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The industry posted a good quarter, but reserving and loss cost concerns hardly abated. -
Other key leaders come from Virginia, Rhode Island and Utah.
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A quick roundup of today’s need-to-know news, including reinsurer profits, nuclear verdicts, cyberattacks and more.
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The agency’s outlook for global reinsurance remains at Positive.
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A separate US Chamber of Commerce report, meanwhile, put tort costs at $529bn for 2022.
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The construction industry remains a top target for attackers and was the most impacted sector in Q3.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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The broker will be using Verisk US agricultural risk models.
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Insurers and their allies hope to capitalize on increased attention to pass a slew of reforms.
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Umbrella recorded the highest premium increase, at 8.6%.
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Through Q2 2024, the index is up 10% since 2020.
