre-Covid-19 years.
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Insureds, however, are often reinvesting savings into purchasing increased limit.
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The spillover impact from the LA wildfires will play a major role in how much reinsurance capacity will be available.
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RenRe gave the highest anticipated market loss of $50bn.
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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
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The impact of the devastating California wildfires is too early to ascertain, executives said during earnings calls.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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Loss estimates for the disaster from the likes of KCC, Verisk and Moody’s RMS now range between $28bn and $40bn.
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Insurers are increasingly trying to push attachment points for excess layers up to $10mn.
