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The medical CPI is up 3% for the last 12 months.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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Even if M&A activity picks up, Atlantic does not expect R&W rates to jump significantly.
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The costs of accident/casualty-related claims continue to rise.
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Inflation, tariffs and climate change are all making for an uncertain 2025.
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The rating allows IQUW to access $1bn in group capital.
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Last month’s inflation figures were lower than expected, but tariffs continue to loom.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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Four cat modelers have also submitted their tech for regulatory review.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Commercial auto was the exception, ticking up slightly from January.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.